Congress is pressing ahead with plans to limit the cost of insulin to $35 a month — an effort that could be the closest Democrats get to making good on campaign pledges to rein in drug costs.
But while capping out-of-pocket costs for insulin might be a political winner in an election year, it could wind up costing the government billions in lost revenue and swelling the deficit.Insulin is a tempting target. Per-unit U.S. prices for the life-saving medication in the U.S.
are seven times those in comparable countries, per theBut legislation like a House bill from Rep. Angie Craig that'll be debated on the floor today wouldn't address the core problem of rising prices for insulin. It would instead shift more of the cost onto health insurers and employers and result in higher premiums, according to experts.
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