Bipartisan bill could impact 8.4 million Americans.
On Wednesday, Senator Jeanne Shaheen of New Hampshire and Senator Susan Collins of Maine unveiled a draft for bipartisan legislation to lower insulin costs. The American Diabetes Association reports that 8.4 million of the 37 million people in the United States with diabetes use insulin, and insulin companies keep arbitrarily raising the price of insulin for those who use it. Senate Majority Leader Chuck Schumer voiced his support for the draft the same day it was announced.
“The cost of insulin has skyrocketed in recent years and the Insulin Act will make this life-saving medication more affordable by capping the cost of insulin at $35 a month,” he stated. “I will put this bipartisan legislation on the Senate floor very soon.”
In the narrowly divided Senate, the measure will need at least 60 votes to pass the measure.
As the Lord Leads, Pray with Us…
- For senators to have discernment as they read and discuss the cost-reducing measure.
- For manufacturers of insulin as the government looks at reducing the cost of insulin.
- For Americans with diabetes who have been impacted by inflation and the higher cost of insulin.
Sources: Reuters, U.S. News & World Report
