Newswise — WASHINGTON—The Endocrine Society urges the Senate to protect the insulin affordability provisions included in the Build Back Better Act and move quickly to pass this crucial legislation.
We implore all Senators to ensure these provisions are not scaled back. The Build Back Better Act represents the best opportunity to address the price of insulin. Millions of Americans cannot wait any longer for a solution.
The Build Back Better Act, which was passed by the House, would cap insulin co-pays at $35 per month for Medicare beneficiaries and those on private insurance. It is also critical that the legislation include individuals covered by private insurance. These individuals face insulin price hikes just like Medicare beneficiaries. Imposing limitations on this provision would perpetuate limited access to affordable insulin for people living with diabetes.
The Build Back Better Act would institute an inflation cap ensuring that the price of insulin doesn’t increase faster than inflation. In addition, the bill would give the government authority to negotiate the price of certain drugs, including insulin.
For millions of Americans living with diabetes, including all people living with type 1 diabetes, insulin is a life-saving drug that must be taken to control blood sugar. Although insulin has been available for 100 years, its price continues to increase and has nearly tripled over the past 15 years.
The Endocrine Society has prioritized the need for affordable insulin for years. Our members are dedicated to educating Congress about the challenges people with diabetes face in accessing affordable insulin. We have shared policy recommendations, testimony, and a collection of patient stories illustrating that people with diabetes continue to suffer due to the high price of insulin.
The Senate must move quickly to pass this legislation, which would make insulin more affordable for millions of Americans with diabetes.
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Endocrinologists are at the core of solving the most pressing health problems of our time, from diabetes and obesity to infertility, bone health, and hormone-related cancers. The Endocrine Society is the world’s oldest and largest organization of scientists devoted to hormone research and physicians who care for people with hormone-related conditions.
The Society has more than 18,000 members, including scientists, physicians, educators, nurses and students in 122 countries. To learn more about the Society and the field of endocrinology, visit our site at www.endocrine.org. Follow us on Twitter at @TheEndoSociety and @EndoMedia.