INSULIN PRICE CAP ACT
To set a maximum price on the cost of insulin.
SECTION I.: NAME
a. This Act may be cited as the Insulin Price Cap Act.
SECTION II: PURPOSE
a. This bill is in response to Colorado proposing such a bill in real life.
b. This bill proposes curbing the cost of insulin to patients (esp. those with diabetes) who need the drug for medical necessity reasons.
c. This bill combats the pharmaceutical price gouging issue with this drug.
d. The price of insulin out-of-pocket shall be capped at $45, though regions can set the cap lower if they wish.
e. All health insurance plans-- whether individual, employer, or AtlasCare-- shall cover the insulin cap costs in their plans.
SECTION III: TIMING
a. This act shall take effect fourteen (14) days after adoption.
As amended:
Passed in the Senate 6-0-0-0
