Senate Majority Leader Schumer (D-NY) announced Wednesday that under the Democrats’ agreement to lower prescription drug prices, the cost of insulin will drop to $ 35 / month.
Democrats to lower the price of insulin to $ 35 / month
Majority leader Schumer announces that insulin will cost $ 35 a month under the agreement to lower the prices of prescription drugs. pic.twitter.com/NiaoPDO3KD
– Sarah Reese Jones (@PoliticusSarah) November 3, 2021
Schumer told the Senate:
For too many Americans, all it takes is a sudden serious illness and you can find yourself spending hundreds if not thousands and several thousand dollars a year just to afford things like insulin or essential cancer treatments. It is deeply unfair and totally un-American. Imagine the tension you can face: someone – you or a loved one – is sick and you can’t afford the medicine, and you see them, their condition gets worse and worse. I can’t think of anything worse than that.
We took a big step yesterday in helping alleviate this problem. For the first time ever, Medicare will be allowed to directly negotiate prices in Part B and Part D. This will directly reduce out-of-pocket drug spending for millions of patients every time they go to a pharmacy or doctor.
Our agreement does other things as well. It will limit out-of-pocket expenses to $ 2,000 per year, putting an end to the dilemma I just talked about where a life-changing diagnosis could mean thousands upon thousands of dollars in new expenses that an individual cannot afford.
This deal will cut insulin prices so Americans with diabetes pay no more than $ 35 a month for their insulin. Let me repeat this because it is amazing how the cost of insulin was so reasonable and has skyrocketed in recent years, with very few reasonable and justifiable explanations. This deal will cut insulin prices so Americans with diabetes pay no more than $ 35 a month for their insulin.
And it will reform the pharmaceutical industry to stop rising prices and make sure our country’s drug pricing system benefits patients, not companies.
Senate Democrats are scrambling after a tough election night
Senate Democrats received a wake-up call on election night. Schumer also spoke in his remarks about the need to get Build Back Better through quickly. Reducing the cost of prescription drugs will give Democrats in the House and Senate something to campaign on, as Republicans in both houses will vote against Build Back Better.
Lower prices of prescription drugs it will save lives, reminding voters why they elected the Democratic majority in the House and Senate in 2020.
Mr. Easley is the managing editor. He is also a White House Press Pool and Congressional Correspondent for PoliticusUSA. Jason has a BA in Political Science. His undergraduate work has focused on public policy, with a specialization in social reform movements.
Professional awards and registrations
Member of the Society of Professional Journalists and the American Political Science Association