Colorado law caps cost of insulin at $100 a month

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On The Money Insulin_1558811539780-846652698

FILE – In this April 18, 2017 file photo, a woman with Type 2 diabetes prepares to inject herself with insulin at her home in Las Vegas. The skyrocketing price of insulin has some diabetics scrambling to cover the cost of the life-saving medication. Others are skipping doses or using smaller amounts than needed, and […]

DENVER (AP) — People with diabetes in Colorado won’t have pay more than $100 a month for insulin under a new law.

Gov. Jared Polis signed legislation Wednesday that caps insurance co-payments on insulin no matter the type of insulin. KCNC-TV reported that the Democrat declared that the days of insulin price gauging are over in Colorado at a ceremony filled with people affected by diabetes.

The bill was sponsored by state Rep. Dylan Roberts, who lose his brother, Murphy, to diabetes.

Nationally the average insulin price nearly tripled from 2002 through 2013, and prices have risen 10% or more a year since then, forcing many diabetics to ration their insulin. Some have ended up in hospitals and a few have died as a result, which has led to congressional hearings on the issue.

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