Reporter at News 5 Cleveland
COLUMBUS, Ohio — A bipartisan group of Ohio lawmakers has introduced a bill to cap the costs of the life-saving medication insulin to $35."I went to school full time and really had to debate sometimes — tuition or food or different life expenses and insulin," Munira Abdullahi, who has Type 1 diabetes, said.
She found solace in her colleague Thomas Hall — who also has Type 1. Both realized they want to help out people who suffer from the same condition. We reached out to the world’s major insulin manufacturers and pharmaceutical associations but didn’t hear back by our deadline, so Case Western Reserve University medical law professor Sharona Hoffman explained why those groups may not support the legislation.Companies may argue that it's expensive to bring a new drug to the market, she added.
“Insulin is a prime example of how out-of-pocket costs are driven up by insurers and PBMs who, too often, fail to share rebates and discounts with patients. Manufacturer rebates and discounts lower the average price insurers and PBMs pay for insulin by 80% or more, but these middlemen can charge patients the full list price. On top of that, PBMs refuse to cover lower-cost insulin versions introduced by biopharmaceutical companies.
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