Insulin Price Fixing Bill Flies Out of the House

The vote was 100-13-1 to fix the monthly cost of insulin at $100.

This only applies to those people who have true health insurance, plus those with governemnt health plans.

The House roll call follows:

Locally, David McSweeey, Steve Reick, Allen Skillicorn voted, “No.”

Comments

Insulin Price Fixing Bill Flies Out of the House — 7 Comments

  1. No. Only for insurance plans regulated by the Illinois Department of Insurance.

    Not very good coverage by lots of mainstream media.

  2. So does this mean the total cost is 100 bucks or the consumer pays 100 bucks?

    In other words, is this truly price fixing or is this mandating the insurance company pay for a larger chunk of the bill?

  3. I believe the insuance company will pay whatever is over $100…which means, of course, that premiums of eveyone will inccresse to cover that cost.

  4. This is a life saving drug, and the pharmaceutical companies, via patent manipulation, are acting like Democrat Illinois politicians, spooning up every penny.

    It is on the World Health Organization’s List of Essential Medicines, the most effective and safe medicines needed in a health system.

    The wholesale cost in the developing world is about US$2.39 to $10.61 per 1,000 iu (34.7 mg) of regular insulin and $2.23 to $10.35 per 1,000 iu of NPH insulin.

    There is hope in the madness of US dysfunction:
    https://www.slideshare.net/mobile/joyunuse/industrial-production-of-insulin

  5. Command economies never seem to work out.

    Ask the Cubans or Estonians.

  6. Senate Bill 667 (SB 667) in the 101st Illinois General Assembly:

    – Passed the State Senate on October 29, 2019;

    – House Committee Amendment 1 was filed in the State House on November 11, 2019;

    – Passed the House on November 13, 2019 (Wednesday);

    – The Senate concurred on House Committee Amendment 1 on November 14 2019 (today Thursday);

    so the next step is the bill will be sent to the Governor.

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