Colorado Has Capped The Price Of Insulin

It's the first state in the nation to do this.

Colorado Gov. Jared Polis signed a bill into law this week that will cap the price of insulin at $100 per month.

"Today, we will declare that the days of insulin price gouging are over in Colorado," Polis said in his office as he signed the bill, according to CBS Denver.


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Over the last few years, the price of insulin has skyrocketed. The Healthcare Cost Institute says it has doubled in cost since 2012, alarming health care activists and those who suffer from Type 1 and Type 2 diabetes. Around 30 million Americans have diabetes. 

As costs rose, outrage over the prices of insulin rose, too. In 2016, the average price of insulin was $450 a month, according to Vox. With the new law passed in Colorado, insurance companies are expected to pay the difference as the cost is capped. 

State Rep. Dylan Roberts, who lost his brother to Type 1 Diabetes in 2016, was one of the first sponsors on the bill. 

"Colorado is leading the way with this measure, but this is just a first step," Roberts told CNN on Thursday. "We won't stop until all the pharmaceutical companies and drug middlemen start taking more accountability and stop gouging patients with their high costs."

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