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New Colorado law caps insulin prices for state’s residents at $100 per month

Posted at 10:47 AM, May 27, 2019
and last updated 2019-05-27 11:47:36-04

DENVER – Colorado Gov. Jared Polis has signed into law a bill that ensures people with diabetes in the state don’t have to pay more than $100 a month.

HB19-1216 also “requires the department of law to investigate the pricing of prescription insulin drugs and submit a report of its findings to the governor, the commissioner of insurance and the judiciary committees of the senate and house of representatives,” according to the Colorado Legislature’s website.

Colorado State Rep. Dylan Roberts (D-Avon) and State Sens. Kerry Donovan and Kevin Priola sponsored the bill.

“For Coloradans living with Type 1 Diabetes, insulin is essential to their survival – it is the same as oxygen,” Roberts told Denver station KUSA. “With this new law, Coloradans will no longer be forced to choose between this life-saving and life-sustaining drug and their other expenses.”

The Colorado Health Institute earlier this month released a report that projects the estimated cost of diabetes in the state will total about $8.3 billion by 2030.

It also leads to a question whether other states should consider such legislation.

Is this something that your Texas lawmakers should similarly make as a priority?