Highlighting Moral Need To Address High Insulin Costs, Senator Reverend Warnock Introduces New Bipartisan Insulin Cost Cap Legislation
Last week,
See more coverage of
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* A bipartisan
* Sens.
* A similar cap that Warnock introduced last year for Medicare beneficiaries made it into the Inflation Reduction Act, but
* The legislation faces an uphill battle to get to Biden's desk. Warnock told reporters yesterday that he is having conversations with the six other
* A bipartisan
* Warnock told
* "As a pastor, I've sat in waiting rooms with families and prayed at bedsides," he said. "I know the human cost of unmanaged diabetes. I've been with people when they've gotten the news that their loved one has to get an amputation."
* Kennedy, for his part, made a fiscally conservative argument for the "Affordable Insulin Now Act."
* "By making preventative care more accessible, this bill would reduce long-term health care costs for individual patients, avoid devastating complications from diabetes and take pressure off the entire health care system," he said in a statement.
* What are its chances? Six other
* Warnock cites recent moves by insulin manufacturers to lower their prices in the face of political pressure -- as well as the inclusion of the policy in President
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The Hill:
* A bipartisan
* Updated legislation introduced by Sens.
* During a roundtable with reporters, Warnock said he understands how people with diabetes can suffer if they can't afford insulin.
* The cost of insulin has skyrocketed in recent years, even as the drug itself has remained virtually unchanged from when it was first discovered more than a century ago.
* "As a pastor who has sat in waiting rooms with families and prayed at bedsides, I know the human costs of unmanaged diabetes," Warnock said. "I've been there and prayed with people when they got the news that their loved one has to get an amputation. So there is the financial cost and there's the human cost of all of this."
* Warnock said he intends for the bill to be fully paid for, and that Senate Majority Leader
* The legislation would require private insurance plans to cover insulin for no more than
* "By making preventative care more accessible, this bill would reduce long-term health care costs for individual patients, avoid devastating complications from diabetes and take pressure off the entire health care system," Kennedy said in a statement.
* A provision capping insulin costs at
* Yet seven
* Warnock said he is having conversations with them, but has not picked up their support yet.
* The bill from Warnock and Kennedy is not the only congressional attempt at tackling insulin costs.
* Last year, Collins and Sen.
* Three of the leading insulin manufacturers have recently announced their own plans to reduce the price of the drug, including Eli Lilly, and Warnock said he thinks that is momentum that will help move the legislation forward.
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* Watch MSNBC clip here (https://www.msnbc.com/the-last-word/watch/sen-warnock-insulin-shouldn-t-be-expensive-for-anybody-166621765553).
* Sen.
* Why it matters: The
*
* Between the lines: Kennedy's support is not a complete surprise, given that he was one of seven
* But insulin legislation faces a tough path. There is now a GOP House, which has not been welcoming. House Energy and Commerce Committee Chair
* Insulin makers have recently voluntarily lowered their prices, but backers say there is more to do to enshrine lower prices in law.
* What's next: Warnock indicated to reporters Thursday that
* He said he's having "ongoing" conversations with other
* What they're saying: Senate Majority Leader
* Sens.
* "We're continuing to polish the bill, and I hope we'll be introducing it in the next couple of weeks. It may be after the recess," she said.
* Asked about that measure, which is broader and includes changes to the rebate system for insulin, Warnock said the bills are "not rivals."
* "From my perspective at least, we are all on the same team," he said.
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Bloomberg Government: Insulin Cost Caps Draw Congress Support as Companies Pare Prices: https://www.bgov.com/next/news/RRZJCYDWRGG1
* The cost of insulin remains top-of-mind for senators, even as the largest manufacturers of the drug promise to lower what they charge for their most popular products.
* Sens.
* "This is transformational for the folks I've been talking to," Warnock told reporters.
* The bipartisan effort is the latest in a string of bills aimed at reducing insulin costs, a popular stance among consumers. Millions of Americans are dependent on insulin to live, and many find the drug too expensive to afford. About half of people with private insurance say they pay more than
* This year the three largest makers of insulin,
* This cost has drawn the attention of lawmakers for years.
* Some analysts say the companies' moves are meant to avoid hefty rebates they would otherwise owe to states in Medicaid rebates, due to the fact they've raised the price of their drugs faster than inflation. For some companies, lowering their prices will net them higher revenue in coming years.
* Warnock said the response from insulin companies show there's momentum for change. He said Senate Majority Leader
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