Friday, May 24, 2019
DENVER (CBS4) Gov. Jared Polis signed a bill in to law on Wednesday that caps co-payments on insulin medications for those with private insurance at $100. With the action, Colorado becomes the first state in the country to put such a price cap into effect. The $100 ceiling is well under the $600-to-$900 range many people were paying per month.
In the last two decades the price of insulin skyrocketed more than 700%. Many Coloradans rely on the medication, which is manufactured by just three different companies, to survive. Roberts said the medications always jumped in price at the same time by all three companies.
By capping the price for those with private insurance, Roberts hoped more people could spend their money on things other than lifesaving drugs.
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