spot_imgspot_img

New Illinois law caps the price of insulin

(The Center Square) – The price of insulin will soon be capped in Illinois after Gov. J.B. Pritzker signed legislation to address higher costs.

House Bill 2189 creates the Access to Affordable Insulin Act, which requires the Illinois Department of Insurance to offer a program that allows participants to purchase insulin at a discounted, post-rebate price.

The bill passed unanimously through the General Assembly in May and was signed into law late last week.

The bill states that an insurer that provides coverage for insulin drugs shall limit the total amount that an insured person is required to pay for a 30-day supply of covered prescription insulin drugs at an amount not to exceed $35.

During the spring session, state Rep. Jenn Ladisch Douglass, D-Elmhurst, explained the measure.

“This will allow participants to purchase insulin at the state post-rebate price, allowing individuals to pay less for their insulin by utilizing the contract power of the state of Illinois,” Ladisch Douglass said.

Most of the questions about the measure revolved around what it could cost taxpayers.

“With regards to this discount program, will there be any cost associated with that to the state,” state Rep. Patrick Windhorst, R-Metropolis, asked.

Ladisch Douglass said there would be no extra costs for the program.

“The discount price charge participants will allow them to pay only what the state needs to be whole,” Ladisch Douglass said. “It costs the state nothing to engage in this program.”

The measure goes into effect on July 1, 2025.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_imgspot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Survey: Small business owners optimistic heading into holiday shopping season

(The Center Square) – Although a new survey reveals...

Delaware-based group spends thousands on candidates across Illinois

(The Center Square) – Several Illinois races are being...

Voters have high number of transit measures in 2024

Voters will decide on $59.2 billion in dedicated, multi-year...

Former Seattle Police Chief Adrian Diaz placed on administrative leave

(The Center Square) – Former Seattle Police Chief Adrian...

California goods inflation down, wages up, fueling possible housing bubble

(The Center Square) - According to new reports from...

Census: Arizona remains a top destination for moving Americans

(The Center Square)— New estimates from the U.S. Census...

Ohio school district adopts controversial ‘Grading for Equity’ policies

A school district outside Cleveland, Ohio, will have staff...

More like this
Related

Survey: Small business owners optimistic heading into holiday shopping season

(The Center Square) – Although a new survey reveals...

Delaware-based group spends thousands on candidates across Illinois

(The Center Square) – Several Illinois races are being...

Voters have high number of transit measures in 2024

Voters will decide on $59.2 billion in dedicated, multi-year...

Former Seattle Police Chief Adrian Diaz placed on administrative leave

(The Center Square) – Former Seattle Police Chief Adrian...