Becker's Healthcare December 7, 2021
President Joe Biden is urging Congress to pass the Build Back Better Act, which contains measures to lower drug costs in the U.S., NPR reported Dec. 6.
President Biden’s provisions would cap insulin costs at $35 per month and Medicare recipients’ out-of-pocket drug costs to $2,000 a year for some medications, while also allowing Medicare to negotiate certain medication prices with drugmakers.
About 1.5 million Americans have Type 1 diabetes and are paying $375 to $1,000 per month for insulin, according to President Biden.
“I think...