As Protect Our Care wraps up GOP Accountability week, President Biden called out Republicans in the Senate for their disastrous vote against capping insulin costs at $35 a month for millions of diabetics with private insurance. By blocking this critical amendment, diabetics and their families will be forced to pay hundreds of dollars a month for this life saving drug. Once again, Republicans put Big Pharma’s profits over the needs of real families, and the American people will take notice.
Republicans Blocked Insulin Cap for Millions of Americans. In early August, as the final negotiations were being made on the Inflation Reduction Act, Republicans in the Senate unified together to make sure that the $35 insulin cap was not universal. In a country where 80 percent of diabetics have had to go into debt in order to pay for insulin, this type of action by Republicans reeks of the influence of Big Pharma. When addressing this at his rally on Thursday, President Joe Biden railed against the cowardice of elected Republicans and emphasized to the American people that the IRA would be just the beginning of his plans to reduce health care costs for all Americans. “These Republicans ripped that out of the bill, but we’re coming back.”
Makes Insulin Accessible And Affordable For Seniors. In 2020, there were more than 3.2 million insulin users on Medicare Part D, with nearly 1.7 million purchasing their insulin without low-income subsidies. On average, seniors with Medicare Part D who are not receiving subsidies pay an average of $572 every year for this life saving medication — an unthinkable sum for many on fixed incomes. Under the Inflation Reduction Act, insulin copays for seniors on Medicare will be capped at $35 each month starting in 2023.