Colorado is now the first state in the nation to cap insulin co-pays at $100 per month, a key step to ensuring insulin is more affordable for those who need it. Additionally, the bill directs the Colorado Attorney General to investigate the rising costs of insulin.
The American Diabetes Association (ADA) supported this legislation as part of its Make Insulin Affordable initiative. Insulin is a life-sustaining hormone that is needed in order to live, and nobody should have to skip doses or ration their insulin due to high out-of-pocket costs.
Insulin costs have increased astronomically in recent years, with the price tripling between 2002 and 2013 and continuing to rise. Many people are paying thousands of dollars annually for insulin whose chemical composition haven’t changed in nearly three decades. High costs have impacted the insulin use of 1 in 4 insulin users, according to a 2018 patient survey conducted by the American Diabetes Association.
This new law will make insulin more affordable for the Coloradans who depend on it to stay alive, and is a huge accomplishment the American Diabetes Association’s efforts to make insulin affordable. Ask your friends and family to sign our insulin affordability petition or share it on social media using #MakeInsulinAffordable.