Senate introduces bill to lower insulin costs

(WREX)- A new bill in the U.S. Senate aims to reduce the cost of insulin.

The Affordable Insulin Approvals Now Act aims to speed up the approvals of lower-cost and generic insulin.

Senators say this will help lower the cost of the drug, which has seen a 600% increase in price over the last 20 years.

Senator Dick Durbin (D) IL, is a sponsor of the bill, his office says it will reduce the cost of insulin by promoting competition and bringing cheaper products to market sooner.

“America’s insulin pricing scandal is a disgrace,” Sen. Durbin said in a statement sent Thursday afternoon. “Basic insulin was first discovered nearly a century ago, yet Big Pharma’s price gouging is driving families and children to extraordinarily dangerous lengths – like rationing supplies – in order to afford a medication they need to survive.  If we can create a faster path for FDA approval of generic insulin, we can finally help to lower costs and tell Big Pharma enough is enough.”

13 WREX Newsroom

13 WREX Newsroom

More News

13 Weather Authority

Rockford
46°
Freeport
DeKalb
43°
Rochelle
42°
Sterling
47°
Janesville
50°
Monroe
Connect with WREX
Top Stories
Scroll to top
Skip to content