Bill To Cap Insulin Prices Passes IL Senate

SPRINGFIELD, IL — A bill that would cap price increases on insulin has passed both the Illinois House of Representatives and the Illinois Senate. Senate bill 667 limits the amount that insulin prices can rise annually to the level of inflation, according to a news release from State Sen. John Curran (R-Downers Grove).

In a statement Curran said, "Insulin is literally a life or death necessity for millions of people regardless of its price." He added, "This legislation ensures that it will remain affordable, so no one will have to choose between paying for their insulin or being able to buy groceries."

The bill works to further keep insulin prices from spiking by requiring the Illinois Departments of Insurance, Human Services, and Health and Family Services to look into insulin pricing practices. The hope is that this will help identify what causes a sudden surge in insulin prices and how to prevent high prices from impacting patients.

Curran said, "1.3 million people rely on insulin in Illinois, and we have to protect their ability to access these lifesaving medications."