GOP Votes Down Plan to Cap Insulin Prices at $35 in Win for Big Pharma

On Sunday, Senate Republicans killed Democrats’ long-vaunted plan to cap monthly insulin prices for millions of Americans with health insurance who rely on the medication to survive, using an arcane ruleTo block the proposal, which has little chance of becoming law in the near future.

Inability to provide a cap on insulin at $35 per month for people without insurance has resulted in the blockage of this provision a 57 to 43 voteOnly seven Republicans voted to approve the potentially life-saving measure. Because the provision had been struck from the budget reconciliation processIt was passed by the Senate parliamentarian on the weekend with 60 votes. Democrats could have also bucked tradition to reject the parliamentarian’s decision, as Some progressives were called forWhen the parliamentarian rejected a provision to increase the federal minimum wage last year to $15,

Republicans had campaigned for the removal of the insulin provision and other proposals to lower the cost of certain drugs for Medicare from the bill. working alongsideThe parliamentarian will be challenged by powerful pharmaceutical lobbyists. Medicare patients will continue to be able to access lower prices through the Inflation Reduction Act of (IRA), which was passed by the Senate Sunday. However, people without insurance or those who are not insured will continue to have the option to purchase the drug.

Insulin prices in the United States are high. There is little or no regulation on the prices that insurance companies and pharmacies can charge for the medication. This medication is required daily. an estimated7 million Americans

Many of the Senate’s most powerful Republicans voted against the provision, including Senate Minority Leader Mitch McConnell (R-Kentucky). Senators Susan Collins (R. Maine) and Lisa Murkowski, R. Alaska), voted for the measure along with all Democrats.

Perhaps you are aware of this. bipartisan majority of voters supportsSen. Chuck Grassley, R-Iowa, proposed a cap to insulin’s price took to Twitter to purposefully mislead the public about his “no” vote on the proposal.

On Sunday, Grassley wrote, “I voted 2 make insulin available 4 pennies on the dollar 2 uninsured & w high deductible plans but Dems blocked it.” But the congressional record shows that Grassley voted against the measure and that it was Republicans who blocked the Democrats’ proposal. Republican lawmakers hadTheir own proposal for insulin price was presented, but it was much narrower than that of the Democrats and was ultimately rejected.

Republicans blocked the provision from being approved by Democratic lawmakers. “Too many Americans with diabetes have to ration their insulin because of high costs. But Republicans voted to strip out Democrats’ efforts to lower the costs of insulin from the Inflation Reduction Act,” wrote Sen. Elizabeth Warren (D-Massachusetts). “It’s shameful.”

“Here are the McConnell Republican senators who just killed capping insulin at $35,” wrote Sen. Bill Pascrell (D-New Jersey) on Sunday, attaching a list of all 43 “no” votes. “Republicans told millions of Americans who use insulin to go to hell. Remember their names.”

Research has found that about 14 percent of Americans who use insulin say they are forced to pay more than 40 percent of income that’s left after paying for essentials like rent and food on the medication. Other studies have shown the same. That is a majority of patients who rely on insulin report having to take out credit card debt to afford the medication, while about a quarter of patients say they’ve had to ration the drug, which could potentially lead to dangerous consequences.

This — and the often unaffordable prices of many other prescription drugs — is a uniquely American problem; the Department of Health and Human Services found in a 2020 report thatA standard vial of insulin in the U.S. cost on average 10 times more than in 32 OECD countries with comparable insulin prices in 2018.