Hawley introduces bill to reduce insulin prices

WASHINGTON, D.C. (KMIZ)

Sen. Josh Hawley on Monday introduced a bill that aims reduce the price of insulin.

The legislation is being called the Cap Insulin Prices Act.

According to the American Diabetes Association, about 700,000 people in Missouri have diabetes.

"So my bill would cap a monthly supply of insulin the cost at $25, both for folks who are on Medicare, but also for folks who have private insurance,” Hawley said. “So it would apply across the board, $25 cap. I think that that is a fair price still allows PHARMA to recapture their investment, but most importantly, it protects the people of Missouri."

Another part of the bill would stop health plans from using prior authorization and treatment to push patients towards insulin products not best for them.