SPRINGFIELD - Amid life-threatening increases in the cost of prescription insulin, Steve Stadelman, a State Senator and father to a diabetic son, voted with fellow lawmakers today to cap insulin copayments. The legislation will cap patients’ out-of-pocket costs for prescription insulin at $100 for a 30-day supply.
“I have seen the struggle that diabetics face every day,” said Stadelman, a Rockford democrat. “Diabetes is a lifelong affliction for those who have it. It shouldn’t also be the cause of financial stress for their families.”
There are currently over 30 million Americans who have diabetes, according to the American Diabetes Association. An individual with Type 1 diabetes, a lifelong condition that often begins at birth, will spend an average of $5,705 per year on insulin alone.
“Without adequate insurance, many people with diabetes can’t afford the insulin they need to survive,” Stadelman said. “Rationing insulin leads to further health problems and more expensive health care costs in the long term. This legislation will provide medical and financial relief for thousands in the Rockford area and across the state of Illinois.”
The price of insulin has tripled between 2002 and 2013, which has led to many patients rationing their insulin and sacrificing other daily needs to pay for the medication.
Senate Bill 667 passed with a vote of 48-7 and would make Illinois the second state in the nation to cap prescription insulin co-payments.