March 31, 2022

Retirees Praise Legislation to Reduce the Price of Insulin

Statement by Richard Fiesta, Executive Director of the Alliance for Retired Americans, regarding House passage of H.R. 6833, the “Affordable Insulin Now Act.”

“Seniors are applauding the House of Representatives for passing the Affordable Insulin Now Act, which will provide real relief for millions.  

“Americans pay the highest prices in the world for prescription drugs, and this is especially the case with insulin. In the United States insulin costs seven times more than in other countries.

“The $35 per month limit would apply to all Medicare beneficiaries and many other Americans of all ages who need insulin to manage their diabetes. According to the American Diabetes Association, nearly 1 in 3 people over the age of 65 have Type 1 or Type 2 diabetes.

“Retirees welcome all proposals that bring relief to people facing skyrocketing prescription drug costs but capping insulin prices is not enough. We still need to allow Medicare to require drug corporations to negotiate lower prices and provide relief to seniors at the pharmacy counter. 

“The 4.4 million members of the Alliance urge the members of the United States Senate to follow suit and pass similar legislation.”

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Contact: Lisa Cutler, lcutler@retiredamericans.org