House passes bill to cap out-of-pocket insulin costs
NBCDec 15, 2021
The Facts
On Thurs., the House passed a bill capping the cost of insulin to $35 per month for most Americans who use it.
Nearly 30M Americans currently live with diabetes, a condition treated with the drug.
The Spin
Left narrative
This will ensure that Americans are never denied access to the life-saving medication because of economic inequality. Prices of insulin are massively inflated for consumers and complaints about price-fixing only play into the hands of Big Pharma.
Right narrative
Although this may seem compassionate, it doesn't address the core issue and instead simply shifts the cost to health insurers and employers, inevitably leading to higher premiums. It also risks increasing the price of other drugs because the legislation fails to reform the rebate system.