zachm
zachm t1_jegc454 wrote
What this means is that either a) people will get a worse, cheaper form of insulin, b) everyone's premiums will go up, or c) some combination of the two. I'm guessing c).
"Insulin" as injected by diabetics is not a single substance. Instead, there are dozens of different drug products that mimic the human hormone. Depending on how well they work and the delivery method, some cost 20 times as much as others. Newer insulin drugs are both longer lasting and faster working, and easy to use needle pens cost way more than vials.
Here's a good overview of the cost differences between different drugs:
https://www.goodrx.com/healthcare-access/research/how-much-does-insulin-cost-compare-brands
Putting a cap on cost means insurance companies will decline to cover more expensive options. Those are the ones that work better and are easier to use.
zachm t1_jegks5g wrote
Reply to comment by clownburner in Cap on insulin cost now permanent in Washington by aagusgus
I'm reminded of the Venezuelan government putting price caps on drugs and then being shocked when drug stores stopped selling them