Starting in January, co-pay costs for insulin will be capped at $100 per month in Colorado. Starting in January, co-pay costs for insulin will be capped at $100 per month in Colorado. Top Local.
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Yesterday, Colorado governor Jared Polis signed into law a measure that will cap total monthly insurance co-pays for insulin at $100. All insurers in the state will have to comply with the new regulation by January 1st, 2020. The measure caps out-of-pocket costs for a 30-day supply of insulin at $100 for Coloradans with insurance.
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The passage of the law makes Colorado the first state in the country to put a cap on insulin prices, according to The Denver Post. The medicine can typically range from $600 to $900 per month.
The new law specifically puts the cap on insulin co-pays at $100. The amount will be enforced no matter the amount of insulin a patient uses, appealing to both Type 1 and Type 2 diabetes patients. While the law will impose a maximum, it does not limit insurance companies from charging patients a lower co-pay.
Colorado caps diabetes insulin prices at $100 per month Starting in January, co-pay costs for insulin will be capped
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More than 420,000 people in Colorado have diabetes, and the average out-of-pocket costs for insulin are ranging from $600 to $900 per month for Coloradans.
People with diabetes in Colorado won’t have pay more than $100 a month for insulin under a new law. Gov. Jared Polis signed legislation Wednesday that caps insurance co-payments on insulin no matter the type of insulin.
Colorado has become the first state in the country to limit how much a person is required to pay in out-of-pocket costs for insulin. Colorado Gov. Jared Polis signed the bill into law Wednesday, which caps co-payments of insulin to $100 for a one-month supply. The cap is expected to go into effect in 2020.
A new Colorado law will ensure that those living with diabetes will spend no more than $100 per month on insulin, making it the first state to limit the cost of an increasingly expensive medication millions of Americans rely on. More than 30 million Americans have diabetes, and some 7.4 million of.
The new law caps copayments of insulin to $100 a month. The FOX31 Problem Solvers have been following this issue for years, with insulin prices increasing by more than 200 percent recently.