Plain English Breakdown
The official source material does not provide information on what happens if the bill does not pass, nor does it address how insurance companies will cover costs beyond $35.
Setting a Price Cap on Insulin
This bill sets a limit on how much money people in Indiana have to pay for their insulin each month.
What This Bill Does
- Requires insurance companies to cap the total amount an insured person pays for a 30-day supply of prescription insulin drugs at $35, regardless of the number and types of insulin prescribed.
Who It Names or Affects
- People who need insulin for their diabetes
- Insurance companies that cover prescription drugs
Terms To Know
- Insulin
- A medicine used by people with diabetes to control blood sugar levels.
- Price cap
- The highest amount a company can charge for something, set by law or rules.
Limits and Unknowns
- Does not cover other prescription drugs besides insulin.
- Does not explain how insurance companies will pay for the cost of insulin beyond $35.