Collin Allred’s Bipartisan Bill to Reduce Insulin Prices

North Texas Democratic Congressman Colin Allred is cosponsoring the Insulin Price Reduction Act, a bipartisan measure to bring down the price of insulin for millions. Additional sponsors are Colorado Democrat Diane Degette and New York Republican Tom Reed. The new bill would reduce the price of most insulin products by more than 75 percent, and gives drugmakers an incentive to keep insulin prices set at 2006 levels. It would require Medicare and private insurers to waive deductible requirements for insulin set at 2006 prices, and would give protection to drug makers who comply by allowing them to not make any… Full Story