CHICAGO (WSIL) � Governor JB Pritzker signed a law Friday that will cap out-of-pocket insulin costs at $100 for a 30-day supply.
The governor's office said was an important step in lowering healthcare costs and would impact 1.3 million Illinois residents who rely on insulin.
“Health care is a right for all, not a privilege and that is why I am so proud that we created an insulin price cap that successfully puts patients above profit,� said Governor Pritzker. “As we work to address the high cost of prescription drug prices that are burdening millions all across our state, this new law is an essential step in fulfilling our promise to put state government back on the side of working families.�
According to the governor's office, one in four Type 1 diabetics have reported underusing insulin due to the high cost.
“I’m deeply grateful for the brave individuals and families, some of which are here today, who stepped up and challenged the status quo on behalf of millions of families who share their experience,� said Illinois Senator Andy Manar, (D)-Bunker Hill. “Their stories propelled Senate Bill 667 through the legislature with bipartisan support by evoking a shared belief that unites us all � the health and humanity of our neighbors isn’t a tool to be leveraged for exorbitant profit.�
The law will go into effect in January 2021. Provisions requiring an insulin pricing report take effect immediately.
