Lawmakers: More Needs to Be Done to Address Drug Prices

Lawmakers: More Needs to Be Done to Address Drug Prices

SPRINGFIELD – A new Illinois law caps insulin prices for those with state-regulated insurance plans, but some lawmakers said that it’s not enough and more needs to be done to address prescription drug prices.

In January, Illinois became the second state in the country to cap insulin costs.

The law caps out-of-pocket insulin costs at $100 per month, but only for people covered by a state-regulated insurance plan. Thatcovers about 20% of the plans available in the state. As a result, many Illinoisans still pay much more for insulin.

State Rep. Will Guzzardi, the sponsor of the law, said he’s heard stories about what he calls miscommunication around the question of what it means to be state-regulated.

Guzzardi said there have been reports in the media of people who saw that the bill took effect on January 1st of this year and raced down to the pharmacy to get their prescription filled, only to find out that their plan wasn’t covered by the cap and they’re still paying these high prices.