Congresswoman Elaine Luria Fights to Lower the Cost of Insulin
WASHINGTON, D.C. – Today, Congresswoman Luria announced her support for the Insulin Price Reduction Act (H.R. 4906). This bill would help reduce drug costs, specifically insulin, for diabetics across the country.
“It is unacceptable that diabetics in this country are forced to ration or go without insulin due to financial barriers,” said Congresswoman Luria. “The Insulin Price Reduction Act is a necessary step to provide support to Coastal Virginians with pre-existing health conditions who require insulin to lead healthy and productive lives.”
This bill would incentivize insulin manufacturers to lower the current listed price of their insulin products, from its current $300 a vial rate to the 2006 price, which was approximately $68 a vial. In exchange, drug makers would be prohibited from having to offer additional rebates to insurers in order to have their products covered. This bill is supported by the American Diabetes Association, which advocates for the 7.4 million Americans who consider insulin to be a life-sustaining medication for which there is no substitute.
Last year, Congresswoman Luria voted for H.R. 3, the Elijah Cummings Lower Drug Costs Now Act of 2019, an overdue bill that would ease the financial burdens of many hardworking families while funding groundbreaking research. H.R. 3 would give Medicare the power to negotiate directly with drug companies to lower drug prices for Coastal Virginians covered by private insurance and Medicare. Congresswoman Luria’s amendment to strengthen this provision was incorporated into the House-passed bill. The amendment would ensure that federal employees benefit from the lower drug prices that Medicare negotiates. This would help 30,000 federal workers in Virginia’s Second Congressional District benefit from the newly lowered drug prices.
Congresswoman Elaine Luria represents Virginia’s 2nd Congressional District. She serves on the House Armed Services Committee, where she is the Vice Chair of the Seapower and Projection Forces Subcommittee, and the House Committee on Veterans’ Affairs, where she serves as Chair of the Disability Assistance and Memorial Affairs Subcommittee.