Senators on Wednesday unveiled bipartisan legislation that would lower the costs of insulin amid skyrocketing prices for the diabetes medication.
Of the 37 million people in the United States who have diabetes, about 8.4 million use insulin, according to the American Diabetes Association. Medical costs in the United States for people with diabetes are more than double those incurred by people without diabetes, and about one out of every three Medicare dollars goes to treating people with diabetes.
Sens. Susan Collins (R-Maine) and Jeanne Shaheen (D-N.H.), who are co-chairs of the U.S. Senate Diabetes Caucus, said the bill would limit out-of-pocket costs for patients….