SALEM, Ore. — The Oregon House of Representatives has passed a bill that would cap the cost of insulin for people with diabetes who rely on the drug as prices have continued to skyrocket over the span of years.
For people who have a health benefit plan in Oregon, the bill would cap insulin costs at $75 for a 30-day supply and $225 for a 90-day supply. It would also charge the state Department of Consumer and Business Services with reviewing prices annually, adjusting the cap based on cost of living.
The noted prices apply to out-of-pocket costs, not prices before insurance. Under the bill, this cost would not be subject to a deductible.
“Nobody should have to break the bank in order to afford this life-saving drug,” said Representative Sheri Schouten. “This lifesaving drug has been around for a century and should be affordable to all Oregonians."
House Bill 2623 passed with broad bipartisan support in a vote of 50 to 6. It now moves on to the Oregon Senate for consideration.