Colorado Takes a Shot at Big Pharma with Aggressive New Legislation
We can only hope that more states will soon follow suit.
When pollsters ask Americans what their most pressing and prescient concerns are today, more often than not, healthcare costs come in near the top of that list.
Through a double whammy of under regulated pharmaceutical companies and the previous mandates of Obamacare, these enormous corporations have done their damnedest to grow wealthy with little regard for their end consumer.
This reality becomes doubly egregious when we realize that it is often life-saving medicines that are used to exploit the American people’s pocketbooks.
Insulin, used in the treatment of diabetes, is just such an example, and the State of Colorado is getting serious about punishing those who would gouge the price.
People with diabetes in Colorado won’t have to pay more than $100 a month for insulin under a new law.
Gov. Jared Polis signed legislation Wednesday that caps insurance co-payments on insulin no matter the type of insulin. KCNC-TV reported that the Democrat declared that the days of insulin price gauging are over in Colorado at a ceremony filled with people affected by diabetes.
The bill was sponsored by state Rep. Dylan Roberts, who lose his brother, Murphy, to diabetes.
Over the course of the last two decades the price of insulin has more than tripled, making treatment that much more expensive for Americans afflicted by the disease.
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