ICYMI: On Bloomberg’s Balance of Power, Shaheen Highlights Bipartisan Effort to Cap Insulin Costs

**Shaheen’s bipartisan bill to cap the monthly out-of-pocket cost of insulin at $35 enjoys robust and growing support in Congress** (Washington, DC) – U.S. Senator Jeanne Shaheen (D-NH) joined Bloomberg TV’s Balance of Power this evening to highlight her bipartisan legislation to cap monthly out-of-pocket insulin costs at just $35 . Shaheen, co-chair of the U.S. Senate Diabetes Caucus and author of the bipartisan INSULIN Act , discussed how capping insulin costs addresses a key concern from the American people by addressing health care affordability. Click HERE to watch the interview. Key quotes from Shaheen on Bloomberg TV: “Our hope is to ask all insurance companies to cap the cost of insulin at $35 a month so that it mirrors what we have done with Medicare. It also sets up a pilot program for those people who don't have health insurance that would, again, cap that cost of insulin at $35 a month.” “We think this is a bill that needs to be passed. We have 8 million people who are living with Type 1 diabetes in this country. It is the most expensive chronic disease, it’s one of the fastest-growing chronic illnesses in the country. We can provide some help for those people who are dealing with those high costs by passing this legislation.” “Insulin for those who need it [...] is not an option for people. If they don't have that insulin, they are going to die. So, we need to address this. Too many people are not able to afford the costs and we can do something about it by passing this bill.” The Improving Needed Safeguards for Users of Lifesaving Insulin Now (INSULIN) Act —which Shaheen leads alongside U.S. Senators Susan Collins (R-ME), Raphael Warnock (D-GA) and John Kennedy (R-LA)—would cap the monthly-out-of-pocket cost of insulin at $35. Importantly, the legislation would create a pilot program to provide insulin at the same cost to Americans without insurance. Shaheen’s bill enjoys robust and growing bipartisan support with nine senators from each party backing the proposal. ###