Currently, 40 million Americans have diabetes and 8.4 million depend on insulin to survive

 

1 in 4 Americans who rely on insulin have cut back on using it, or are rationing their supply, many now traveling to Canada where the same drug is roughly $35 a month

 

Three companies have a monopoly over the production of insulin.

 

In 1999, the average cost of insulin was $21.

 

Today, that number is over $300

 

Out-of-pocket costs for insulin are on average $64 a month, even with insurance

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In 2022, President Biden signed the Inflation Reduction Act. The bill included a provision that capped the price of insulin at $35 a month. However, the provision failed in the US Senate by a vote of 57-43, whose rules required a 60-vote supermajority rather than a simple majority. The final bill capped the price for Medicare recipients, those 65 and older.