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SB 827 - Reduces the Price of Insulin Copayments and Caps the Cost at $50 - Texas Key Vote

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Title: Reduces the Price of Insulin Copayments and Caps the Cost at $50

Vote Smart's Synopsis:

Vote to pass a bill that reduces the price of insulin copayments and caps the cost at $50.

Highlights:

 

  • Prohibits a health benefit plan from imposing cost-sharing for insulin that is included in the health benefit plan’s formulary if the total amount the enrollee is required to pay exceeds $50 for a 30-day supply regardless of the amount or type of insulin needed to fill a prescription (Sec. 1).

  • Defines “insulin as a prescription drug that contains insulin and is used to treat diabetes and specifies that the term does not include an insulin drug that is administered intravenously (Sec. 1).

Title: Reduces the Price of Insulin Copayments and Caps the Cost at $50

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