President Biden and lawmakers in both parties recently laid out proposals to slash Americans' out-of-pocket spending on insulin, which millions of patients -- especially seniors -- rely on to manage their diabetes. Diabetes affects about one in four U.S. adults over 65, and access to insulin is a matter of life and death for many of those patients. So, these proposals could offer literally lifesaving relief to many Americans.
These cost-reduction measures for insulin are immensely promising. But they raise a key question: Why limit the co-pay price caps to just insulin? Six in 10 U.S. adults live with at least one chronic condition and four in 10 are living with two or more. For seniors on Medicare, chronic disease prevalence is even higher and, for millions with fixed incomes, out-of-pocket costs are increasingly problematic.
If the proposed $35-a-month co-pay cap makes sense for insulin — and it does — why not implement the same policies for medicines that treat asthma, hypertension, and other common chronic conditions and focus on Medicare where chronic diseases are so prevalent?
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