Insulin is a hormone produced by the pancreas that regulates blood sugar levels. Many individuals with diabetes require insulin therapy to regulate blood sugar. The different types of insulin therapies range from rapid- to long-acting and come in various delivery methods: syringe or pen, pump, and inhaler.
In 2020 the Legislature directed health plans, beginning January 1, 2021, to limit an enrollee's out-of-pocket expenses for insulin to an amount not to exceed $100 for a 30-day supply until January 1, 2023. In 2022 the Legislature amended the statute to further limit an enrollee's out-of-pocket expenses for insulin to an amount not to exceed $35 for a 30-day supply until January 1, 2024. Prescription insulin drugs must be covered without being subject to a deductible, and any out-of-pocket costs paid by an enrollee must be applied toward the enrollee's deductible obligation.
The expiration date limiting out-of-pocket expenses to $35 for a 30-day supply of insulin is removed.
(In support) This bill is important to thousands of Washingtonians. Insulin is a life-saving and necessary medication for individuals with diabetes. A pharmaceutical company has voluntarily reduced the price to $35, but there will always be the threat of recessions, mergers, and acquisitions. The voluntary cap is not guaranteed. The protections set in this bill provide consistency and standardization. Families will not have to go into debt and individuals will not have to ration insulin or skip meals.
(Opposed) None.