summary
Introduced
02/17/2022
02/17/2022
In Committee
02/17/2022
02/17/2022
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To provide for appropriate cost-sharing for insulin products covered under Medicare part D and private health plans.
AI Summary
This bill, the Affordable Insulin Now Act, aims to provide appropriate cost-sharing for insulin products covered under Medicare Part D and private health plans.
For Medicare Part D, the bill establishes a maximum monthly cost-sharing amount of $35 for covered insulin products, regardless of whether an individual has reached their deductible or coverage limit. It also requires that the deductible does not apply to covered insulin products.
For private health plans, the bill mandates that they provide coverage for selected insulin products and cap the cost-sharing at the lesser of $35 or 25% of the negotiated price, without applying any deductible. It also ensures that cost-sharing for these selected insulin products applies towards the plan's deductible and out-of-pocket maximum.
The bill also includes provisions to ensure that the cost-sharing limits apply to low-income individuals enrolled in Medicare Part D and that certain insulin products are covered by Affordable Care Act catastrophic plans before the deductible is met.
Committee Categories
Budget and Finance
Sponsors (37)
Raphael Warnock (D)*,
Tammy Baldwin (D),
Michael Bennet (D),
Richard Blumenthal (D),
Cory Booker (D),
Sherrod Brown (D),
Tom Carper (D),
Bob Casey (D),
Catherine Cortez Masto (D),
Tammy Duckworth (D),
Dick Durbin (D),
Dianne Feinstein (D),
Maggie Hassan (D),
Martin Heinrich (D),
John Hickenlooper (D),
Mazie Hirono (D),
Tim Kaine (D),
Mark Kelly (D),
Angus King (I),
Amy Klobuchar (D),
Ben Ray Luján (D),
Joe Manchin (I),
Bob Menendez (D),
Jeff Merkley (D),
Chris Murphy (D),
Alex Padilla (D),
Gary Peters (D),
Jack Reed (D),
Jacky Rosen (D),
Chuck Schumer (D),
Jeanne Shaheen (D),
Kyrsten Sinema (I),
Tina Smith (D),
Debbie Stabenow (D),
Chris Van Hollen (D),
Sheldon Whitehouse (D),
Ron Wyden (D),
Last Action
Read twice and referred to the Committee on Finance. (on 02/17/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/3700/all-info |
| BillText | https://www.congress.gov/117/bills/s3700/BILLS-117s3700is.pdf |
| Bill | https://www.congress.gov/117/bills/s3700/BILLS-117s3700is.pdf.pdf |
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