Bill > S954

This bill, the Affordable Insulin Now Act of 2023, has several key provisions: 1. It requires private health plans to cover selected insulin products (at least one of each dosage form and type) with no deductible and a maximum 30-day supply cost-sharing of $35 or 25% of the negotiated price, whichever is lower. This applies to plan years beginning on or after January 1, 2024. 2. It establishes a program where the Secretary of Health and Human Services will enter into agreements with qualifying health care providers and pharmacies to furnish insulin products to uninsured individuals, with the government paying the difference between the individual's out-of-pocket cost and $35 for a 30-day supply. 3. It includes provisions to ensure the cost-sharing for selected insulin products counts toward deductibles and out-of-pocket maximums under the health plans. 4. It expresses the sense of Congress that subsequent legislation should provide an offset for any costs to the federal government resulting from this Act.

Health and Social Services

https://www.congress.gov/bill/118th-congress/senate-bill/954/all-info