2021 insulin costs cap in Illinois
A newly-enacted law in Illinois changes the Illinois Insurance Code to cap out-of-pocket insulin costs at $100 per month for all patients using a state regulated insurance plan. Sen. Andy Manar, D-Bunker Hill, was chief sponsor of the Senate bill and says the legislation shows that Illinoisans don’t have to accept costly prescriptions.
“People spoke up and told their stories,” said Manar. “That’s why this legislation passed. It didn’t become law without their effort.”
The law applies regardless of the amount of insulin or type of covered prescription insulin drug used to fill the insured’s prescription. The law orders the Illinois Departments of Insurance, Human Services, and Healthcare and Family Services to create a public insulin pricing report to control and prevent overpricing of insulin prescriptions.