S 954 118th Congress Senate Health Health care costs and insurance Prescription drugs

Affordable Insulin Now Act of 2023

Introduced: March 23, 2023 Introduced by: Warnock, Raphael G. Democratic · Georgia See on congress.gov

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Nov 30, 2023

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-511.

Mar 23, 2023

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Mar 23, 2023

Introduced in Senate

Plain-English summary Congressional Research Service

Affordable Insulin Now Act of 2023

This bill limits cost-sharing for insulin under private health insurance and establishes a program to provide insulin to individuals without insurance.

Specifically, the bill caps cost-sharing under private health insurance for a month's supply of selected insulin products at $35 or 25% of a plan's negotiated price (after any price concessions), whichever is less, beginning in 2024.

Further, the Department of Health and Human Services (HHS) must enter into agreements with pharmacies or health care providers to provide insulin to individuals without insurance. HHS must pay such pharmacies or providers an amount equal to the difference between the out-of-pocket cost to the individual for a 30-day supply of such insulin products and $35.

What's happening now November 30, 2023

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-511.

Committees of jurisdiction 2