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The bill would mandate that the government negotiate with drug makers about the price of insulin, both in the Medicare program and for the open insurance market. It also includes many other mechanisms intended to lower the price of insulin and other drugs.
Four insurers have introduced a cap on monthly insulin costs, but the federal government’s move to change regulations around high-deductible insurance plans may have the biggest long-term impact.
Qualifying plans which offer the option of health savings accounts can provide pre-deductible coverage for some care for chronic conditions like diabetes, according to a new rule issued by the U.S. Treasury Department.