New Indiana bill would cap the price of insulin

New Indiana Senate bill would cap insulin price

INDIANAPOLIS (WISH) — A proposed new bill would cap the price of insulin at $50.

It was introduced on Jan. 15 and would save some people from paying hundreds of dollars out of pocket every month just to get one bottle of insulin.

Some of the prices per dispenser are between $100 and $300.

Harry Rybolt said if he lost his insurance he would be paying between $300 and $500 per bottle. He uses three bottles a month.

Rybolt’s son died six months ago. He was a Type 1 diabetic and was waiting for his insurance to kick in at his new job.

The toxicology report says he died from Ketoacidosis. Rybolt says his son wasn’t able to afford insulin.

“It’s ok thing to bury a parent and I know a lot of people bury their children for accidents and illnesses but you’re not supposed to bury your children,” he said. “It’s just ridiculous and it’s just greed is killing.”

Senator J.D. Ford is a co-author of the bill. He explained the importance of a decrease if the cost of insulin.

“Hoosiers are dying because they cannot afford the insulin they need,” he said. “These unnecessarily expensive vials of insulin are a public health crisis and the Indiana General Assembly has the opportunity to actually make an impact on the lives of our constituents who need this life-saving drug.”

Right now three other Democrats support the bill. The bill is 25% on its way through the Indiana Senate.