States are trying to cap the price of insulin. Pharmaceutical companies are pushing back.
Aug 21, 2020 —
Tennessee state Rep. Jason Hodges wrote a bill to forbid any pharmacy in Tennessee from charging more than $100 for a 30-day insulin supply, thinking that would force drug companies to lower their prices.
Hodges secured enough votes for his bill to set a $100 price ceiling — not a copay cap — at its first reading. But in June he decided to pull the bill, after colleagues whose support he counted on told him they would no longer vote for it. “I refused to change the bill, and so at that point pharmaceutical companies were very opposed to it,” he said.
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