“Insulin belongs to the world, not to me.”
Feb 13, 2020 —
Dr.Frederick Banting intended insulin to be distributed free when he discovered it in 1921. When he sold his patent for $1, Banting famously said, “Insulin belongs to the world, not to me.”
For several years after 1921, insulin manufactures did sell insulin at cost. For Seventy years, insulin prices virtually remained the same, at times, not even increasing with inflation.
In 1996, prices of insulin started to double and triple. The price for one vial of Eli Lilly's Humalog surged from $35 in 2001 to $234 in 2015. From 2013 to this year, Novo Nordisk's Novolog jumped from $289 to $540 and Sanofi’s Lantus from $244 to $431.
April 2019, the subcommittee on oversight and investigations did hold a hearing on the high cost of insulin. Soon after that hearing, H.R. 4906; The Insulin Price Reduction Act was introduced to Congress. The bill has been moved to the Ways and Means Committee and the Energy and Commerce committee. The bill has been sitting there since October 2019.
We must get this bill passed into law NOW. I am asking you to contact your representatives and tell them; MAKE H.R. 4906 LAW NOW! In addition to your representatives, contact:
House Committee on the Ways and Means - (202) 225-3625
Committee Ways and Means Chairman, Representative Richard Neal - (202) 225-5601
House Committee on Energy and Commerce - (202) 225-2927
Committee Energy and Commerce Chairman, Representative Frank Pallone, Jr. - (202) 225-4671
Co – Sponsor H.R. 4906 - Representative Diana DeGette - (202) 225-4431
This year, politicians are campaigning to be re-elected. If they want to stay in office, they must make this bill law! Call your representatives and demand they make H.R. 4906 law now!
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