JUST IN: Eli Lilly & Co. said it will cap out-of-pocket costs at $35 per month effectively immediately at certain retail pharmacies for people with private insurance.
"So that's why this issue I think has been such a hot topic," Ricks said in an interview with CNN."And why insulin has become such a pivotal issue in terms of drug affordability."
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Democrats in Congress had pushed to cap insulin at $35 per month last summer for people with private insurance, but Senate Republicans killed the measure. Rep. Cathy Rodgers of Washington, the Republican chair of the House Energy and Commerce Committee, dismissed Biden's February call to cap prices for everyone as"socialist" and a"federal mandate."
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