Virginia passes bill to set insulin prices at $50 per month, lowest price cap in U.S.

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Virginia passes bill to set insulin prices at $50 per month, lowest price cap in U.S.
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Virginia could be set to become the third state to cap prices on life-saving insulin if Governor Ralph Northam adds his signature to a new bill.

Virginia lawmakers have passed a bill that would see insulin prices capped at $50 per month, potentially making the state the third to set limits on the cost of the life-saving medication.

"This is aimed at providing relief for folks who have health insurance but still can't afford their medication," said Virginia Delegate Lee Carter during a hearing on the measure according to a Friday report from The Virginia Mercury."And with Medicaid expansion, that's going to cover a vast swath of Virginia's population."reached out to Northam for comment but did not receive a response in time for publication.

Diabetes results in little to no insulin, a vital blood-sugar-regulating hormone, being produced naturally by the body's pancreas. Diabetics are often forced to instead use a pharmaceutical source to survive.

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