The co-chairs of the Diabetes Caucus, Congresswoman Diana DeGette (D-CO) and Congressman Tom Reed (R-NY), are conducting an inquiry to determine the causes of rising prices for insulin, a life-saving drug for millions of Americans living with diabetes. Average insulin prices nearly tripled between 2002 and 2013, and many patients are also facing high prices due to steep deductibles, coinsurance and formulary exclusions.
Representatives DeGette and Reed sent letters in June requesting meetings from three key stakeholders: the Pharmaceutical Research and Manufacturers of America (PhRMA), the Pharmaceutical Care Management Association and America’s Health Insurance Plans. These are the major trade associations for the pharmaceutical industry, the pharmacy benefit managers and the health insurance industry, respectively.
An Ongoing Effort
After meeting with top officials from these three organizations, the members released key findings summarizing what was discussed in these meetings and an additional meeting with the American Diabetes Association. These key insights now serve as a launching pad for further conversations and fact-finding on this complex problem. The goal is to collect all the information necessary to develop meaningful, bipartisan policies that will make a difference for people with diabetes and their families.
Representatives DeGette and Reed will continue their search for answers and solutions to the question of rising insulin prices. As their inquiry continues, this page will be updated with further documents and news links.
For more information, email Insulin.Inquiry@mail.house.gov
In The News