I applaud efforts to lower the costs of life-saving insulin for diabetic patients, but I am appalled at the notion that this will fix the problem or be paid for by anyone but the general public. According to this NPR article:
“Insurance companies will have to absorb the balance…” [of insulin costs]
If the public is so stupid as to believe that the costs of this legislation will be borne by insurance companies, and not passed on to consumers in the form of higher insurance rates, then our public school system needs to be replaced. In addition, this legislation will do nothing to prevent the high costs of insulin; it will just force the rising costs onto others.
Don’t get me wrong; this is in part how insurance works. It distributes risk, and as a result some pay more and some pay less relative to the services received, but all are protected from catastrophic risk. What I object to is a politician claiming credit for this change – a change that doesn’t really fix the root problem (which is the lack of competition among insulin manufacturers/suppliers).
Read this legislation for what it is: political propaganda, at our expense. A politician has claimed to “fix” something by forcing the costs onto us, the the public.
Please vote this idiot out of office at the next election.