Trump cuts insulin prices for Medicare enrollees to $35 a month

by Jordyn Pair · May 27th, 2020 3:35 pm

Insulin will now cost just $35 a month for people enrolled in Medicare, President Trump announced Tuesday.

A deal struck with the nation's insulin manufacturers and health care providers drops the co-pay to $35 a month, a 66% reduction from current costs, according to White House Counselor Kellyanne Conway.

There are approximately 3 million people on Medicare that have diabetes.

"Having more predictable out of pocket costs will help seniors adhere to their doctor's orders," Conway told reporters on a briefing call.

The change will be effective starting January 2021 and will save enrollees an average of $446 a year, according to Seema Verma, administrator of the Centers for Medicare and Medicaid Services.


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