House committee mulls effectiveness of insulin price cap

A new Illinois law caps insulin prices for those with state-regulated insurance plans, but some lawmakers are saying that is not enough and more needs to be done to address prescription drug prices.

In January, Illinois became the second state in the country to cap insulin costs. The law caps out-of-pocket insulin costs at $100 per month, but only for people covered by a state-regulated insurance plan. That covers about 20% of the plans available in the state. As a result, many Illinoisans still pay much more for insulin.