Federal law caps insulin costs for low-income Idahoans
“As part of the federal Inflation Reduction Act, people around the country, including Idaho, are now paying less for insulin. A provision that took effect on Jan. 1 caps the cost of a month’s supply of insulin at $35 for people on Medicare Part D, according to a press release from White House Regional Communications Director Haris Talwar. And on July 1, people on Medicare Part B will get the same cap. In Idaho, about 7,927 people enrolled in Medicare Part D and Medicare Part B would qualify for those savings, which would average $606 per year, according to data from the office of the assistant secretary for planning and evaluation. That equates to a total of $4.8 million in savings per year.”