In response to protests and concerns from those on medicare our federal government put a monthly cap of $35.00 on insulin costs. Currently the government is subsidizing costs for medicare in 2023.

So far 1 US maker of insulin and now 1 European maker has followed suit and agreed to cap costs on at least 1 type of insulin at $35.00 monthly cost by January 2024.

Some excerpts
Effective January 1, 2023, out-of-pocket costs for insulin are capped at $35 per monthly prescription among Medicare Part D enrollees under the Inflation Reduction Act (IRA).

A similar cap takes effect in Medicare Part B on July 1, 2023.

People also ask
Is there a cap on insulin prices in the United States?
$35
Eli Lilly announced they are lowering the cost of insulin by 70% and capping what patients pay out-of-pocket for insulin at $35. This action, driven by the momentum from the Inflation Reduction Act, could benefit millions of Americans with diabetes in all fifty states and U.S. territories.Mar 2, 2023

So clear as mud, like many things that come out of Washington, DC.

Good luck, hanging on till 2024 for the rest.

We always get screwed on medications costs in the USA.

I'm told by federal politicians that receive huge donations from Big Pharma, that the development costs for new medications are justified expenses and that we would have no new medications if Pharma could not pass on those expenses.

But even though generics such as insulin have been around for many years, it is okay for Pharma to increase our costs by 20 x to 100s x so that they can develop new medications.

It's not even a bit fishy that these same federal politicians get free insurance for life that pays for everything.

I guess that is enough of that rant.

I have seen some news that "some states" have capped (or are trying to) the cost of Insulin at 30 bucks or so but nothing on meds in general

This still sounds like a lot of "bull malarkey" from the US drug companies or their US Headquarters

The cost of insulin in Ontario from both companies who are being "so kind as to drop it to 35 bucks US", sell for $30 Canadian - currently under $22 US at today's exchange rate

Which means even with their "generous gesture" you are still paying over 50% MORE for insulin then if you walked into my pharmacy - so they are still picking your pockets pretty hard because you know they aren't "losing money" selling it at a loss in Canada