House passes bill to cap insulin prices

House Speaker Nancy Pelosi spoke about the bill to cap insulin prices during her weekly press conference on Capitol Hill on Thursday.

Win McNamee / Win McNamee

The House of Representatives voted Thursday to approve legislation that would limit cost-sharing for insulin under private health insurance and Medicare. The vote was 232-193, with 12 Republican members joining their Democratic colleagues to pass the measure.

The Affordable Insulin Now Act would cap insulin prices at either $35 a month or 25% of an insurance plan’s negotiated price — whichever is lower. The legislation aims to take effect in 2023 but its fate in the Senate remains unclear.

“This is a kitchen table issue, “House Speaker Nancy Pelosi, D-Calif., said to reporters ahead of the bill’s passage on Thursday.