New Mexico Introduces Nation’s Lowest Insulin Co-pay
New Mexico Governor Michelle Lujan Grisham signed into law legislation that makes the state’s out-of-pocket costs for insulin the lowest in the country.
The new legislation caps co-pays and out-of-pocket expenses for a 30-day supply of insulin at $25. The bill will take effect on Jan. 1, 2021.
New Mexico is the second state this year to cap insulin costs. Illinois previously capped the cost to patients of a 30-day supply at $100. That copay will increase every year in line with inflation.
Several other states have introduced bills that would cap out-of-pocket insulin costs, including Connecticut, which would cap costs at $50.