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Imagine Donna Reidâs elation last year when she learned of a new state law that could save her almost $1,500 annually.
Signed by Gov. Ralph Northam a year ago, the measure enacted by the Virginia General Assembly put a cap on diabeticsâ copayment cost for insulin.
Beginning Jan. 1, it was supposed to be $50 per month âfor insulin and insulin products.â And that was potentially meaningful for hundreds of thousands people who suffer from Type I or Type II diabetes.
Among those looking forward to that law in April 2020 was the American Diabetes Association.
âInsulin has tripled in price between 2002 and 2013, forcing far too many Americans to make hard choices when it comes to the medication they need to live,â the group said in a news release back then. âWith one in 10 Virginia adults living with diagnosed diabetes, the skyrocketing cost of insulin is something the state cannot ignore.â