Graphic
Published April 18, 2024
Biden v. Trump on Seniors’ Insulin Prices
During the Trump Presidency in 2020, seniors with Medicare drug plans paid an average of $54 per month for their insulin, with some paying up to $116 per month.1 With the passage of the Inflation Reduction Act, President Biden and Congressional Democrats capped the monthly cost of insulin for all seniors at $35 a month.
The result: significant savings for America’s seniors.
Endnotes
Average monthly insulin costs from Cubanski, Juliette and Anthony Damico. “Insulin Out-of-Pocket Costs in Medicare Part D.” KFF, 28 Jul. 2022. https://www.kff.org/medicare/issue-brief/insulin-out-of-pocket-costs-in-medicare-part-d/. Accessed 15 Feb. 2024.
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