U.S. Senator introduces bill to cut insulin prices [Seeking Alpha]
ProShares Ultra Nasdaq Biotechnology (BIB)
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Source: Seeking Alpha
U.S. Senator introduces bill to cut insulin prices - ProShares Ultra Nasdaq Biotechnology ETF (NASDAQ:BIB) | Seeking Alpha Healthcare U.S. Senator introduces bill to cut insulin prices Jul. 22, 2019 3:15 PM ET | ProShares Ultra Nasdaq... (BIB) Douglas W. House U.S. Senator Jeanne Shaheen (D-NH) has introduced a bipartisan bill The legislation would create a new pricing model that would restrict the use of rebates for any insulin product that the manufacturer reduces the price to a level no higher than that in 2006. The rebate restrictions would apply in Medicare Part D and private insurance. For all products that meet the list price reduction criteria, private insurance plans would also be required to waive the deductible. Future price increases would be limited to the amount of medical inflation. She introduced the bill with Senators Susan Collins (R-ME), Tom Carper (D-DE) and Kevin Cramer (R-ND). ETFs: GRX THW BME BIS IXJ ARKG CHNA IDNA XLV Selected tickers: Eli Lilly ( LLY +0.4% N
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