Senator Haskell Co-Sponsors Bill to Cap Insulin Costs at $50

Senator Haskell Co-Sponsors Bill to Cap Insulin Costs at $50

HARTFORD, CT – Today, State Senator Will Haskell (D-Westport) commended colleagues State Senator Matt Lesser (D-Middletown) and State Representative Sean Scanlon (D-Guilford), the co-chairs of the legislature’s Insurance and Real Estate Committee, as they led passage in committee of a proposed bill to cap the cost of insulin prescriptions at $50, the lowest cap in the country. The insulin legislation, Senate Bill (SB) 1, is co-sponsored by Sen. Haskell and passed in a bipartisan 17-1 tally. It will address the dire problem that one in four type 1 diabetes patients ration their insulin. The bill will now move to the state Senate for a vote.

Capping Insulin Prescriptions at $50

The bill, SB 1, contains several provisions to help diabetes patients and their families afford insulin.
They include:

Capping insulin costs including for all insulin and diabetes supplies at $150/month. This would be the toughest cap in the country.

  • Insulin is $50 per 30 day.
  • Non-insulin drugs (glucose) is $50 per 30 day.
  • Devices/equipment is $100 per 30 day.
  • Insulin + devices is $100 per month.

Allowing patients to go to a pharmacist up to three times a year on an emergency basis to get insulin filled without a prescription. Insurance must cover the cost up to 3 times a year for their policyholders. Everyone would have access to emergency insulin if they go to a pharmacist.

Bill language was released in February following an announcement of the bill by state Senate Democratic Caucus in January. This proposal is priority number one for Senate Democrats for the 2020 legislative session. It is also priority No. 1 for the thousands of Connecticut residents suffering from diabetes, struggling to afford life-saving insulin due to outrageously high prices.

“We cannot allow thousands of people to continue to choose between life-saving medication like insulin and paying their bills,” said Sen. Haskell. “This is a disparity we must stop, and I am thankful Sen. Lesser and Rep. Scanlon are fighting to do just that. I will proudly vote for this legislation when it reaches the Senate floor.”

“Today, Connecticut is one step closer to having the strongest insulin cap in the country,” said Sen. Lesser. “Insulin isn’t optional, this bill will save lives. I’m grateful to the support from our Committee members and look forward to carrying Senate Bill 1 forward in the Senate.”

“Today’s vote gets us one step closer to making sure that no one in Connecticut ever has to worry about being able to afford the insulin they need to survive again,” said Rep. Scanlon. “Whether it’s a senior rationing their insulin because they can’t afford it or the young man who said he pays more for insulin each year than on his tuition to one of our state universities, it’s clear from what we’ve heard that we need to act and I’m glad we are.”

This timely proposed legislation comes as excessive insulin costs are severely impacting Connecticut’s diabetes patients. According to Health Care Cost Institute, the cost of insulin nearly tripled between 2002 and 2013, then doubled from that from 2012 to 2016. According to the AARP, “Americans with diabetes, the majority of whom are older adults, face insulin prices that average more than $5,000 per year.” Diabetes is the seventh-leading cause of death in Connecticut. This proposed legislation will save lives in Connecticut, ensuring the 11.4 percent of state’s population with diabetes, and 36.5 percent with prediabetes, can afford Insulin without having to adopt the unsafe practice of rationing their medicine.

Across the country, state governments are grappling with bringing down insulin costs. According to the AARP, last year Colorado passed legislation to cap out-of-pocket cost for insulin at $100 for a 30-day supply. According to a CNN report, Virginia’s House of Delegates passed legislation preventing insurance companies from charging co-pays over $30 for a 30-day insulin supply, Tennessee lawmakers introduced a bill to ensure patients do not have to pay over $100 for a 30-day supply of the drug and Illinois passed a bill capping Insulin costs as well.

Senator Anwar Releases Statement Regarding Metropolitan District

Senator Anwar Releases Statement Regarding Metropolitan District

Today, State Senator Saud Anwar (D-South Windsor) issued the following statement in advance of a vote Monday night by the Metropolitan District to grant Niagara bottling company of Bloomfield a potential 50 percent discount on water resources. That, combined with a recent rate hike of 14 percent, has led legislators to have issues with MDC leadership. A bill that would revise state statutes assisting with the founding of the MDC and re-examining its structure is currently being developed in the state legislature’s Planning and Development Committee.

“My concern is that the price of water for a larger company would be less than what Connecticut customers would pay,” Sen. Anwar said. “This is unfair and unacceptable. I also want to make sure there is protection in case of drought. While this appears unlikely, it’s worthwhile to make sure that if it happens, the people of Connecticut will be first in line for water, not an out-of-state company.”

 

Senator Anwar Addresses Letter to Hartford Courant Owners Expressing Concern Over Corporate Ownership, Need For Journalism in Modern Democracy

Senator Anwar Addresses Letter to Hartford Courant Owners Expressing Concern Over Corporate Ownership, Need For Journalism in Modern Democracy

Today, State Senator Saud Anwar addressed a letter to leaders of the firm currently holding a majority investment stake in the parent company of the Hartford Courant, among others, expressing concern over the firm’s ineffective management approach and citing a need for effective journalism to support a modern democracy.

In the letter to Heath B. Freeman, president and director of Alden Global Capital LLC, and Randall D. Smith, founder and chief of investments for Alden Global Capital, Sen. Anwar noted issues with the firm’s “slash-and-extract-cash” business model applied to newspapers while journalists perform award-winning work and said the business model is bad for “newspapers, journalists, our communities and our democracy.”

“Informed citizens are the most critical part of our democracy and for our democracy to remain effective and functional, we need newspapers and independently functioning journalism,” Sen. Anwar wrote. “It’s become clear that while journalists at the Hartford Courant continue to do award-winning work, Alden’s business practices threaten the very existence of the newspaper.”

Sen. Anwar concluded the letter by noting if Alden is unwilling to invest in the Hartford Courant, its board can seek another partner “willing to protect the newspaper, the journalists, the staff and the values” supported by the newspaper since its inception.

The full text of the letter is included below.


Date: March 2nd, 2020

Mr. Heath B. Freeman
President & Director
Alden Global Capital LLC
885 Third Avenue #34
New York NY 10022

Mr. Randall D. Smith
Founder & Chief of Investments

Alden Global Capital LLC
885 Third Avenue #34 New York NY 10022

Dear Mr. Freeman and Mr. Smith:

I am writing to share my concerns about the future of Hartford Courant, the oldest continuously published newspaper in the United State, and the largest daily newspaper in the state of Connecticut. During Alden Global Capital’s tenure as the major investor in MediaNews Group, which owns more than 100 newspapers, Alden has imposed a slash- and-extract-cash business model that is devastating the papers. The cutting staff to the bone and selling valuable assets, the company has invested the newspapers’ earnings in unrelated assets such as Peabody Energy, Fred’s, Inc. (a pharmacy chain) and Payless shoe store, not to mention Greek sovereign debt and mortgage-backed securities. This disinvestment has impaired the papers and the communities they serve.

I am highly concerned Alden is the largest shareholder in Tribune Publishing, which owns the Hartford Courant and 10 other daily newspapers, including the Chicago Tribune and New York Daily News. Newspapers are public good and fulfill an important responsibility to cover local perspective, are an ingredient of community development, connecting people in local communities, providing news updates on town, state government and national news. Informed citizens are the most critical part of our democracy and for our democracy to remain effective and functional, we need newspapers and independently functioning journalism.

Alden’s business strategies are already showing their impact in Tribune Publishing, which offered employee buyouts two months after Alden acquired its 32 percent stake in the company. Weeks later, chief financial officer Terry Jimenez replaced Tim Knight as chief executive officer and executed his own round of cuts, slashing at least six Tribune Publishing executives.

In February, another leadership shakeup hit the Chicago Tribune with the departures of Editor-in-chief Bruce Dold and Managing Editor Peter Kendall. Colin McMahon, senior vice president and chief content officer for Tribune Publishing, took over as editor in chief.

It’s become clear that while journalists at the Hartford Courant continue to do award-winning work, Alden’s business practices threaten the very existence of the newspaper.

These developments are not simply the result of economic forces beyond Alden’s control: They reflect a business model that is bad for newspapers, journalists, our communities and our democracy.

I am shocked to learn through, The Washington Post reports that Alden is under investigation by the U.S. Department of Labor for investing nearly $250 million of employees’ pension savings in other Alden funds.

If Alden is unwilling to make the needed investments in the Hartford Courant, I believe that the Hartford Courant board can always seek another partner, that is willing to protect the newspaper, the journalists, the staff and the values that have been lived by this institution since its inception.

Sincerely

Senator Saud Anwar