PolitiFact s ruling: True
Here s why: More than 7 million Americans require insulin to treat their diabetes but some people struggle to afford the cost.
On Jan. 14, 2021, Sen. Chuck Grassley, R-Iowa, tweeted, 2day Sen Wyden & I released Finance Cmte report on INSULIN costs Prices hv gone THRU THE ROOF for patients/taxpayers bc of manufacturer, health plan & PBM biz practices They make $$ as % of ballooning list price so no incentive to lower price on 100 yr old drug.
Grassley has a history of attempting to lower the cost of the drug, and Sen. Ron Wyden, D-Oregon, worked with him as the ranking minority member on the Senate Finance Committee when Republicans controlled the Senate.