[ST. PAUL, MN] – After years of calling on pharmaceutical manufacturers to address the skyrocketing cost of insulin, Governor Tim Walz today released a statement on Eli Lilly’s decision to cap the monthly out-of-pocket cost of insulin at $35.

“This decision is long overdue but welcome news for Minnesotans. Three years ago, I signed the Alec Smith Insulin Affordability Act into law to provide relief to Minnesotans struggling to afford their insulin and called on Big Pharma to follow our state’s lead,” said Governor Walz. “Today, Eli Lilly is doing the right thing – no one should be priced out of life-saving medicine.”

In April 2020, Governor Walz signed the Alec Smith Insulin Affordability Act into law to provide relief to Minnesotans struggling to afford their insulin. With the price of insulin tripling over the past 10 years, Governor Walz and Lieutenant Governor Peggy Flanagan worked tirelessly with insulin advocates to call attention to this urgent issue, keep up the pressure, and get the bill passed through the legislature.