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Photo: Daniel Sorabji/AFP/Getty Images

Colorado Gov. Jared Polis signed a bill on Wednesday capping the out-of-pocket cost of insulin at $100 per month, making it the first state in the country to take such action, reports the Denver Post.

Why it matters: Axios' Caitlin Owens says people with diabetes are dependent on insulin, and as the price of the decades-old drug has increased, it has created problems for those who must take it, but can't afford it. Insulin is the classic outrage-inducing case of an old drug being marked up for no reason, with a hugely significant impact on patients who need it.

The backdrop: Diabetics have been using insulin for nearly a century, but the cost of the prescription drug has doubled since 2012 and is up to $1,000 under some health insurance plans, per the Denver Post.

Details: The new law still allows drugmakers to charge as much as they want for insulin, but insurance companies are expected to absorb the brunt of the cost, per the Denver Post.

Go deeper: Insulin prices propel higher spending among diabetics

Go deeper

The new Washington

Illustration: Sarah Grillo/Axios

The Axios subject-matter experts brief you on the incoming administration's plans and team.

Rep. Lou Correa tests positive for COVID-19

Lou Correa. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Lou Correa (D-Calif.) announced on Saturday that he has tested positive for the coronavirus.

Why it matters: Correa is the latest Democratic lawmaker to share his positive test results after last week's deadly Capitol riot. Correa did not shelter in the designated safe zone with his congressional colleagues during the siege, per a spokesperson, instead staying outside to help Capitol Police.

Far-right figure "Baked Alaska" arrested for involvement in Capitol siege

Photo: Shay Horse/NurPhoto via Getty Images

The FBI arrested far-right media figure Tim Gionet, known as "Baked Alaska," on Saturday for his involvement in last week's Capitol riot, according to a statement of facts filed in the U.S. District Court in the District of Columbia.

The state of play: Gionet was arrested in Houston on charges related to disorderly or disruptive conduct on the Capitol grounds or in any of the Capitol buildings with the intent to impede, disrupt, or disturb the orderly conduct of a session, per AP.