Diabetes continues to be one of the world's deadliest diseases, killing millions of people each year.

This is due to the fact that insulin prices continue to go up and so does the price patients have to pay out of pocket to get their medication.

"My co-pay was $300 and that's a lot," Emile Sloboda said.

Sloboda has Type 1 Diabetes and he's been taking insulin for 40 years. Throughout those years, he's seen prices skyrocket.

"It doesn't make sense at all. People out there are rationing insulin and dying," Sloboda said.

Dr. Alan Parsa says he knows of patients who spend 700 dollars per month on insulin, and it's causing them to cut back because they can't afford it.

Slobada says he can't believe the government allows companies to sell life-saving medication at such high costs.  

"Because of that you can come into a lot of problems especially Type 1 diabetics who can end up in the hospitals and I've seen patients ending up in the hospital because they're afraid of running out of insulin," Dr. Parsa said.

According to the CDC, 30 million Americans live with the disease, including 1 in every 4 adults. Dr. Parsa says its a big problem that needs to be solved before more patients end up dead.

"One of the big problems that we see one of the number one diabetic killers in the world are patients developing heart disease and dying from heart attacks," Dr. Parsa said. 

Slobada hopes lawmakers will soon prioritize the problem, and cap the cost companies can charge for the product.

"Not only do you have people like myself who have been taking insulin for 40 years and will keep paying them for my life, but every year in the U.S. alone, 40,000 new Type 1 diabetics are diagnosed mostly children," Sloboda said. 

On Friday KITV4 spoke with state lawmaker and health committee chair John Mizuno.

Mizuno has told KITV4 that he is aware of the issue and has already drafted a bill to introduce next year that would cap the cost of co-pay for insulin to no more than $100 per month.