The moves announced Wednesday promise critical relief to some people with diabetes who can face annual costs of more than $1,000 for insulin they need in order to live.
Lilly's changes also come as lawmakers and patient advocates pressure drugmakers to do something about soaring prices.
Patient advocates have long called for insulin price cuts to help uninsured people who would not be affected by price caps tied to insurance coverage. The cost of a prescription for generic Humalog ranges between $44 and close to $100 on the website GoodRx.Lilly CEO David Ricks said in a statement that it will take time for insurers and the pharmacy system to implement its price cuts, so the drugmaker will immediately cap monthly out-of-pocket costs at $35 for people who are not covered by Medicare's prescription drug program.
Neither company immediately responded to a request for comment Wednesday morning from The Associated Press. Research has shown that prices for insulin have more than tripled in the last two decades, and pressure is growing on drugmakers to help patients.last month. He called for insulin costs for everyone to be capped at $35.. Drugmakers also may face competition from companies like the nonprofit Civica, which plans to produce three insulins at a recommended price of no more than $30 a vial, a spokeswoman said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Eli Lilly caps the cost of insulin at $35 a monthThe move puts the drugmaker in line with a popular provision in the Inflation Reduction Act that capped the medication’s cost for seniors on Medicare.
Baca lebih lajut »
Eli Lilly caps the cost of insulin at $35 a month, bringing relief for millionsEli Lilly will cap the out-of-pocket cost of its insulin at $35 a month, the drugmaker said Wednesday. The move, experts say, could prompt other insulin makers in the U.S. to follow suit.
Baca lebih lajut »
Eli Lilly to cut insulin prices by 70%, cap monthly costs at $35The price reductions for the life-saving medication come amid criticism that unaffordable insulin may constitute a human rights abuse.
Baca lebih lajut »
Eli Lilly to cut insulin prices, cap costs at $35 for many people with diabetesAlthough insulin is relatively inexpensive to manufacture, the cost has been a problem for many Americans for years. At least 16.5% of people in the US who use it report rationing it because of cos…
Baca lebih lajut »
Eli Lilly to cut insulin prices, cap costs at $35 for many people with diabetes | CNNEli Lilly announced Wednesday a series of price cuts that would lower the price of the most commonly used forms of its insulin 70% and said it will automatically cap out-of-pocket insulin costs at $35 for people who have private insurance and use participating pharmacies.
Baca lebih lajut »
Eli Lilly to cut insulin prices by 70%, cap monthly cost at $35Some lawmakers have pushed for insulin prices to be capped. Eli Lilly said on Wednesday it will do so voluntarily.
Baca lebih lajut »