President Joe Biden is showing appreciation for Eli Lilly after the company's announcement earlier today that they will cap insulin costs.
The company announced the plans Wednesday, and plan to hold a press conference later this morning to expand on the decision.
According to a release, the move was put in place to help people living with diabetes that often face annual costs of more than $1,000 for the life-saving insulin they need. That cap applies to people with commercial coverage. Lilly said people without insurance can find savings cards to receive insulin for the same amount at its InsulinAffordability.com website.
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Eli Lilly cuts the price of insulin, capping drug at $35 per month out-of-pocketThe 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.
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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.
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Eli Lilly cuts insulin prices up to 70% amid pressure to slash costsEli Lilly will cut the price of its most commonly prescribed insulin products by 70% and expand a program that caps patient costs at $35 per month, the company said on Wednesday. MORE ⬇️
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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…
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Eli Lilly cuts insulin prices up to 70% amid pressure to slash costsCORRECTION: Eli Lilly will cut the price of its most commonly prescribed insulin products by 70% and expand a program that caps patient costs at $35 per month, the company says.
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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.
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