The changes could help around 2 million people pay for the life-sustaining drug.
Although many people, including some 3.3 million on Medicare, already pay $35 a month or less for insulin, about 1-in-5 with private insurance and the 17% of insulin users who are uninsured stand to benefit.
The insulin products currently cost hundreds of dollars a month. Humalog reportedly has a list price of $530 for a five-pack of injection pens and $274 for a vial, though the company said it only costs less than $95 a month for patients with commercial insurance and Medicare. While the $35 price is only available in pharmacies participating in the company’s insulin value program, Ricks said patients using other pharmacies can receive a rebate through the drugmaker’s website.
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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 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 cuts insulin prices up to 70% amid pressure to slash costsThe move follows criticism from federal lawmakers and advocacy groups.
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Eli Lilly cuts insulin prices up to 70% amid pressure to slash costsBREAKING Eli Lilly cuts insulin prices up to 70% amid pressure to slash costs
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Eli Lilly cuts insulin prices up to 70% amid pressure to slash costsThe move follows criticism from federal lawmakers and advocacy groups.
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Eli Lilly to cap monthly insulin cost at $35, slash some prices by 70%The announcement, which the company said is effective immediately, comes at a time when there has been widespread criticism over the price of the drug.
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