Lilly Cuts Insulin Price by 70%, Caps Out-of-Pocket Cost

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Lilly Cuts Insulin Price by 70%, Caps Out-of-Pocket Cost
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Lilly will cut prices for most of its insulins in the US by 70% and cap out-of-pocket costs for insulin at $35 per month. insulin4all

Eli Lilly will cut prices for most of its insulins in the US by 70% and cap out-of-pocket costs for insulin at $35 per month, the company"Lilly is taking these actions to make it easier to access Lilly insulin and help Americans who may have difficulty navigating a complex healthcare system that may keep them from getting affordable insulin," the company said in a statement.

The company says it will cut the list price of its nonbranded Insulin Lispro Injection 100 units/mL to $25 a vial, effective May 1, 2023. The list price of the branded Humalog 100 units/mL will be cut by 70%, effective in the fourth quarter of 2023. have shown that up to 25% of people with type 1 diabetes ration insulin because of costs, putting their health and often their lives in jeopardy.to say it plans to sue these big three companies over the high price of insulin and has announced plans to make its own cheaper versions.

#insulin4all is a worldwide campaign to ensure that people with type 1 diabetes have access to affordable insulin and other supplies needed to manage the condition, such as glucose strips. It is supported, among others, by the advocacy group T1International.

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