BREAKING: Eli Lilly will cap the out-of-pocket cost of its insulin at $35 a month, the drugmaker says.
compared to the costs in other countries; the RAND Corporation, a public policy think tank, estimated that in 2018, the average list price for one vial of insulin in the U.S. was $98.70.
Three of 10 people with diabetes who rely on insulin use of one Eli Lilly's products, the company says.The cap automatically applies to people with private insurance. People without insurance will be eligible as long as they sign up for Eli Lilly’s copay assistance program. That program began providing insulin to patients — regardless of their insurance statuses — for no more thanThe cap applies to all of Eli Lilly’s insulin products, said Kelly Smith, a spokesperson for the company. In addition to the cost caps, the company will lower the list price for several of its products, including Humalog, this year.American Diabetes AssociationThree out of 10 people with diabetes who rely on insulin use a product from Eli Lilly, Smith said.
In addition to political pressure, Eli Lilly also faces the threat of competition from outside the industry, said Larry Levitt, the executive vice president for health policy at KFF, formerly known as the Kaiser Family Foundation. Civica Rx, a nonprofit company in Lehi, Utah, said last year that it plans to make and sell generic versions of insulin to consumers
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