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Drugmaker Eli Lilly caps the cost of insulin at $35 a month, bringing relief for millions

Discussion in 'BBS Hangout: Debate & Discussion' started by Reeko, Mar 1, 2023.

  1. Reeko

    Reeko Member

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    Eli 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.

    The change, which Eli Lilly said takes effect immediately, puts the drugmaker in line with a provision in the Inflation Reduction Act, which in January imposed a $35 monthly cap on the out-of-pocket cost of insulin for seniors enrolled in Medicare.

    President Joe Biden praised the move in a tweet, calling on other drugmakers to also lower insulin prices. Biden made insulin costs a focus of his State of the Union speech last month.

    The American Diabetes Association also applauded the decision, and encouraged other insulin manufacturers to lower costs.

    Insulin makers have faced pressure frommembers of Congress and advocacy groups to lower the cost of the lifesaving medication.Insulin costs in the U.S. are notoriously highcompared 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.

    "Patients should have a consistent and lower cost experience at the pharmacy counter," David Ricks, Eli Lilly’s CEO, said on a press call Wednesday.

    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 than $35 a month in 2020 because of the pandemic.

    The 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.

    Ricks said that the decision came as a result of conversations between the company and members of Congress about the cost of the medication.

    The passage of the Inflation Reduction Act resulted in a "split situation" in the U.S., he said, where seniors benefited from a $35 out-of-pocket monthly cap, but people with private insurance and the uninsured did not.

    About 8.4 million people in the U.S. with diabetes rely on insulin, according to the ADA. Three drugmakers — Eli Lilly, Novo Nordisk and Sanofi — dominate the insulin market.

    Three out of 10 people with diabetes who rely on insulin use a product from Eli Lilly, Smith said.

    In November, Eli Lilly’s stock price dropped sharply after a fake tweet from an imposter account falsely claimed that the company was making insulin free, renewing focus on its cost.

    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 at no more than $30 a vial and no more than $55 for a box of five pen cartridges. The state of California also plans to make low-cost insulin, as does Mark Cuban Cost Plus Drug Co., which sells drugs at low costs online.

    “Eli Lilly definitely sees the writing on the wall,” Levitt said.

    Stacie Dusetzina, a health policy professor at Vanderbilt University Medical Center in Nashville, Tennessee, agreed that the move was most likely driven by increased competition.

    https://www.nbcnews.com/news/amp/rcna72713
     
  2. Reeko

    Reeko Member

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    meanwhile, let’s not forget…

    [​IMG]

    1 group actually cares about improving the lives of American citizens
     
    Andre0087, ROCKSS and FranchiseBlade like this.
  3. astros123

    astros123 Member
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    This is the result of strong anti trust enforcement finally. I keep preaching to the choir the solution to America is strong anti trust enforcement to Crack down on corporate greed
     
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  4. pgabriel

    pgabriel Educated Negro

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    I'm diabetic. I have type 1, I produce no insulin. There are 2 types of insulin, one that functions over a period of time, one that acts quickly to bring down blood sugar immediately.

    Walmart sells both types for $25. I don't know why they don't advertise this more. They've been selling it at this price for about eight years. Both are about a month's supply. Some people might run through the fast acting insulin more quickly but not that much more quickly.

    Another poster, a diabetic said some people might not like the faster acting insulin but I would say it would just be a matter of adjusting.

    I'm not making any qualitative judgements other than I don't understand why people don't know about Walmart prices.

    My mother a retired RN but just an informed person told me about it. I don't go to the doctor as much as I should but they seem not to know. Insulin is just insulin, it's a replacement of something your body produces. All the synthetic insulins are pretty much all the same
     
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  5. FranchiseBlade

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    There are more than two types. There is the long acting one that you mentioned and the short acting insulin that you mentioned.

    There is a also the Humalog or Novalog that is also quick acting but different than the short term.

    There might be other types as well.

    I'm also type 1 diabetic, but my treatment path might be different than yours.
     
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  6. pgabriel

    pgabriel Educated Negro

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    From CDC



    https://www.cdc.gov/diabetes/basics/type-1-types-of-insulin.html

    The. The different types of insulin. The differences are just in the times they kick in. The doctor can adjust to you lifestyle but it's just about eating habits.
     
  7. astros123

    astros123 Member
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    To understand why this happened read this thread. If you listen to libertarians @Space Ghost regulatory regulations are bad when in reality its the polar opposite. Allowing monopolies and corporations to dictate our lives isn't "capitalism" by any means.

    Bullying corporations works every time.
     
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  8. Space Ghost

    Space Ghost Member

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    WTF are you talking about? I support FAIR and meaningful regulation and encourage it. Safety and building codes are paramount. We need to dismantle the whole medicine cartels, starting with insurance companies.

    Beating up a company because you don't like their political beliefs is very unfair.
     
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  9. gifford1967

    gifford1967 Member
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    [​IMG]
     
    #9 gifford1967, Mar 1, 2023
    Last edited: Mar 1, 2023
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  10. astros123

    astros123 Member
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    You thought the DOT bullying airlines into booking children for free was "unfair" cmon ! Libertarians like yourself and anti monopolist like myself have alot in common if you dig into it.

    Corporate America is screwing us
     
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  11. glynch

    glynch Member

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    their political beliefs that their FRREDOM !! to charge whatever they like regardless of how many deaths it causes ?!
     
  12. glynch

    glynch Member

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    Well you would think, but their simplistic near religious belief is that markets are always self regulating. and After all, the diabetics are free not to choose to buy insuline. If too poor that was due to their choices also. They only got to simple supply and demand Econ, monopolies were not covered.
     
    #12 glynch, Mar 1, 2023
    Last edited: Mar 2, 2023
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  13. FranchiseBlade

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  14. FranchiseBlade

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    astros123 likes this.
  15. pgabriel

    pgabriel Educated Negro

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    I know that but the only difference is time. That's an easy adjustment for someone to make if they had to.

    They are all fast acting, just how fast

    Edit: I don't mean to continue that past conversation but you were responding to me like I'm unsympathetic to people's different reactions to different fast acting insulins when it's a simple adjustment if you have to. One acts in fifteen minutes, one in 30 minutes. A fifteen minute adjustment.
     
    #15 pgabriel, Mar 1, 2023
    Last edited: Mar 1, 2023
  16. FranchiseBlade

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    Except, that isn't the only difference. There are different peak times. Depending on people's work schedules, lifestyles, family requirements, etc. It can make a huge difference in getting blood sugar under control.

    I know because I've lowered my A1C by more than 1.5. I do see my physician with the regularity that I should as well as my endocrinologist.

    I'm not a physician and neither are you. But I do live in the United States and deal with controlling my type 1 diabetes.
     
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  17. pgabriel

    pgabriel Educated Negro

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    The peak time is the same thing I'm referring to. All it changes is the time you take it. If your blood sugar is 300 or 250 or whatever, you adjust the amount. Depending on the time it peaks, you take it at the same time every meal. Not a hard adjustment
     
    #17 pgabriel, Mar 1, 2023
    Last edited: Mar 2, 2023
  18. Sweet Lou 4 2

    Sweet Lou 4 2 Member

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    Do you have insurance or do you pay out-of-pocket?
     
  19. pgabriel

    pgabriel Educated Negro

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    I have insurance but at $25 I pay out of pocket. I just don't see the doctor but your insulin intake really doesn't change. It's really based on weight.
     
  20. Sweet Lou 4 2

    Sweet Lou 4 2 Member

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    So it's OTC?

    Why would someone want prescription insulin if they can get it OTC?
     

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