The cap on the diabetes medication by the drugs giant could bring cost relief to million of Americans.
Drug giant Eli Lilly has announced a $35 cap on the monthly costs patients face for insulin in the US, responding to outcry over the soaring cost of the diabetes medication.Last year, the US passed a law capping monthly costs at $35 for people with certain government health insurance.
"While the current healthcare system provides access to insulin for most people with diabetes, it still does not provide affordable insulin for everyone and that needs to change," said David A Ricks, Lilly's Chair and CEO.He said the cap on monthly costs would go into effect immediately because it would take time for the insurance and pharmacy system to implement the price cuts.
Even after insurance discounts were taken into account, patients likely faced costs roughly four times the average elsewhere, it found.
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