The Damage Report
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Big Pharma FINALLY Makes Jaw-Dropping Drug Drop
Posted
March 19, 2023
Views
10,769
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679
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March 19, 2023
10,769
679
98
7.22%
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7:31Now PlayingBig pharma companies are announcing slashing prices on insulin and insulin pens following President Bidens original initiative. Francesca Fiorentini and Jayar Jackson break it down on The Damage Report.
Read more here:
Novo Nordisk becomes latest to announce it is cutting insulin prices by up to 75%
"CNN — Novo Nordisk said Tuesday it will slash the list prices of several of its popular pre-filled insulin pens and vials by up to 75%, becoming the latest drugmaker to reduce the cost of the critical medicine for diabetes patients. The change will take effect January 1.
However, the company did not announce an expansion of its programs that cut patients’ out-of-pocket costs, which has been a focus of President Joe Biden and congressional Democrats.
Novo Nordisk’s move comes two weeks after Eli Lilly announced a series of price cuts that would lower the price of the most commonly used forms of its insulin by 70%. Eli Lilly also said it will automatically cap out-of-pocket insulin costs at $35 for people who have private insurance and use participating pharmacies, as well as expand its Insulin Value Program, which caps out-of-pocket costs at $35 or less per month for people who are uninsured."
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