Bernie Sanders has announced plans to introduce legislation that would cap U.S. insulin prices at $20 per vial after Eli Lilly pledged to cut the list prices of its most commonly used insulin products by 70%.
But the company’s move also drew skepticism as advocates remain wary of the limitations of Wednesday’s pledge and of Eli Lilly’s commitment to keeping prices low, particularly given the pharmaceutical giant’s history of, Eli Lilly states that “government restrictions exclude people enrolled in federal government insurance programs from Lilly’s $35 solutions.”on insulin copayments, but low-income people on Medicaid don’t appear to be eligible for Eli Lilly’s price-cap program.
Additionally, Eli Lilly’s 70% price cut for Humalog — the company’s most commonly prescribed insulin product — won’t take effect until the fourth quarter of this year, “giving Lilly seven more months of high prices even as they are lauded for their corporate responsibility,”“And since Lilly caps out-of-pocket costs to patients but not necessarily prices charged to insurance companies,” Kuttner addedSuch caveats led campaigners to emphasize the necessity of federal action to guarantee that...
“Insulin manufacturers have shown time and time again that they will put their CEOs’ profits over patients’ lives,”
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