Ohioans on Medicare will save more than $36 million yearly on insulin under new law, feds predict

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Ohioans on Medicare will save more than $36 million yearly on insulin under new law, feds predict
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A report from the U.S. Department of Health and Human Services estimated that 72,854 Ohioans will save more than $36.5 million from the change – an average of $502 per user.

, would have saved 1.5 million Americans who use Medicare an average of $500 in their insulin costs that year. HHS representatives said they relied on 2020 Medicare insulin use statistics to make their projections because it was the most recent data available when they began the study

The report estimates that more than 7 million Americans must use insulin to manage their diabetes. List prices of the drug nearly doubled between 2012 and 2016, creating affordability problems for some of its users. The report estimated that 72,854 Ohioans will save more than $36.5 million from the change – an average of $502 per user. Becerra said residents of North Dakota will see the nation’s largest average savings – $804 – because of cost variations between states.

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