Eli Lilly Caps Insulin Cost , at $35 a Month.<br />Eli Lilly Caps Insulin Cost , at $35 a Month.<br />NBC News reports that the drugmaker <br />made the announcement on March 1.<br />The change comes a month after a provision <br />in the Inflation Reduction Act imposed a <br />similar cap for seniors with Medicare.<br />Experts say other U.S. insulin makers could follow Eli Lilly's direction in capping the cost of the life-saving medication.<br />Those with private insurance will have immediate access to the lower cost.<br />People without insurance can join Eli Lilly's copay assistance program to be eligible. .<br />A company spokesperson said all of its <br />insulin products are covered under the cap.<br />Drugmakers have long been <br />scrutinized for their high insulin costs. .<br />According to public policy think tank the <br />Rand Corporation, the average price of a vial of insulin in America in 2018 was $98.70.<br />The American Diabetes Association <br />reports that approximately 8.4 million people <br />across the country rely on insulin. .<br />Three out of 10 diabetics use Eli Lilly products.
