techkenyot.com
techkenyot.com April 21, 2019


Cigna announces plan that caps monthly insulin prices at $25

05 April 2019, 03:42 | Silvia Roy

The plan, which is covered by the insurer and its subsidiary Express Scripts, began Wednesday for about 700,000 Cigna members.

"We are confident that our new program will remove cost as a barrier for people in participating plans who need insulin", said Miller.

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In 2018, users of insulin plans by Cigna and Express Cripts were paying an average out-of-pocket cost of $41.50 for a 30-day supply. Patients could start benefiting from the lower out-of-pocket costs in the next few months, depending on when employers decide to opt-in, according to an Express Scripts spokesman.

The day after the Senate Finance Committee hearing (10 April), the three companies that manufacture insulin in the US - Eli Lilly, Novo Nordisk and Sanofi - as well as the three largest PBMs are due to testify in front of the House Energy and Commerce oversight subcommittee, according to a report in TheHill.com.

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Congress is pouring pressure on drugmakers and pharmacy middlemen to ease steep insulin prices for patients with diabetes. The discounts could potentially affect around 700,000 of its patients - mostly people with employer-sponsored coverage - who had an insulin claim a year ago, a spokeswoman told Health 202. "This is what I would say is the latest in a string of things we've been doing to try to support better care for patients generally and people with diabetes specifically".

Vials of insulin belonging to David Burns, 38, who has type 1 diabetes, are photographed in his home in North London on February 24, 2019. The federal agency sees it as a way to lower prices. "The price of all types of insulin and insulin products increased, with point-of-sale prices roughly doubling on average between 2012 and 2016", said the institute, which holds data on over 50 million commercially insured individuals per year.

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President Donald Trump campaigned on a promise to lower drug prices and posted his blueprint for doing so in May.



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