Cigna announces plan that caps monthly insulin prices at $25

Leslie Hanson
April 5, 2019

Last year, patients paid an average of $41.50 a month out of pocket, including deductibles, copays or coinsurance, for the lifesaving diabetes drug, the company said. Express Scripts, the largest USA pharmacy benefit management company, was acquired by Cigna in December. "And that's why we're trying to do something about it".

The generic would sell for half the price of Humalog U-100, which costs $135 per month for patients who take an average amount, according to the company.

"For people with diabetes, insulin can be as essential as air", Dr.

More than 1.2 million Americans live with Type 1 diabetes, according to the American Diabetes Association.

Only those who are under the pharmacy plans managed by Express Scripts will be available for the program.

And next Wednesday, the top manufacturers of insulin-Eli Lilly, Novo Nordisk and Sanofi-are slated to testify before a U.S. House of Representatives subcommittee about their drug pricing practices.

For the 26 million Americans with diabetes, the price of insulin has become a drug seemingly only for the well-insured as the price tripled over the last decade.

The companies also stated that in most cases, people who use insulin will see lower out-of-pocket costs without any increased cost to their plan. "We need to ensure these individuals feel secure in their ability to afford every fill so they don't miss one dose, which can be unsafe for their health", Dr. Steve Miller, executive vice president and chief clinical officer at Cigna, said in the announcement. "Those are the people I am most concerned about, so we need to talk about capping the prices on the uninsured side as well.That is certainly my hope that other insurers follow suit and then we get into looking to decreasing the price overall".

The annual cost of insulin for treating a type 1 diabetes patient in the United States almost doubled to $5,705 in 2016 from $2,864 in 2012, according to a recent study.

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

Other reports by Iphone Fresh

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