Humulin and Humalog are both part of the new program.
That Lantus alternative will arrive on the market April 1.
“The aggressive price cuts we’re announcing today should make a real difference for Americans with diabetes.
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The cost of a vial of Humulin will fall from $149 to $45.
A 2022 article published inDiabetologianoted that a 1,000-unit vial of insulin costs less than $3.37 to manufacture.
The three companies control 96% of the insulin market, and have done so for decades.
In 2020, the “Big Three” grossed $19.9 billion in insulin sales.
The nonprofit T1International has been advocating for a federal ceiling on insulin prices since its founding in 2014.
The high price of insulin has also become a target for folks in the Washington, D.C.
