Medicine

Cigna to cap insulin prices under new program

Cigna to cap insulin prices under new program

A recent Yale study highlighted the effects of this issue, showing that one in four people with diabetes who use insulin admitted to cutting back on the use of the drug because of cost.

Cigna, which bought pharmacy benefits manager Express Scripts a year ago, said it was partnering with insulin manufacturers to lower copayments to $25 at the point of sale.

Health insurer Cigna is launching a program that will cap out-of-pocket expenses at $25 for a 30-day supply of insulin, the company said Wednesday.

In comparison, insulin users managed by Cigna and Express Scripts paid, on average, $41.50 out of pocket for a 30-day supply in 2018.

A January report from the Health Care Cost Institute found that Type 1 diabetes costs alone rose from $12,467 in 2012 to $18,494 in 2016.

USA lawmakers have pulled up healthcare companies over rising costs of medicine, with powerful committees in Congress holding hearings in January on insulin affordability.

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

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

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 discounts could potentially affect around 700,000 of its patients - mostly people with employer-sponsored coverage - who had an insulin claim past year, a spokeswoman told Health 202. The company is working with drugmakers, such as Eli Lilly, Novo Nordisk and Sanofi, to make all forms of insulin available, according to Express Scripts' chief innovation officer Glen Stettin.

"In the current system, companies give discounts to pharmacy benefit managers and health plans while increasing prices at the pharmacy counter", he said.

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


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