Biden says other companies will slash insulin prices after Eli Lilly move

US drug maker Eli Lilly slashes price of insulin, caps monthly costs: Why is this move significant?

US drug giant Eli Lilly has announced that it will cut prices of some insulin products and also introduce a $35 cap on the monthly costs patients bear. The move comes as the country grapples with the soaring expenses of diabetes medication and the criticism of healthcare companies

Biden says other companies will slash insulin prices after Eli Lilly move

BALTIMORE - U.S. President Joe Biden said on Wednesday that other pharmaceutical companies will have to lower their insulin prices in the wake of Eli Lilly's decision to slash its prices for the popular diabetes treatment.

Biden says other companies will slash insulin prices after Eli Lilly move

Eli Lilly will cut list prices by 70% for its most commonly prescribed insulin products, Humalog and Humulin, starting in the fourth quarter of 2023

Biden says other companies will slash insulin prices after Eli Lilly move

U.S. President Joe Biden said on Wednesday that other pharmaceutical companies will have to lower their insulin prices in the wake of Eli Lilly's decision to slash its prices for the popular diabetes treatment.

Eli Lilly announces insulin price cut

Drug maker Eli Lilly announced that it’s cutting the list price of its most commonly prescribed insulin by 70 percent and capping out-of-pocket costs at $35 a month. NBC News’ Kristen Dahlgren shares more about the company’s move, which is being hailed as a huge win for diabetics.

Biden says other companies will slash insulin prices after Eli Lilly move

BALTIMORE (Reuters) -U.S. President Joe Biden said on Wednesday that other pharmaceutical companies will have to lower their insulin prices in the wake of Eli Lilly's decision to slash its prices for the popular diabetes treatment. Eli Lilly said on Wednesday it will cut list prices by 70% for its most commonly prescribed insulin products, Humalog and Humulin, beginning from the fourth quarter of this year. "Guess what that means?," Biden told…