Available exclusively through Walmart’s private ReliOn brand, the new offering includes analog insulin vials ($72.88) and FlexPen® ($85.88). The Danish drugmaker says that pre-filled pens and vials of long-acting and short-acting insulins will see price reductions.BENTONVILLE, Ark., JWalmart announced the launch of the first-ever private brand analog insulin, which will revolutionize the access and affordability to diabetes care by offering customers a significant price savings without compromising quality. insulin prices up to 75% next year, following a path set earlier this month by rival Eli Lilly. Novo Nordisk will start slashing some U.S. The Wall Street Journal first reported the price cuts Tuesday morning. More than 8 million Americans use insulin, according to the American Diabetes Association. Those with Type 1 diabetes must take insulin every day to survive. People who have diabetes don’t produce enough insulin. Insulin is made by the pancreas and used by the body to convert food into energy. The federal government in January started applying a $35 cap on monthly out-of-pocket costs to patients with coverage through its Medicare program for people age 65 and older or those who have certain disabilities or illnesses. But Lilly CEO David Ricks noted earlier this month that discounts the drugmaker offers from its list prices often don’t reach patients through insurers or pharmacy benefit managers. Major insulin makers like Lilly and Novo have said they offer patient assistance programs and other help. Pressure is growing on drugmakers to help patients. Research has shown that prices for insulin have more than tripled in the last two decades. They have noted that high insulin prices force many people to ration doses, which can be dangerous for their health. Patient advocates have long called for insulin price cuts to help uninsured people who would not be affected by price caps tied to insurance coverage. WATCH: Congress tries to cap insulin costs as diabetics ration supplies List prices are what a drugmaker initially sets for a product and what people who have no insurance or plans with high deductibles are sometimes stuck paying. said March 2 that it will cut the list prices for its most commonly prescribed insulin, Humalog, and for another insulin, Humulin, by 70 percent or more in the fourth quarter, which starts in October. Levemir and Novolin vials and FlexPens will drop 65 percent from their current list prices.Įli Lilly and Co. FlexPen options will fall to $139.71 from more than $500. A vial of NovoLog and NovoLog Mix 70/30 will drop 75 percent to $72.34 from $289.36. Novo also will drop the list price of unbranded products like Insulin Aspart to match the lower price of the branded insulins.Īnalysis: Eli Lilly is capping insulin copays at $35. They include Levemir, Novolin, NovoLog and NovoLog Mix70/30. The Danish drugmaker said Tuesday that pre-filled pens and vials of long- and short-acting insulins will see list price reductions. insulin prices up to 75 percent next year, following a path set earlier this month by rival Eli Lilly.
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