More Americans with diabetes will get a break on their insulin costs in 2024.
Sanofi is joining the nation’s two other major insulin manufacturers in offering either price caps or savings programs that lower the cost of the drugs to $35 for many patients. The three drugmakers are also drastically lowering the list prices for their products.
The moves were announced in the spring, but some didn’t take effect until January 1.
Drugmakers have come under fire for years for steeply raising the price of insulin, which is relatively inexpensive to produce. The inflation-adjusted cost of the medication has increased 24% between 2017 and 2022, and spending on insulin has tripled in the past decade to $22.3 billion in 2022, according to the American Diabetes Association.
Some 8.4 million Americans rely on insulin to survive, and as many as 1 in 4 patients have been unable to afford their medicine, leading them to ration doses – sometimes with fatal ramifications, according to the association.
It works great. Could you explain how it could be better? Seems like a terrible idea to just change things with no evidence that it would improve things.
The entire healthcare system could use a rework but there is nothing wrong with this system in particular.
Profit serves no function and could be removed from the system entirely. You’re just scared of change because you are a conservative.
Lol, no I am not a conservative. I just want to see evidence.
A system without profit is way too fragile because of corruption.
A fully communist system won’t ever work because humans are human and they suck ass.
It’s amazing that you seem to think for profit systems aren’t corrupt lol
Soviet Russia (and Russia) is very known for being extremely corrupt.
I’ll reiterate: it’s amazing that you seem to think for profit systems aren’t corrupt. Corruption only happens in gommunism amirite? 🙄
I didn’t say that. Please re-read.
You are saying that government run programs are bad because of corruption, I get that. I’m telling you that this is an absurd position because you’re presuming for profit systems aren’t corrupt. It’s ridiculous!