Tuesday, 23 April, 2019

Cigna Launches New Program Capping Monthly Insulin Costs At $25

As insulin prices continue to skyrocket one insurance company announced plans to cap monthly insulin costs at $25 As insulin prices continue to skyrocket one insurance company announced plans to cap monthly insulin costs at $25
Anna Jefferson | 05 April, 2019, 19:41

Major health insurer Cigna and Express Scripts, its recently acquired pharmacy benefit manager, announced Wednesday morning it will ensure patients in its commercial plans will have to pay no more than $25 for a 30-day supply of insulin, even before meeting their annual deductible.

Express Scripts has announced a plan to cut patient co-pays for insulin products at $25 a month ahead of a pricing showdown with USA politicians next week.

The country's largest pharmacy benefit manager - itself acquired past year by one of the country's biggest health insurers - is introducing a program to cap out-of-pocket costs for diabetes patients who rely on insulin.

"Together, Cigna and Express Scripts are now able to give people who rely on insulin greater affordability and cost predictability so they can focus on what matters most: their well-being", Miller said.

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

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Biologics are typically isolated from a natural source and may be produced through biotechnology and other cutting-edge technologies, Gottlieb explained: "Once an interchangeable insulin product is approved and available on the market, it can then be substituted for the reference product at the pharmacy, potentially leading to increased access and lower costs for patients".

More than 1.2 million Americans live with Type 1 diabetes, according to the American Diabetes Association.

For the 26 million Americans with diabetes, the price of insulin has become a drug seemingly only for the well-insured as the price tripled over the last decade. That amounts to 9.4 percent of the US population.

"We need to ensure these individuals feel secure in their ability to afford every fill so they don't miss one dose, which can be unsafe for their health", Dr. Steve Miller, executive vice president and chief clinical officer at Cigna, said in the announcement.

In addition, the health insurer's lower cost initiative falls nearly a week before the Senate Finance Committee's April 9 hearing on drug prices, where they have called Cigna/Express Scripts and other similar companies.

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