JUST IN | Eli Lilly has announced plans to slash the prices of certain insulins and expand their cost cap for those needing insulin.
The company announced the plans Wednesday, and plan to hold a press conference later this morning to expand on the decision.
According to a release, the move was put in place to help people living with diabetes that often face annual costs of more than $1,000 for the life-saving insulin they need. That cap applies to people with commercial coverage. Lilly said people without insurance can find savings cards to receive insulin for the same amount at its InsulinAffordability.com website.
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