On rising insulin prices, a lawmaker tells pharma execs: 'We have the names of people who have died because they couldn't get their insulin. ... Your days are numbered'
Lawmakers tensed with frustration, some clenching their jaws, while grilling a panel of pharmacy and pharmaceutical company executives about the soaring cost of insulin during a congressional hearing on Wednesday. The tension could be felt as some executives fidgeted in their chairs while answering lawmakers' questions.
The hearing, held by the House Committee on Energy and Commerce's Oversight and Investigations Subcommittee on Capitol Hill, was the second this month to examine how fast-rising insulin costs affect diabetes patients across the United States. The average price of insulin tripled over the course of a decade, from $4.34 per milliliter in 2002 to $12.92 per milliliter in 2013, according to a study published in the medical journal JAMA in 2016.'use strict';CNN.Videx=CNN.Videx || {};CNN.
Why is health care in the US so expensive? 02:15Illinois Rep. Jan Schakowsky vehemently said during the hearing that prices of insulin are"curiously close" between manufacturers and"way too high.""I don't know how you people sleep at night," she told the panel of executives.Read More"We have the names of people who have died because they couldn't get their insulin," she said.
Diabetes is on the rise 01:15Ahead of Wednesday's hearing, pharmaceutical company Sanofi announced plans to reduce the price of insulin for qualifying patients to $99 a month for up to 10 boxes of pens or 10-milliliter vials. The new monthly price for qualifying patients will start in June, according to the company.
In March, pharmaceutical company Eli Lilly announced plans to sell a cheaper generic version of its rapid-acting insulin Humalog. At half the price of Humalog, the generic insulin lispro will carry a list price of $137.35 per vial, the company said, or $265.20 for a pack of five pens. Brand-name Humalog will remain on the market.Colorado Rep.
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