Is Affordable Insulin Available? Survey Reveals Uninsured Americans Paying More Despite Promised Price Reduction
Portfolio Pulse from Vandana Singh
A survey conducted by U.S. Senator Elizabeth Warren's office revealed that uninsured Americans pay an average of $98 for Eli Lilly's generic insulin, despite the company's promise to reduce the price to $25 per vial. The survey also found that one-third of the pharmacies charged uninsured patients $164 or more for the insulin. This comes after Lilly, Novo Nordisk, and Sanofi announced they would reduce insulin prices by at least 70% later in the year. Among the surveyed stores, Walgreens, Walmart, Rite Aid, and CVS requested average prices of $166, $161, $89, and $39, respectively, for the insulin.
July 13, 2023 | 4:31 pm
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NEUTRAL IMPACT
Novo Nordisk, along with Eli Lilly and Sanofi, promised to reduce insulin prices by at least 70% later in the year. The fulfillment of this promise could impact the company's stock price.
The news mentions Novo Nordisk's promise to reduce insulin prices. The fulfillment or lack thereof of this promise could impact the company's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Sanofi, along with Eli Lilly and Novo Nordisk, promised to reduce insulin prices by at least 70% later in the year. The fulfillment of this promise could impact the company's stock price.
The news mentions Sanofi's promise to reduce insulin prices. The fulfillment or lack thereof of this promise could impact the company's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CVS was found to charge an average price of $39 for Insulin Lispro, which could impact its reputation and stock price.
The news mentions the average price charged by CVS for Insulin Lispro. This could impact the company's reputation and stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Eli Lilly's promise to reduce the price of its generic insulin has not been fulfilled according to a survey, which could negatively impact the company's reputation and stock price.
The news directly mentions Eli Lilly and its promise to reduce insulin prices. The fact that this promise has not been fulfilled according to the survey could negatively impact the company's reputation and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Rite Aid was found to charge an average price of $89 for Insulin Lispro, which could impact its reputation and stock price.
The news mentions the average price charged by Rite Aid for Insulin Lispro. This could impact the company's reputation and stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Walgreens was found to charge an average price of $166 for Insulin Lispro, which could impact its reputation and stock price.
The news mentions the average price charged by Walgreens for Insulin Lispro. This could impact the company's reputation and stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Walmart was found to charge an average price of $161 for Insulin Lispro, which could impact its reputation and stock price.
The news mentions the average price charged by Walmart for Insulin Lispro. This could impact the company's reputation and stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80