$35 per month capped insulin for private insurance kept out of Inflation Reduction Act

Aug. 07, 2022 6:19 PM ETPfizer Inc. (PFE), ABBV, MRK, BMYNVO, LLY, SNY, REGNBy: Jonathan Block, SA News Editor193 Comments

Congress l building is isolated on white.

Evgeniia Ozerkina/iStock via Getty Images

  • A major piece of legislation approved in the Senate on Sunday did not include a provision that would have capped the monthly cost for insulin to $35 in private insurance plans.
  • The Inflation Reduction Act, passed along party lines, does cement a $35 maximum monthly cost for those covered under Medicare.
  • In addition, the broad legislation will allow CMS to negotiate the prices of some high-priced prescription drugs and cap out-of-pocket drug expenses to $2000 per year.
  • Some of the highest spend by Medicare on drugs include Pfizer (NYSE:PFE)/Bristol-Myers Squibb's (NYSE:BMY) Eliquis (apixaban), AbbVie's (NYSE:ABBV) Humira (aducanumab), Regeneron Pharmaceuticals' (REGN) Eylea (aflibercept), Bristol's (BMY) Revlimid (lenalidomide), and Merck's (NYSE:MRK) Keytruda (pembrolizumab).
  • Top insulin makers: Eli Lilly (LLY), Novo Nordisk (NVO), and Sanofi (SNY).
  • The bill now goes to the House for approval, where it is expected to pass.
  • In late June, Sanofi (SNY) said it would cap the monthly price of its insulin products to $35 for uninsured Americans.

Recommended For You

Comments (193)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.