Legislators urge investigation into cost of insulin

You might recall that RxRights initiated a campaign last year regarding the skyrocketing price of insulin, based on your feedback. We enlisted your help to pressure drug makers and we’ve long been appealing to legislators. We’re pleased to see these efforts have been fruitful. The insulin issue is finally gaining traction with legislators and the media!

Senator Bernie Sanders (I-VT) and Representative Elijah Cummings (D-MD) sent a letter Thursday calling on the Justice Department and Federal Trade Commission to investigate potential anticompetitive conduct among the few pharmaceutical companies manufacturing medication to treat diabetes.

The letter cites a Bloomberg report regarding apparent tandem price increases in insulin made by the three major insulin manufacturers, Sanofi and Novo Nordisk and Eli Lilly.

The report shows Sanofi and Novo Nordisk raised prices for competing vials of insulin, Lantus and Levemir, by 16.1 percent within one day of other in May of 2014. Thirteen other instances of simultaneous price hikes between these two drugs were found since 2009. Eli Lilly’s Humalog and Novo Nordisk’s Novolog had several instances of concurrent price increases as well.

We can’t let drug companies get away with this! Eli Lilly has already been fined by Mexico for colluding on prices.

Will you help us make a difference during National Diabetes Awareness month? We’re gathering personal stories from Americans affected by the rising price of insulin for Senator Sanders’ office. Click here to share your story and/or pass this email on to a friend or family member with a story to share.

If we keep the pressure on, we’re bound to see results!

2 Comments On “Legislators urge investigation into cost of insulin”

  1. Pingback: How do insulin prices impact Americans? - RxRights

  2. I had to get my insulin for free from my doctor for a couple months due to cost. $700 a month for 4 Trulicity Auto Pens. And when dr was monitoring me for that month, he made my visits “Nurses visits” so they were no charge for them unlike a regular Dr visit.

    As luck would have it, I was able to get on Lilly website and get a discount card and I now pay $25 a month for the 4 Auto pens I need per month. Now if they can afford for me and countless of thousands of others to get a $25 discount card, why can’t they afford to sell it for $25 right from the start.

    Oh and as far as me “Qualifying” for their discount card, all I needed to do was answer 3 quick questions I believe it was and not a one of them even asked for my income or taxes. Now I have to ask the question one more time, without them knowing how “Rich” I am not, how can they just give me a $25 per month prescription? Something is fishy.

    And as far as price fixing goes, they need to throw the book at these companies. Do some research into a company headquartered in Decatur Illinois called ADM (Archer Daniels Midland). Look how bad they got hit for price fixing …. numerous times. Why is it ok to hit a grain company that hard but not a drug manufacturer. especially when they raise prices 25% and then give their CEO a 9 million dollar a year raise plus bonuses while people sit here and die because they can’t afford the insulin.

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