Pharmaceutical giant Eli Lilly has announced it is instituting a $35 dollar monthly cap on out-of-pocket insulin expenses. The company announced on Wednesday that it is moving forward with âprice reductions of 70% for its most commonly prescribed insulins and an expansion of its Insulin Value Program that caps patient out-of-pocket costs at $35 or
FACT CHECK: Biden Claims He Capped Insulin Costs for Medicare Enrollees
February 8, 2023 by
CLAIM: President Joe Biden claimed during Tuesdayâs State of the Union that the Democratsâ Inflation Reduction Act put a monthly cap srcf $35 on insulin costs for Medicare enrollees. VERDICT: Misleading. During Bidenâs State of the Union address on Tuesday, he claimed,âBig Pharma has been unfairly charging people hundreds of dollars, four to five hundred dollars a month,â