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$599

Basal Insulin, Bolus Insulin

May 27, 2020

New MPD Insulin Savings Program Supported by Lilly, Novo, and Sanofi

Here is a brief preview of this blast: Yesterday, President Trump announced a new plan to reduce the monthly cost of insulin to no more than $35 for people on Medicare Part D. The plan, which is scheduled to go into effect on January 1, 2021, is being supported by Lilly, Novo Nordisk, and Sanofi. Following the announcement, Lilly's CEO, Dave Ricks, issued a statement lauding the new savings model, saying it "fills a critical gap that remained in the system." Below, FENIX provides thoughts on the new plan in the context of the overall US drug pricing debate.