The Era of Rebate Rip-offs Is Over (Maybe)
- msevcik1
- Mar 9, 2023
- 1 min read
Updated: Mar 23, 2023
Eli Lilly & Co. is cutting the list prices for Humalog and Humulin, its two biggest-selling insulin products by 70%. The price cuts will take effect in the fourth quarter. Lilly also announced that, on May 1, it will lower the list price of an unbranded insulin from $82 a vial to $25.
Talk about Hoosier Hospitality.
Lilly's bold action will have additional consequences of even greater significance – specifically, it’s the first real step towards breaking the chokehold of Pharmacy Benefit Manager (PBMs).