The odds are excellent someone you know needs insulin daily. What you may not know is they may be struggling to pay for the life saving drug.
The average price of insulin has more than tripled in the past 15Â years.
In 1996, one vial of insulin cost about $20. Today, that same vial of insulin costs nearly $300. That price hike is the reason many are rationing their insulin or even going without it.
Three companies manufacture insulin:Â Eli Lilly, Novo Nordisk, andÂ Sanofi. The Federal Government doesn’t cap drug prices, so if one manufacturer bumps up the price, the other two can raise their rates to be competitive. This is putting people in life or death situations.
United Way of Madison County Community Impact Director, Cathy Miller, said, “For most diabetics, if they’re at the point of having to take insulin, then it’s not an option for them. It’s something that they really have to have.”
FamilyWize is a discount program offered to help people afford medications including insulin. The organization partners with several common pharmacies nationwide to negotiate prescription discounts. All you have to do is show your FamilyWize card when picking up your prescriptions.
“It’s not a coupon. It’s not an insurance plan, but for those people who have no insurance or have a gap in insurance, it is a difference between taking care of themselves and the other essentials that they have in their life,” said Miller.
You can also check with the manufacturers websitesÂ for rebates and price reductions.