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InsulinĀ is about to become more affordable for some people with diabetes. .Ā
On Wednesday, the health insurer Cigna and pharmacy benefits manager Express Scripts announced theĀ launch of an insurance plan that caps insulin costs at $25 a month, a move that could affect more than 700,000 people, according to the company.
Called the Patient Assurance Program SM, the project seeks to address the need for greater affordability and access to insulin.
āFor people with diabetes, insulin can be as essential as air,” saidĀ Steve Miller, executive vice president andĀ chief clinical officer for Cigna. “We need to ensure these individuals feel secure in their ability to afford every fill so they donāt miss one dose, which can be dangerous for their health.”
To qualify, patients must have out-of-pocket insulin costs higher than $25 a month. They must alsoĀ participate in non-government funded pharmacy plans managed by Express Scripts.
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Six million Americans depend on insulin each day, according to the American Diabetes Association, and the escalating costĀ has become a major problem for many of them. Studies show that 1 in 4 people with diabetes who use insulinĀ cut backĀ on the use of the drug because of costs.
Last year, a 30-day supply of insulin cost Cigna and ExpressĀ Scripts membersĀ $41.50 on average, according to the company. So the new program canĀ save eligible participants approximately 40%.Ā
CignaĀ acquired Express Scripts for $54 billion in 2018.
“In most cases, people who use insulin will see lower out-of-pocket costs without any increased cost to the plan,” the company said in a press release.Ā
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