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Bookmark or Share- Recent Trends in Insulin Prices - AAFEakinomics: Recent Trends in Insulin Prices Insulin was the poster child of the drug price wars in 2019 and early 2020, and the key facts are laid out in Insulin Cost and Pricing Trends by AAF’s Tara O’Neill Hayes and Josee Farmer. (A shout out to Josee in Seattle; one of many AAF interns continuing her internship remotely.) […]
- Federal and State Actions to Address Insulin Costs - AAFThe cost of insulin is a large and growing burden: Roughly one-fourth of the 8.3 million insulin users in the United States reported rationing their insulin because of the cost, despite the fact that rationing could be fatal. As of March 23, 2020, biosimilar insulin products may be developed and sold in the United States, once regulatory ...
- Insulin Prices: An Update - AAFIn short, this analysis finds that the introduction of new, half-priced “generic” insulin products has brought down the average price of most types of insulin, but very few patients—at least among Medicaid and Medicare beneficiaries— have switched to these lower cost products. As a result, average insulin spending per claim has failed ...
- Insulin Cost and Pricing Trends - AAFInsulin Costs in the Employer Market. According to the Health Care Cost Institute, annual per capita insulin costs for diabetics with ESI averaged $2,864 in 2012; by 2016, average costs had climbed to $5,705. [44] The chart below shows estimated annual costs for an insulin patient in the ESI market, taking a standard dose of 62 units per day.
- Research: Understanding the Insulin Market - AAFThis cost and complexity will likely slow the development of competitors in the insulin market and prevent the kinds of price drops that have occurred with small-molecule drugs. Conclusion Diabetes is one of the most burdensome diseases in America, and about 1.5 million individuals are newly diagnosed with diabetes each year.
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