Biden says other companies will slash insulin prices after Eli Lilly move

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U.S. President Joe Biden said that other pharmaceutical companies will have to lower their insulin prices in the wake of Eli Lilly's decision to slash its prices for the popular diabetes treatment

it will cut list prices by 70% for its most commonly prescribed insulin products, Humalog and Humulin, beginning from the fourth quarter of this year.

"Guess what that means?," Biden told Democrats gathered in Baltimore for an annual retreat. "Every other company making it, someone's gonna have to lower their price." Biden’s signature legislative achievement, the Inflation Reduction Act, has capped insulin prices for Medicare recipients at $35 per month but the law does not extend to patients with private insurance or without insurance from higher prices. He wants Congress to extend the cap beyond Medicare.

"Once you expose these things, it's awful hard to defend it," Biden told reporters at the White House before leaving for Baltimore "Once one major carrier or one major operator changes it, it changes everything. So I think we've made a lot of progress."

 

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It's amazing how it's always President said. He's like Caeser and if you don't like it he'll send in his goons to destroy you.

Wonder if insulin dependent MAGA voters will even blink at this, or just forgo buying insulin in case it's 'woke' insulin? 🤷🏻‍♀️🙄

Hunter Biden can't hide.

Trump slashed insulin prices. Biden reversed Trump’s order and raised them again. Then Biden did the same thing Trump did in order to steal credit for it. FJB is a total piece of garbage.

This is a game changer for so many. I pay $165/vial with ‘good’ insurance & I’d much rather be saving those thousands a year for a house than buying an executive their third yacht.

I knew it

BidenDestroysAmerica BidenLiesAgain BidenWorstPresidentEver

Let them eat cake ... what an absolute disgrace

Did you just call the only life saving medicine for diabetics: a “popular treatment”. Seriously, sometimes I think you guys just write these captions to troll people in need. It’s like yes oxygen is the popular gas. It’s almost like you can’t live without it.

Does this guy know where the R and D dollars for the next wonder anti-cancer, anti-Alzheimer’s, anti-obesity, etc… drug originate! Must be the Sander’s money tree. Such ignorant leadership, such nausea inducing rhetoric!

Yeeeees Joe

BigBallsBiden

Thank you, Mr. POTUS President Biden, Sir. Thanks,

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