The Broker Innovation Lab celebrates brokers and other benefits stakeholders who have embraced the changing marketplace to position themselves and their business for future success
That question was debated at a Senate Finance Committee, and there was a bipartisan consensus to make the drug dispensing process fairer so that people aren't "mugged at the pharmacy counter," as one Senator put it.
Just days after the other two drugmakers dropped their prices, Sanofi is capping the cost of its most prescribed insulin at $35 for the privately insured, as a price gouging lawsuit against all three drugmakers gets underway.
Under mounting pressure, Novo Nordisk plans to cut list prices for insulin products by up to 75%, now the latest drugmaker to take such a step following a California lawsuit accusing drugmakers of driving up costs.
Eli Lilly's announcement that it is capping the cost of insulin at $35 a month also casts light on pharmacy benefit managers at a time when Congress has shifted its focus on them.
Observers say that while capping the cost of insulin at $35 a month benefits consumers, it doesn't strengthen Lilly's legal arguments since the company and others raised list prices by 150% over five years, alleges one lawsuit.
Facing pressure to curb diabetes treatment costs, the price cut puts the drugmaker's insulin in line with the Inflation Reduction Act, which last month capped the medication's cost for seniors on Medicare.
The agency is cracking down because audits have shown that private insurance companies have charged billions of dollars in overpayments to Medicare Advantage plans and increased costs to the Medicare program.
"We're going to level the playing field and make this lifesaving drug more affordable for all who need it by putting an end to big pharma's big profit scheme," Attorney General Rob Bonta says.
With a few simple strategies to support physical fitness, employers can help their workforce make important progress in boosting and maintaining good mental health, reducing burnout, and improving employee satisfaction and retention.