Soaring insulin prices in the US are costing Medicare billions

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Insulin prices have sparked outrage in recent months, with Congress holding hearings on the issue and launching bipartisan investigations into why the cost of the hormone used to treat diabetes – discovered nearly a century ago – has soared over the past two decades. The House Energy and Commerce oversight subcommittee held a hearing on insulin prices this week and will hold another next week. Executives from the three companies that dominate the global insulin market – Eli Lilly, Novo Nordisk and Sanofi – are expected to testify at the upcoming hearing. “We want to know why the cost of …read more

Source: Sott health news feed

    

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