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Monday, March 06, 2023

Lilly plans to slash some insulin prices, expand cost cap

(AP) - Eli Lilly will cut prices for some older insulins later this year and immediately give more patients access to a cap on the costs they pay to fill prescriptions. 

The moves announced Wednesday promise critical relief to some people with diabetes who can face thousands of dollars in annual costs for insulin they need in order to live. Lilly’s changes also come as lawmakers and patient advocates pressure drug makers to do something about soaring prices.