I have no doubt that Lilly was profit motivated.


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Comment by netbadger on September 17, 2013 at 1:35pm

Hi Brian. The last bottle of Lilly's U-500 insulin I bought, retailed for $960 in April of this year. Even with insurance the co-pay is 20% of retail, and the pharmacist said discussions were under way to possibly drop it from the insurance company's formulary completely. In May of this year I had the Roux-En-Y gastric bypass surgery. I have lost 130 lbs. so far and now take Metformin twice a day, along with 10 units of U-100 Levemir insulin in the evening. I was being priced out of being able to afford insulin at all. I have no doubt that Lilly was trying to make as much money as possible, before another competitor created a similar product. The skyrocketing cost really started when their last competitor stopped making a U-500 insulin. Any drug company can charge as much as they want for any drug, and raise the price as often as they want. That is regardless of how many people will die as a result of not being able to afford their medicine. There is no oversight committee, laws, or recourse to keep the pharmaceutical companies in check price-wise. It doesn't seem right to me, that any company has that much unchecked power.



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