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Major insulin producer announces 35$ price cap for month's supply

Insulin for $35 or less — that's the news from Eli Lilly, a maker of the diabetes drug.

Louisville doctors say the lower cost should improve diabetes patient health.

Forced more than 1 million americans to ration the life safz medication. let's discuss this now. the ceo and the chair of eli lilly and company dave ricks. thank you so much. i appreciate you joining us this morning. this is really important news. >> it is. and thank you for having me on. you know, today we are announcing a 70% price cut on our most commonly used insulins, which we will phase in over this year. effective today, a $35 cap. >> why now? >> so this is a culmination of seven years of work we have been doing to reduce the price of our insulins. launching our own generic to our own b...

Move comes amid criticism of healthcare companies over rising costs of insulin, as CEO says cuts ‘should be the new standard’