Eli Lilly to Participate in Program to Make Insulin Cheaper for Seniors [The Motley Fool]
Eli Lilly and Company (LLY)
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Source: The Motley Fool
Eli Lilly to Participate in Program to Make Insulin Cheaper for Seniors The drugmaker has faced scrutiny and anger over the high prices of its insulin products. Eli Lilly ( NYSE:LLY ) , one of the largest manufacturers of insulin in the U.S., recently announced its intention to participate in a new "Senior Saving Model" that will reduce insulin prices for seniors enrolled in Medicare Part D . The Centers for Medicare and Medicaid Services (CMS) will launch the new model on Jan. 1, 2021, and all of Eli Lilly's insulin products will be covered. According to CEO David. A Ricks, this program is expected to have a "significant and positive" impact on seniors. Eli Lilly has faced public censure in recent years for its long pattern of significantly increasing the prices of its insulin products. Last year, the Senate Finance Committee launched an investigation into rising insulin prices. The bipartisan probe took particular issue with Eli Lilly, which between 2001 and 2015 boosted the price
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LLY
Earnings
- 10/30/24 - Miss
LLY
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- LLY's page on the SEC website