The reason why insulin is so expensive is a loaded and complicated question. It wasn’t always this way. To understand how insulin pricing works, we must first look into the history of the drug itself. Insulin was created in 1922 and it was originally derived from animals. Around 30 years ago, researchers discovered biologic insulin and today it’s most commonly created from bacteria! This new form of insulin is better for diabetics to use because it’s closer molecularly to what we produce on your own (when compared to animal insulin).
However, this had the effect of slowly but surely raising prices in the United States because it’s expensive to produce. The cost of insulin has tripled between 2002 and 2013, as more Americans are diagnosed with diabetes. Many people believe that with so many companies making the drug, prices should go down, but instead, insulin continues to be very expensive.
The largest insulin manufacturers put the blame on increased insulin pricing for three main reasons. First, the cost rises because it is expensive to make and second because pharmacy benefit managers are raising the prices artificially. Lastly, and most importantly, blame is shifted to the complicated insurance reimbursement processes and confusing prescription assistance programs.
An increased demand for insulin because of more cases of diabetes and higher insulin prices even raise insurance premiums for patients. Luckily, there is hope and you can offset the expensive insulin prices. The prescription assistance programs we work with provide quality and affordable access to insulin for diabetics across the United States. Trying to join the right prescription assistance program on your own is not easy because the paperwork is confusing and there are so many of them out there. Don’t let this deter you from getting affordable medication because we are here to assist you in the process.
We’ve fostered long-standing relationships with insulin manufacturers that offer unique prescription assistance programs. This allows for Prescription Assistance 123 to provide our clients with affordable insulin. Why continue paying more for your much-needed prescriptions, when you can pay less? Take charge of your prescription costs with the help of our patient advocates. We’re always standing by for your call, reach us today at 888.344.8915.