Jenny Sweigard, MD, is a board-certified physician involved in patient care, including general medicine and critical care medicine.
Since 2000, insulin injection prices have risen over 1000%—from about $20 to more than $300 a vial. Studies show more than a million people spend about 40% of their income after rent and daily expenses on insulin.About 20% of Americans who take insulin injections might ration their medication, such as skipping doses or taking less than prescribed. This can lead to dire complications like amputations, heart disease, kidney failure, and vision issues.
This article covers insulin prices, factors that affect them, and how to lower insulin costs for yourself.
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Insulin is produced in the pancreas, an organ next to the stomach. Type 1 diabetes occurs when someone’s pancreas cannot produce insulin, while type 2 diabetes is when the body doesn’t produce enough insulin or doesn’t process the insulin that is available.Lack of insulin can raise blood sugar in the body, which, if left untreated, can lead to heart disease, stroke, kidney failure, nerve damage, amputations, and/or blindness.
If you are in urgent need of insulin, head to your local emergency department immediately. Skipping or rationing insulin doses can increase the chances of kidney failure, amputation, and death, even in younger people.
All three major insulin manufacturers offer patient assistance programs, including emergency supplies. Their hotline numbers are:
NeedyMeds, RxHope, American Diabetes Association, Inside Rx, and Mat.org are some non-profit organizations that could guide you to resources for maintaining your insulin.
Taking prescription insulin regulates blood sugar after meals or throughout someone's day, depending on the patient. Skipping insulin doses or taking less than the recommended daily dose can be risky. This includes a risk of amputations, kidney failure, and death, even for younger people (who are also more likely to skip their insulin).
The price of insulin can depend on the type of insulin and your personal needs. Insulin is normally measured in units. For example, eating 60 grams of carbohydrates might require six units of insulin. There are 100 units per milliliter (ml) of insulin, and vials of insulin usually measure 3ml or 10 ml.
In 2018, the average price of a vial of insulin ranged from about $70 to $120, with some vials in the $300 to $400 range and others as high as $1800.
The US federal government and 22 state governments have passed laws to cap insulin costs. For instance, the 2022 Inflation Reduction Act capped insulin copays at $35 for those on Medicare, the health insurance program for people aged 65 or older, some people with disabilities, and people with severe kidney disease. State-mandated insulin copay caps can range from $25 to $100 a month. However, self-insured plans, like many plans chosen by employees at large companies, are excluded.
Some commonly prescribed types of insulin and their average prices per vial (300 units) are:
Insurance and where you live can affect how much you pay for insulin.
Here are some ways insurance could affect insulin costs:
Whether or not there are state copay limit mandates for insulin can affect how much you could pay for insulin. Some states provide pharmaceutical assistance programs or emergency insulin assistance programs to help residents with costs. Insulin is more expensive in the United States than in other countries.
Whether or not you have insurance, there are ways to lower the price of insulin for yourself.
Buying insulin in bulk and opting for syringes instead of pens could help save on insulin costs. However, do check state limits on how much insulin you can buy at one time.
Online pharmacies, including insulin from Amazon, can help with buying in insulin bulk. To make sure a website is a safe source for buying insulin, look for a he National Association of Boards of Pharmacy’s (NABP) Verified Internet Pharmacy Practice Sites Seal, or VIPPS Seal, according to the Food and Drug Administration (FDA).
Ask your pharmacist about switching to generics to save. If you're paying cash without insurance, insulin brands usually offer "authorized generics" produced by their own companies. Some authorized generics might not be covered by insurance, however, they may be cheaper.
Some authorized generics include:
Some ways to get assistance for discounted or no-cost medications include:
If you have health insurance through a job, a flexible spending account (FSA) is a tax-free health spending account you and your employer can contribute to, with a limit of $3050 per year. FSAs can reimburse you for out-of-pocket costs for insulin. Ask your employer for how to submit reimbursements for insulin costs that aren't covered by insurance.
There are ways to save on insulin costs, even without insurance. These include buying generics, manufacturer discount hotlines that could provide emergency low-cost supplies, local federally-funded clinics, non-profits like NeedyMeds and GoodRx, and state prescription assistance programs.
If you are insured by an employer, flexible spending accounts can also help cover insulin costs. Pharmacy discount cards, buying in bulk, and asking your local vendorr, whether that be Walmart or CVS (both of which provide $25-dollar insulin), for discount programs can also help.
It can seem daunting to manage an insulin prescription, but the good news is help is available. An emergency room can provide urgently needed insulin, however, patient assistance program hotlines from insulin manufacturers, federally-funded local clinics, and discount programs via your pharmacy or doctor are just some ways to maintain your recommended dose.
Reasons why insulin prices are so high include a 2003 law that bans Medicare from negotiating drug prices, lack of equal insurance coverage for all Americans, pharmacy benefit mangers (people who manage negotiations between pharmacies and manufacturers), and that 60 votes are required in the United States Senate for a nationwide $35/a month copay cap on insulin to become law. In addition, three companies control 96% of the global insulin market.
Lack of knowledge about programs like copay cards from drug manufacturers or about cheaper insulin available at pharmacies can also be why some people spend more than they might need to on their insulin.
A 2018 study found a vial of insulin costs approximately $2 to $6 to make. A one-year supply of insulin would cost about $50 to $130 if patients were charged only for manufacturing.
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Neha is a New York-based health journalist who has written for WebMD, ADDitude, HuffPost Life, and dailyRx News. Neha enjoys writing about mental health, elder care, innovative health care technologies, paying for health care, and simple measures that we all can take to work toward better health.
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