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Lilly Plans To Cut Some Insulin Prices $44, Expand Cost Cap

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Eli Lilly will reduce the price of some older insulins later this year and provide more patients with immediate access to a cap on the costs they pay to fill prescriptions.

The actions announced on Wednesday provide critical relief to some people with diabetes who can face annual costs of thousands of dollars for the insulin they require to live. Lilly’s changes come as lawmakers and patient advocates pressure drugmakers to address rising prices.

Lilly said it would reduce list prices for Humalog, its most commonly prescribed insulin, and Humulin, another insulin, by 70% or more in the fourth quarter, which begins in October.

List prices are what a drugmaker initially establishes for a product and what people without insurance or with high deductible plans are sometimes forced to pay.

According to a Lilly spokesperson, the current list price for a 10-mL vial of the fast-acting, mealtime insulin Humalog is $274.70. This will be reduced to $66.40.

Similarly, she stated that the same amount of Humulin is currently listed at $148.70. That will now be $44.61.

According to Lilly CEO David Ricks, the company is making these changes to address issues that affect the price patients ultimately pay for its insulins.

lilly

Lilly Humulin is currently listed at $148.70. That will now be $44.61

He noted that discounts Lilly offers from its list prices often only reach patients through insurers or pharmacy benefit managers. High-deductible coverage can result in large bills at the pharmacy counter, especially at the beginning of the year when deductibles renew.

“We know the current healthcare system in the United States has gaps,” he said. “This makes a difficult disease like diabetes even more difficult to manage.”

Patient advocates have long advocated for insulin price reductions to assist uninsured individuals unaffected by price caps tied to insurance coverage.

Lilly’s planned price cuts “could provide some substantial price relief,” according to Stacie Dusetzina, a Vanderbilt University health policy professor who studies drug costs.

She noted that the changes are unlikely to have a significant financial impact on Lilly because the insulins are older, and some are already competitive.

Lilly also announced on Wednesday that the price of its authorized generic version of Humalog would be reduced to $25 per vial beginning in May.

Lilly will also launch biosimilar insulin in April to compete with Sanofi’s Lantus.

Ricks stated that because insurers and the pharmacy system will take time to implement the price cuts, the drugmaker will immediately cap monthly out-of-pocket costs for people not covered by Medicare’s prescription drug program at $35.

According to the drugmaker, the cap applies to people with commercial insurance and at most retail pharmacies.

People without insurance, according to Lilly, can find savings cards for the same amount of insulin on its InsulinAffordability.com website.

In January, the federal government began applying that cap to patients with Medicare coverage, which is available to people 65 and older and those with certain disabilities or illnesses.

Last month, President Joe Biden mentioned the cost cap in his annual State of the Union address. He proposed capping insulin costs at $35 for everyone.

Lilly responded to Biden’s call, according to a statement released on Wednesday.

“It’s a big deal, and other manufacturers should follow,” Biden said.

He also stated that Americans have faced “far too long” and much higher drug costs than people in other countries.

Aside from Eli Lilly and the French pharmaceutical company Sanofi, Novo Nordisk is another insulin manufacturer.

Sanofi and Novo Nordisk representatives said their companies offer a variety of programs that help people with and without insurance save money.

The pancreas produces insulin, which the body uses to convert food into energy. Diabetes patients do not produce enough insulin.

To survive, people with Type 1 diabetes must take insulin every day. According to the American Diabetes Association, more than 8 million Americans use insulin.

According to research, insulin prices have more than tripled in the last two decades. Pharmaceutical companies are under increasing pressure to assist patients.

lilly

Lilly is trying to get ahead of the issue and appear to the public as the good guy,

California has stated that it intends to investigate the possibility of producing cheaper insulin. Drugmakers also may face competition from companies like the nonprofit Civica, which plans to produce three insulins at a recommended price of at most $30 a vial, a spokeswoman said.

Drugmakers may see “the writing on the wall that high prices can’t last forever,” according to Larry Levitt, executive vice president of the Kaiser Family Foundation, a nonprofit that studies health care.

“Lilly is trying to get ahead of the issue and appear to the public as the good guy,” Levitt said, adding that nothing prevents Lilly from raising prices again.

According to Lilly officials, they have not raised the prices of any of their insulins since 2017.

Lilly CEO Ricks stated that Wednesday’s changes were made “because it’s time and the right thing to do.”

In 1923, two years after University of Toronto scientists discovered insulin, Indianapolis-based Eli Lilly and Company became the first company to commercialize it. The drugmaker then built its reputation on insulin production, even as it expanded into cancer treatments, antipsychotics, and other medications.

Last year, Lilly earned more than $3 billion in revenue from Humulin, Humalog, and it’s authorized generic. The previous year, they made more than $3.5 billion.

“These are treatments that have a long and successful history and should be less expensive for patients,” Dusetzina said.

SOURCE – (AP)

 

Kiara Grace is a staff writer at VORNews, a reputable online publication. Her writing focuses on technology trends, particularly in the realm of consumer electronics and software. With a keen eye for detail and a knack for breaking down complex topics, Kiara delivers insightful analyses that resonate with tech enthusiasts and casual readers alike. Her articles strike a balance between in-depth coverage and accessibility, making them a go-to resource for anyone seeking to stay informed about the latest innovations shaping our digital world.

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A New Form Of Mpox That May Spread More Easily Found In Congo’s Biggest Outbreak

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KINSHASA, Congo – Congo is battling to contain its largest mpox outbreak, and scientists believe a new strain of the disease discovered in a mining town could spread more easily among people.

Congo has reported over 4,500 probable mpox cases and over 300 deaths since January, substantially double from the same period last year, according to the World Health Organization. Congo recently declared the outbreak a national health emergency.

An analysis of patients hospitalized between October and January in Kamituga, eastern Congo, suggests that recent mpox genetic mutations are the result of the disease’s continued transmission in humans; this is occurring in a town where people have little contact with the wild animals thought to naturally carry the disease.

mpox

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A New Form Of Mpox That May Spread More Easily Found In Congo’s Biggest Outbreak

“We’re in a new phase of mpox,” said Dr. Placide Mbala-Kingebeni, the study’s principal researcher, who added that it would soon be submitted to a journal for publication. Mbala-Kingebeni is the head of a lab at Congo’s National Institute of Biomedical Research that researches disease genetics.

Mbala-Kingebeni stated that the majority of patients’ lesions are milder and located in the genitals, making the disease more difficult to identify. In earlier African outbreaks, lesions were usually found on the chest, hands, and feet. He also noted that the new type seemed to have a decreased fatality rate.

In a report on the worldwide mpox situation published this week, WHO stated that the new strain of the disease may necessitate a new testing technique to detect mutations.

With specialists pointing out that fewer than half of Congo’s mpox patients are tested, Mbala-Kingebeni stated: “The risk is that unless patients themselves come forward, we will have a silent transmission of the disease and nobody will know.”

mpox

AP – VOR News Image

A New Form Of Mpox That May Spread More Easily Found In Congo’s Biggest Outbreak

According to Mbala-Kingebeni, the majority of people become infected through intercourse, with sex workers accounting for almost one-third of all mpox cases. It wasn’t until the 2022 worldwide mpox emergency that scientists discovered the disease was transmitted through sex, with the majority of cases affecting gay or bisexual men. WHO confirmed the first sexual transmission of mpox in Congo in November.

Mpox is classified into two types, or clades, related to smallpox and found in central and western Africa. Clade 1 is more severe, killing up to 10% of those afflicted. Clade 2 sparked the 2022 outbreak, and more than 99% of those afflicted survived.

Mbala-Kingebeni and colleagues stated they discovered a novel type of clade 1 that could be responsible for over 240 cases and at least three deaths in Kamituga, a location with a large transitory population going throughout Africa and beyond.

Dr. Boghuma Titanji, an infectious diseases expert at Emory University who was not involved in the study, expressed alarm about the new mutations.

“This suggests the virus is adapting to spread efficiently in humans and could cause some pretty consequential outbreaks,” she went on to say.

Vaccines and treatments were used to control mpox epidemics in the West, but few were accessible in Congo. Congo’s minister of health has authorized the deployment of vaccines in high-risk provinces, according to Cris Kacita Osako, coordinator of Congo’s Monkeypox Response Committee. He added officials are in talks with donor countries such as Japan to help pay for the doses.

“Once a sufficient quantity of vaccines is available … vaccination will be implemented as part of the response,” Kacita Osako, the minister of health, stated.

Dr. Dimie Ogoina, an mpox expert at Niger Delta University, believes the new findings are a frightening reminder of a previous — but distinct — outbreak.

mpox

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A New Form Of Mpox That May Spread More Easily Found In Congo’s Biggest Outbreak

“The notable spread among sex workers is reminiscent of the early stages of HIV,” he said, adding that biases about treating sexually transmitted infections and persons with mpox’s unwillingness to speak up were concerning.

Dr. Michael Ryan, WHO’s emergency chief, stated last week that, despite the continuous spread of mpox in Africa and elsewhere, “there has not been a single donor dollar invested.”

SOURCE – (AP)

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Walmart Will Close All Of Its Health Care Clinics

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Bloomberg - VOR News Image

On Tuesday, Walmart, the biggest retailer in the United States, announced that it would shut down all 51 healthcare centers in six states and terminate its virtual healthcare services.

In the past several years, Walmart has significantly expanded its presence in the healthcare industry. The company has opened clinics adjacent to its superstores in several states, including Arkansas, Florida, Georgia, Illinois, Missouri, and Texas.

These clinics provide a wide range of medical services, such as basic and urgent care, laboratory testing, X-rays, behavioral health services, and dental treatments. Walmart was confident that it could utilize its extensive financial resources and network of stores to provide convenient and affordable services to people in rural and underserved regions where access to primary healthcare was limited.

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Walmart – VOR News Image

Walmart Will Close All Of Its Health Care Clinics

However, this statement signifies a sudden change in Walmart’s approach, which could result in a lack of access to healthcare, especially for economically disadvantaged individuals without insurance who depend on these clinics. Additionally, Walmart announced its decision to discontinue virtual healthcare services.

One distinctive aspect was their emphasis on stores situated in underprivileged communities. Ateev Mehrotra, a professor of health care policy and medicine at Harvard Medical School who studies retail health clinics, expressed disappointment that Walmart was unable to succeed in providing care for individuals who have few options.

Walmart stated that its decision to discontinue its healthcare initiative was based on the lack of profitability due to the difficult reimbursement environment and increasing operating costs.

The organization stated that it has concluded that there is no viable and enduring business model for it to proceed with.

Mehrotra stated that Walmart’s closures indicate the difficulties faced by primary care professionals in the United States. The Association of American Medical Colleges predicts a potential deficit of up to 55,000 primary care physicians in the coming decade.

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CNN – VOR News Image

Walmart Will Close All Of Its Health Care Clinics

“This experience underscores the financial challenges that primary care faces as a whole.” “It truly reflects the challenges that primary clinics are encountering,” he stated.

Walmart has announced its intention to maintain the operation of its 4,600 pharmacies and over 3,000 optical facilities nationwide.

Walmart established clinics to address the needs of its customers who lack health insurance and those who have insurance plans with substantial deductibles and out-of-pocket expenses.

In 2020, Walmart CEO Doug McMillion indicated that the healthcare care field appeared to be a significant prospect shortly after the initial clinics were established.

High expenses and limited availability of primary healthcare services remain ongoing obstacles, particularly in rural regions. Walmart selected certain locations based on their higher prevalence of chronic diseases and lower number of primary care providers compared to the average towns in the United States.

In 2020, Marcus Osborne, the former vice president of health and wellness transformation at Walmart, informed CNN that those who frequently visited the clinics had not received medical attention from a primary care physician for two to three years or dental care for five years.

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CNN – VOR News Image

Walmart Will Close All Of Its Health Care Clinics

According to Robert Field, a professor of health administration and policy at Drexel University, Walmart encountered various difficulties with its health clinics, such as a scarcity of medical personnel.

According to him, the closures of Walmart demonstrate that success in the retail industry does not necessarily indicate success in the healthcare sector.

“Selling services is distinct from selling products such as toothpaste and breakfast cereal, and necessitates distinct expertise and management,” Field stated.

SOURCE – (CNN)

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What To Know About Zyn, The Tiny Nicotine Pouch That’s Sparked A Big Health Debate

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ZYN is a product that I would like to know more about.

Zyn is an oral pouch consisting of powdered nicotine and several flavorings such as mint, coffee, and citrus. Pouches represent the most rapidly expanding sector within the tobacco business, which has faced challenges for many years in trying to compensate for declining cigarette sales.

Philip Morris International promotes Zyn specifically to adult individuals who use tobacco. Despite the absence of tobacco, U.S. regulations classify it as a tobacco product.

Rival companies offer comparable merchandise. For example, Altria offers its own branded flavored pouches called On.

Users place them in the space between their lips and gums, allowing for a gradual delivery of nicotine that is taken into circulation at a low rate. Due to the absence of tobacco in pouches, spitting was unnecessary, which was common with traditional products such as chew and snuff.

According to Philip Morris executives, including solely nicotine in Zyn’s composition is one factor that makes it attractive.

“Individuals may hesitate to transition to an oral tobacco product if they perceive it to be comparable to conventional chewing tobacco,” stated Corey Henry, the company’s spokesperson. “Zyn places significant importance on consumer acceptability.”

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Is Zyn considered to be a healthier alternative to other tobacco products?

Tobacco products entail significant health hazards. Cigarettes are universally recognized as the most detrimental, heightening the probability of cancer, cardiovascular disease, and respiratory issues. Chewing tobacco is associated with the development of oral cancer, periodontal disease, and dental attrition.

However, during the past ten years, experts and health regulators have started recognizing varying degrees of risk associated with different tobacco products.

In 2019, the Food and Drug Administration declared that snus, an alternative oral tobacco product, contains fewer carcinogenic substances compared to cigarettes. This makes it a potentially advantageous option for smokers who choose to transition.

Snus and nicotine pouches, such as Zyn, share similarities, but the key difference is that Snus contains fermented tobacco. Research conducted in Sweden and other countries where smokeless tobacco is widely used has demonstrated a decreased incidence of lung cancer and related illnesses in comparison to European nations with higher rates of smoking.

Limited information is available regarding the long-term impacts of nicotine pouches, but many researchers anticipate that these pouches will exhibit comparably low levels of carcinogens and other harmful substances.

However, they are still secure. A recent investigation discovered that Zyn and comparable products contain minimal amounts of toxic chemicals, such as ammonia and formaldehyde.

zyn

Insider – VOR News Image

Will the FDA grant authorization for the use of ZYN among adult smokers?

Currently, FDA regulators are allowing Zyn to remain on the market while evaluating Philip Morris’ marketing application, which was filed in 2020.

To obtain FDA approval, corporations typically need to demonstrate that their products effectively decrease disease rates among adult tobacco consumers while also avoiding any appeal to teenagers and adolescents.

Contrary to the most recent official data. Last year, when polled, only 1.5% of high school and middle school students reported utilizing nicotine pouches. That figure is significantly lower than the approximately 10% of those who utilized electronic cigarettes.

However, anti-tobacco proponents highlight concerning indications: videos depicting young individuals consuming the pouches have accumulated millions of views on social media in recent months. Before the COVID-19 pandemic, there was a notable increase in online engagement that preceded the emergence of Juul, a stylish e-cigarette that has been severely criticized for contributing to a significant increase in teenage smoking.

The issue of Zyn becoming viral has ignited a contentious discussion among health professionals, parents, and even politicians.

The FDA is actively monitoring the usage of Zyn and other pouches among underage individuals and will intervene if deemed appropriate.

Only a limited number of items have received FDA approval to aid in smoking cessation. These include medicines, nicotine gums, and patches. According to several studies, Zyn functions similarly to those products by gradually administering nicotine, which helps to decrease cravings.

zyn

Bloomberg – VOR News Image

However, a preliminary study indicates that Zyn and other pouches may not be sufficient in aiding smokers to quit.

According to a recent study by researchers at Ohio State University, it takes smokers between 30 and 60 minutes to take in enough nicotine via Zyn to satisfy their cravings. Smokers were able to attain equivalent levels of nicotine and relief for five minutes by using cigarettes.

Philip Morris is only concerned with acquiring FDA approval to continue selling its products. In the future, the company intends to pursue a designation that recognizes its products as having a lower risk, comparable to snus. However, it is worth noting that no tobacco corporation, including Philip Morris, has ever made a formal request to the FDA for the approval of their products as aids to facilitate complete cessation of smoking.

SOURCE – (AP)

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