Insulin prices in the Senate hot seat: PBM and pharma finger-pointing continues as landscape shifts
The CEOs from Eli Lilly, Sanofi and Novo Nordisk and executives from top pharmacy benefit managers were in the hot seat on Capitol Hill on Wednesday, with senators on both sides of the aisle railing against the companies for keeping insulin list prices high and increasing out-of-pocket costs.
“The bottom line of this hearing is not complicated,” Senate HELP Committee Chair Bernie Sanders (I-VT) said in his opening remarks. “People are saying, ‘enough is enough.’ They are sick and tired of paying outrageously high prices … Too many Americans have died for rationing their insulin.”
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