Walmart seeks to bring “everyday low prices” to healthcare.
They announced the launch of a version of insulin that will be less expensive for people who do not have health insurance or who struggle to pay the cost of life-saving drugs.
“These products will save customers 58% to 75% of the cash price of brand name analog insulin products, resulting in savings of up to $ 101 per branded vial or $ 251 per pack of FlexPens brand, “the company said. in a new version this week.
Starting this week, Walmart will sell its own private label version of insulin analog (a newer, more reliable form of the drug) to anyone with a prescription. Called ReliOn NovoLog, it will also be available at Sam’s Club in mid-July.
Insulin will cost around $ 73 for a vial or around $ 86 for a pack of pre-filled insulin pens.
“We know that many people with diabetes struggle to manage the financial burden of this condition and we are focused on helping by providing affordable solutions,” said Dr. Cheryl Pegus, executive vice president of Walmart Health & Wellness. “We also know that this is a condition that disproportionately impacts underserved populations.”
“With ReliOn NovoLog insulin, we are adding a high-quality diabetes medication to the already affordable ReliOn product line and continue our commitment to improving access and reducing the cost of care.”
ReliOn products include private label, cheaper versions of blood glucose monitors, lancets, and other essentials for diabetes management.
According to CNBCUS lawmakers have screened diabetes drug companies in the past, such as Eli Lilly and the French company Sanofi, for raising prices in the past two decades, prompting Sanofi to implement a limited price reduction program. .
Walmart worked directly with manufacturer Novo Nordisk to cut costs.
“We hope this price will improve and hopefully revolutionize the accessibility and affordability of insulin,” said Dr. Cheryl Pegus, executive vice president of health and wellness at Walmart.
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