This is a major problem. I have plenty of clients who must take insulin or die. The manufacturers know this, and so they maximize profits by raising prices to the point where only a few die. Insurance companies do little to help - in fact, they enable the problem by paying the going rate. And remember that clause that forbids Medicare to negotiate volume discounts? And they can’t shop Canadian either.
This might be the beginning of exciting news from Cigna, but right now it’s only helpful for a tiny number of people. If one insurer brought this price cap to the individual market, it would be huge - it would force the rest to get in line or lose a ton of members.
