- Lilly wants to set the price at, to pick a random number, $100 per bottle.
- PBM says "I need to tell the insurance company I saved them 50%, so you have to charge _my_ client 50% of list price"
- Lilly wants their business, so changes the list price to $200.
- Then Lilly "graciously" lets people without insurance use a coupon to _only_ pay $100 for it.
Everybody gets to pretend they're the good guy. But the insulin costs $5 to make.. so really, they're not (once again, made up numbers).
My curiosity got the better of me, so I rang up my mother who's had type 1 since childhood.
She said 5x3ml vials of Lispro (or just about any brand) was approx. $40 in the pharmacy.
Once she's spent more than $275-ish in a calendar year, the insulin is free (well, tax funded) until December 31st.
This is in Norway, where the state presumably negotiates good deals with big pharma as they are basically a single customer buying goods for however many of a population of 5.5M need insulin (injected, that is)