Cost Of Insulin Increased 200 Percent Between 2002 And 2013, Analysis Indicates.

reports a new study shows the cost of insulin has increased nearly 200 percent between 2002 and 2013. For the study researchers analyzed medical spending data from 27,878 people with diabetes and found that the average price of insulin rose 197 percent from $4.34 to $12.92 per mL, during that time frame. STAT (4/5, Silverman) reports that “meanwhile, the amount of money spent by each patient on other diabetes medications fell 16 percent, to $502 from $600.” The analysis “also found that the cost of various widely used oral diabetes drugs either dropped in price or did not rise nearly as significantly as insulin.” For example, Metformin, “which is available as a generic, fell to 31 cents in 2013 from $1.24 per tablet in 2002.” On the contrary, “the newer class of diabetes drugs known as DPP-4 inhibitors rose 34 percent since becoming available in 2006.” Also covering the story http://time.com/4282104/the-price-of-a-lifesaving-diabetes-drug-has-tripled-in-10-years/