Home Article Insulin prices increased threefold over 11-year period

Insulin prices increased threefold over 11-year period

By HME News Staff

Updated Wed April 6, 2016

YARMOUTH, Maine - The cost of insulin more than tripled—from $231 per year per patient in 2002 to $736 per year per patient in 2013, according to an analysis published in the Journal of the American Medical Association. The price for a milliliter of insulin increased 197%, from $4.34 to $12.92 during the same period. “Insulin is a life-saving medication,” said Dr. William Herman, a coauthor of the analysis and a professor of epidemiology at the University of Michigan School of Public Health. “While there have been incremental benefits in insulin products, prices have been rising.”