U.S. economy grows at blockbuster pace in third quarter

Eli Lilly announced they are lowering the cost of insulin by 70% and capping what patients pay out-of-pocket for insulin at $35. This action, driven by the momentum from the Inflation Reduction Act, could benefit millions of Americans with diabetes in all fifty states and U.S. territories.Mar 2, 2023


INDIANAPOLIS, March 1, 2023 /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) today announced price reductions of 70% for its most commonly prescribed insulins and an expansion of its Insulin Value Program that caps patient out-of-pocket costs at $35 or less per month. Lilly is taking these actions to make it easier to access Lilly insulin and help Americans who may have difficulty navigating a complex healthcare system that may keep them from getting affordable insulin.

Today, Lilly is reducing the list price of insulins by:

Cutting the list price of its non-branded insulin, Insulin Lispro Injection 100 units/mL, to $25 a vial. Effective May 1, 2023, it will be the lowest list-priced mealtime insulin available, and less than the price of a Humalog® vial in 1999.

Cutting the list price of Humalog® (insulin lispro injection) 100 units/mL1, Lilly's most commonly prescribed insulin, and Humulin® (insulin human) injection 100 units/mL2 by 70%, effective in Q4 2023.

Launching RezvoglarTM (insulin glargine-aglr) injection, a basal insulin that is biosimilar to, and interchangeable with, Lantus® (insulin glargine) injection, for $92 per five pack of KwikPens®, a 78% discount to Lantus, effective April 1, 2023.

"While the current healthcare system provides access to insulin for most people with diabetes, it still does not provide affordable insulin for everyone and that needs to change," said David A. Ricks, Lilly's Chair and CEO. "The aggressive price cuts we're announcing today should make a real difference for Americans with diabetes. Because these price cuts will take time for the insurance and pharmacy system to implement, we are taking the additional step to immediately cap out-of-pocket costs for patients who use Lilly insulin and are not covered by the recent Medicare Part D cap."

In addition to reducing the list price of its insulins, Lilly is making it easier for more people with diabetes to get Lilly insulins:

Effective immediately, Lilly will automatically cap out-of-pocket costs at $35 at participating retail pharmacies for people with commercial insurance using Lilly insulin.3

People who don't have insurance can continue to go to InsulinAffordability.com and immediately download the Lilly Insulin Value Program savings card to receive Lilly insulins for $35 per month.

"We are driving for change in repricing older insulins, but we know that 7 out of 10 Americans don't use Lilly insulin. We are calling on policymakers, employers and others to join us in making insulin more affordable," continued Ricks. "For the past century, Lilly has focused on inventing new and improved insulins and other medicines that address the impact of diabetes and improve patient outcomes. Our work to discover new and better treatments is far from over. We won't stop until all people with diabetes are in control of their disease and can get the insulin they need."
there is different types of insulin synth.....what is described up there is some of the cheaper ones......lispro is short acting....so is humalog meaning they last around 4 hours...rezvoglar is considered a biologic...lantus is a 24 hour one....but they are saying a 5 pack for 92.00....thats still expensive....and so far its only for people on medicare....
 
/----/ Yeah, governors shutting down their state economies for two years had nothing to do with it, you blithering idiot.

correct it does not since that did not happen anywhere except in your

spongebob-squarepants-spongebob.gif
 
that does not mean the state was "shutdown" for 2 years. It just meant they could focus more money fighting COVID.

are you honestly this stupid? You think there was no business done in the whole state of NY for two years?
/-----/ Are just playing stupid to get attention?
Although the U.S. has passed the two-year mark since the arrival of COVID-19, the country is still working to recover from the economic toll of the pandemic.

In March 2020, the U.S. shut down its economy, shuttering businesses and telling all nonessential workers to stay at home in an attempt to slow the spread of COVID-19.

The sudden shutdown took a drastic toll on the U.S., as businesses shed millions of jobs in an attempt to stay afloat and two presidential administrations had to use executive orders and pass massive spending bills to try to stave off economic collapse.

Overall, the economy shed more than 850,000 jobs in March 2020 before a whopping 20.5 million were lost in April, leading to the unemployment rate climbing all the way to 14.7 percent.
 
Great president, or the greatest president? Trump never had close to 4.9% growth in any quarter. He promised it, but as always, he couldn't deliver.

U.S. economy grows at blockbuster pace in third quarter

GDP grew at an annual rate of 4.9 percent from July to September, the highest reading since 2021​


The U.S. economy grew by an annualized rate of 4.9 percent in the third quarter, the strongest pace since 2021, as spending — by families, businesses and the government — accelerated, even in the face of fast-rising borrowing costs.

Get a curated selection of 10 of our best stories in your inbox every weekend.
New government data released Thursday by the Bureau of Economic Analysis shows that gross domestic product expanded between July and September, capping five straight quarters of growth and eluding a long-feared recession.

The economy’s resilience is a product of a strong job market and extra pandemic savings, which have made it possible for people to keep spending despite inflation and rising interest rates. Robust government hiring — including 214,000 new jobs between July and September — also added to overall strength.

What’s particularly remarkable is that the economy grew so strongly amid the highest interest rates in more than 15 years, as the Federal Reserve tries to cool the economy down to curb inflation.
Yeah, about that line!

Prices Rise More Than Expected as Inflation’s Grip on Economy Persists

JOHN CARNEY 27 Oct 2023

The cost of goods and services rose 0.4 percent for a second consecutive month in September, challenging the view that the Federal Reserve’s rate hikes are still bringing down inflation.

The personal consumption expenditure price index was expected to cool slightly from the prior month.

 
Thanks to both parties reckless spending and borrowing money, even with a booming economy, we still have too much cheap money sloshing around the world and markets.

It may not be until 2026 before inflation is down to even 3%.

Both parties are at fault.
 
/-----/ Are just playing stupid to get attention?
Although the U.S. has passed the two-year mark since the arrival of COVID-19, the country is still working to recover from the economic toll of the pandemic.

In March 2020, the U.S. shut down its economy, shuttering businesses and telling all nonessential workers to stay at home in an attempt to slow the spread of COVID-19.

The sudden shutdown took a drastic toll on the U.S., as businesses shed millions of jobs in an attempt to stay afloat and two presidential administrations had to use executive orders and pass massive spending bills to try to stave off economic collapse.


Overall, the economy shed more than 850,000 jobs in March 2020 before a whopping 20.5 million were lost in April, leading to the unemployment rate climbing all the way to 14.7 percent.

That is all very nice, but where does it say the state was shut down for two YEARS?

Even your own link says people were getting back to work by June and July.
 
Because of our great president Joe Biden, Medicare can now negotiate drug prices. So meds will cost less.

Trump promised, but Biden delivered.

And gas is averaging $2.99 per gallon nationwide. If you can't afford that on your gummint handouts then go get a job, bum.
i-pK9qS9R-S.jpg

GASOLINE EASES AGAIN, RELIEF COMING FOR WEST COAST

By GasBuddy | October 2, 2023

For the second straight week, the nation’s average price of gasoline has fallen, posting a decline of 3.5 cents from a week ago to $3.77 per gallon yesterday according to GasBuddy data compiled from more than 11 million individual price reports covering over 150,000 gas stations across the country. The national average is up 2.8 cents from a month ago and 1.0 cents per gallon lower than a year ago. The national average price of diesel has fallen 0.7 cents in the last week and stands at $4.52 per gallon, 36.2 cents lower than one year ago.

 

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