Medicare Drug Savings Surge: 1 in 3 Seniors Now Pays Less Than $35 a Month for Insulin—Here’s How

There has been a cap put on how much seniors will pay for insulin, but many people don’t know that they could potentially pay even less. Pexels

Nationwide, an estimated 3.5 to 4 million older adults (seniors aged 65 and older) rely on insulin to manage their diabetes. Somewhere around one in three seniors has diabetes, and a significant portion of those individuals require daily insulin to survive.

For years, the cost of this life-saving medication became one of the most talked-about healthcare issues among retirees and advocacy groups. However, things are changing. Thanks to Medicare reforms that capped insulin costs for covered beneficiaries, millions of seniors are now paying no more than $35 per month for their insulin prescriptions. Here’s how the savings surge is actually happening, and how it is impacting seniors across the United States.