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Axios

Health

Under pressure, Eli Lilly cuts insulin prices 70%

Lilly Eli Lilly Joe Biden

Eli Lilly is slashing prices on its most-prescribed insulins and capping out-of-pocket costs for patients amid pressure from consumers and the Biden administration.

Driving the news: After years of price hikes on insulin, Lilly on Wednesday said people with diabetes would see 70% reductions on its most common versions.

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