What other newspapers are saying: Pharmacy benefit practices must be reformed
In 2021, the FDA approved a new insulin drug, Semglee, that was interchangeable with a brand-name insulin called Lantus. Lantus cost $292 for a 30-day supply. Drugmaker Viatris launched two versions of its drug — Semglee cost $269 and a generic version cost $99 for the same amount, according to the Biosimilars Council. Now, in a rational world, insurers would immediately switch to the generic drug so patients with diabetes could save money. Instead, pharmacy benefit managers — which determine what drugs insurers cover under what terms — wouldn’t put the unbranded drug into ...