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Belle of the Ranch

Let's talk about Eli Lilly, Biden, and change....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 5 March 2023

⏱️ 5 minutes

🧾️ Download transcript

Summary

Let's talk about Eli Lilly, Biden, and change....

Transcript

Click on a timestamp to play from that location

0:00.0

Well, howdy there internet people, let's bea again. So today we are going to talk about Eli

0:05.8

Loey and Biden and some good news that was pretty unexpected, but this is going to be massive for a whole lot of people.

0:20.0

Insulin is going to be capped at $35 per month out-of-pocket expenses.

0:27.0

This isn't just for seniors.

0:31.0

Eli Lilly has decided to bring the rest of their program in line with the

0:38.0

inflation reduction act. If you have private insurance this is going to happen automatically.

0:45.0

If you are uninsured, Eli Lilly has their own program.

0:48.0

I actually think it's called the co-pay assistance program, Eli Lilly co-pay assistance program where you register and you're going to get that same benefit.

0:57.0

$35.

1:01.0

Now, the Biden administration is obviously going to be like, look what we did.

1:08.0

Because the connection between the inflation reduction act and this I mean it's people are going to be able to ignore that

1:20.5

And it's not over I don't think that this is over yet. I think there is more to come.

1:27.0

Mainly because, well, Eli Lilly controls about 30% of the market.

1:33.0

You know, this applies to their products.

1:36.0

They're one company that has decided to do this.

1:39.0

But they're a huge company and they control about 30% of the market. The other companies, they're going to

1:46.2

fill a whole lot of pressure to follow suit. I don't think that this is going to be the last company to make an announcement like this.

2:01.0

This is one of those things that will end up being a a campaign piece for

2:09.5

Biden because by the time it's all said and done I would imagine that the two other big

2:14.4

companies they're gonna they're gonna do the exact same thing and he will have

2:18.9

lowered the cost of insulin for everybody in in the country. I mean that's that's a pretty big

2:28.1

win. Now Lily they honestly Lily, they, honestly, it just seems like they saw what's coming.

...

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