In 2012, a person using insulin paid $7.80 for an average amount of insulin per day. In 2016, that had risen to $15.
The price of insulin has doubled per person over the last 5 years, even though the number of users certainly hasn't.
In fact, the average daily insulin use during the same period rose just 3 percent, according to a study from the Health Care Cost Institute. The study authors said that the per-person spending increase is due to price jumps, not more users.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
