In 2019, approximately 1.5 million people in the world died from diabetes complications. The primary treatment of diabetes outside of lifestyle changes is insulin.
However, if you’ve searched ‘insulin price’ online, you might be shocked to find out just how much money Americans are spending on insulin vials or pumps each year. Even with insurance and coupons, insulin prices remain elevated.
One way of curbing those costs is through an online Canadian pharmacy. A trusted pharmacy can reduce costs that make insulin much more affordable. If you have an interest in learning more about the prices of insulin and how you can save money, keep reading on!
What Is Insulin?
Insulin is one of the main lines of defense when treating diabetes. There are two main types of diabetes – Type 1 and Type 2. In both scenarios, either your body doesn’t create insulin or becomes resistant to using it.
Insulin is critical because it helps your body regulate the amount of glucose in your bloodstream. Overall, it functions in monitoring your metabolism, and without proper insulin levels, it can lead to death.
There are primarily four main types of insulin:
You can also find mixed-combination insulin for patients who need short and long-acting types. You can administer insulin in a few different ways, although syringes, pens, and pumps are the most common.
Over half of people diagnosed with diabetes use an insulin pump.
The cost of insulin depends on the type, mode of delivery, and amount. For example, rapid-acting insulin vials can cost patients as much as $400 if they don’t have insurance.
Even with insurance, people are struggling to keep up with this costly medication.
Why is the cost of insulin so high in the United States? The primary and most simple reason is that the United States does a poor job regulating pharmaceutical prices. There are three main producers of insulin in the United States, and all of them have continued increasing their costs.
Without other competition at a lower cost or more regulation, these companies have the freedom of setting their prices. The other side of the coin is that the government does not have the authority to reign in these prices.
Patents tend to make brand drugs more expensive in general. These patents can last up to twenty years before they expire, and other generic brands can enter the market and lower the cost.
Insulin has operated slightly differently. The prices remain elevated despite being around for years – this is a result of all the companies making insulin, keeping their costs around the same price.
On average, one vial of insulin costs just under $300. If you consider the average diabetic, most people need up to four vials per month.
Discounts on Insulin
When you Google ‘How much is insulin?’, you might receive a plethora of answers. The reason that there are varying prices on insulin derives from insurance, discounts, and types of pharmacies.
In some cases, people with high deductible plans accrue the entire cost until their deductible is met. For many young individuals, this can be thousands of dollars per year.
Other insurances typically require a co-payment. The co-payment may be between $30 to $50. Paying $50 per vial or month supply of insulin can still result in hefty prices throughout the year.
Additionally, many people who have diabetes are underinsured or uninsured. What about discounts on insulin?
Insulin companies have started offering discounts for insulin, but unfortunately, it is not making the impact many people would like to see. For example, you might have a discount for insulin that saves you $100.
However, insulin pens can cost up to $500. Many individuals will still pay hundreds of dollars, even with discount coupons or codes. Other options are patient assistance programs.
Buying Insulin Online
One of the cheapest alternatives for purchasing your insulin is through an online pharmacy. Canadian pharmacies can allow you to buy insulin at a fraction of the cost.
For example, Lantus is one of the most popular types of long-acting insulin, while Humalog is common rapid-acting insulin. Some people need different types of insulin to fully manage their diabetes.
What is the insulin cost online? The cost of Humalog for a 10 mL vial is just over $10 per unit or approximately $100 in total.
Online pharmacies can save Americans hundreds of dollars each month, while still providing safe, reliable, and effective medication. Canadian pharmacies offer cheaper costs because Canada has tighter regulations on pharmaceutical prices in Canada.
Canada regulates their prices through specific boards that look at prices around the globe for the same type of medication. From there, they set price caps for pharmaceutical companies.
Ultimately, this drives the price down and makes it more affordable for Canadian citizens and those looking at more affordable prices in America. If you are a bit apprehensive about shopping through an online pharmacy, here are some helpful tips and tricks.
First, make sure the pharmacy is asking you to upload your prescription. Your prescription for insulin should always be reviewed and approved by a qualified pharmacist. You should not be able to purchase the medication you do not have a prescription for.
Additionally, make sure there are areas on the company’s website where you can speak to a pharmacist or qualified representative.
Lower Your Insulin Costs
Your next insulin price does not have to cost you hundreds of dollars. You can save yourself the headache of shopping around for affordable insulin prices by choosing a reliable online pharmacy.
Our online pharmacy portal offers a variety of quality prescription medications at a fraction of the cost. Qualified pharmacists review your prescription. Afterward, you can simply upload your billing and shipping details.
Your prescription will be delivered directly to your doorstep. No more driving down to pharmacies or hassling with discount codes. Check out our website and upload your prescription today!