Lawmakers working to lower prescription drug prices

Local News

People who suffer from diabetes will soon have access to a generic version of insulin. 

The announcement from the pharmaceutical company, Eli Lilly, comes just days after lawmakers in Washington, D.C. grilled drug company executives about prescription drug prices.

The company announced it will release a generic version of insulin, which will cost about half as much as the brand name Humalog, but Oregon Senator Ron Wyden is not impressed.

“Any price reduction is helpful but we have seen a lot of public relations acrobatics from these big drug companies,” said Senator Wyden.

Insulin prices are under investigation because the price went down from $20 a vile in 1996 to $275 a vile today.

Despite the cheaper insulin being released, lawmakers continue to investigate the hike in prices.

Senator Wyden has proposed three different bills aimed at lowering prescription costs.

In a recent hearing about prescription drug prices, pharmaceutical executives defended pricing.

“Merk’s mission is to save and improve lives by bringing forward breakthrough medicines and vaccines,’ said Merk & CO. CEO Kenneth Frazier

Proposed laws to regulate drug prices are gaining support in congress.

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Glen Mills

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 Glen is honored to be delivering the news of the day every weeknight at 5, 6, and 10 in his home state. He is an award-winning veteran journalist, who joined the ABC4 News team as a weekend anchor in June 2013. Over the years, he held various positions at the station as he worked his way up to the main anchor chair. He also serves as our Senior Political Correspondent and hosts Inside Utah Politics, which airs every Sunday. The Utah Headliners Chapter of the Society of Professional Journalists has recognized Glen as the best government and military television reporter in the state. Before returning home to Utah, he spent 11 1/2 years developing his journalism skills in other states. He held various on-air and management positions at KPVI in Pocatello, Idaho, WGBA in Green Bay, Wisconsin, and KKCO in Grand Junction, Colorado during that time. Read More...