Lake County state's attorney suing insulin manufacturers and sellers
The complaint asserts major insulin producers and sellers have worked together to raise the price of the diabetes treatment from $20 per vial in the 1990s to up to $700 per vial now.
"These defendants have illegally conspired to unfairly increase their profits. Fair competition and enhanced technology should be driving prices down, but the defendants' scheme raised prices on a drug that is necessary for millions," Rinehart said."We seek to recover costs that unfairly burdened Lake County as a result of this illegal pricing scheme."
"Pharmaceutical companies alone set the list price for their products," DeAngelis said."Nothing in our agreements prevents drug manufacturers from lowering the prices of their insulin products and we would welcome such action."Daphne Dorsey, a spokeswoman for Eli Lilly, said the allegations in the lawsuit are meritless and that the company's insulin is now available for $35 per month or less.
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