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On March 07, 2024, Boehringer Ingelheim announced it would be instituting a $35 per month out-of-pocket cost cap for its portfolio of inhaler products, with this cap going into effect on June 01, 2024.
Boehringer Ingelheim will be putting a self-imposed $35 per month cap on out-of-pocket costs for patients to obtain items in its portfolio of inhalers.
Announced on March 07, 2024, Boehringer Ingelheim disclosed its intent to have the $35 cap, which will apply to all of the company’s inhalers at retail pharmacies beginning on June 1, 2024, as a measure to help decrease costs to vulnerable patients with asthma or chronic obstructive pulmonary disease (COPD), including the underinsured or uninsured.1
“Patients have counted on Boehringer Ingelheim for nearly 140 years to tackle challenges across diseases, including respiratory illnesses,” said Jean-Michel Boers, president and chief executive officer of Boehringer Ingelheim USA Corporation.1 “The U.S. healthcare system is complex and often doesn’t work for patients, especially the most vulnerable. While we can’t fix the entire system alone, we are bringing forward a solution to make it fairer. We want to do our part to help patients living with COPD or asthma who struggle to pay for their medications. This new program supports patients with predictable, affordable costs at the pharmacy counter. We will also continue to advocate for substantive policy reforms to improve the healthcare system.”
With asthma and COPD representing 2 of the most common pulmonary conditions in the US, the update from Boehringer Ingelheim has the potential to impact lives for millions in the US. According to statistics from the US Centers for Disease Control and Prevention, more than 15 million in the US are burdened with COPD and, although the rate of death from COPD has declined, the overall prevalence numbers have remained consistent for nearly a decade. Asthma presents a similar story, with asthma reported among 8% of adults and 6.5% of children in the US. Based on national estimates, approximately 25 million, including 5.5 million children, are subjected to the burdens associated with the disease.2,3,4
According to the American Lung Association, a patient with COPD pays an average of $4322 per year on disease-associated medical costs, ranging from $1681 per year among stage 1 patients to $10,812 per year among stage 3 patients. For asthma patients, the medical cost per patient each year was $3266, with asthma costing the US around $56 billion per year and $50.1 billion of that being direct costs.3,5
Specific inhaler products highlighted as part of the June 1, 2024, price cap within the release from Boehringer Ingelheim included:1
In addition to capping the out-of-pocket costs of the aforementioned products, Boehringer Ingelheim also pointed out it would continue to provide access to free products for eligible patients and comprehensive patient support programs. The announcement also highlighted the company’s intent to decrease the list price on some of its inhaler products as well as to continue providing significant discounts and rebates off the list price of its medicines to insurers, pharmacy benefits managers, and other parties.1
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