Just over 9 percent of the American population has diabetes, according to the Center for Disease Control. And people who use insulin to control it can spend over $700 a year on this life-saving medicine — more than triple what it cost in 2002.
Like many other medicines, the price of insulin can vary depending on where you get it. In an interview with Consumer Reports, Dr. Jeremy A. Greene said Walmart is the cheapest place in the country to get insulin because high demand keeps the retailer’s prices competitively low. According to Greene, Walmart sells Novolin N for just $25, whereas the same product, without a coupon, can be over $160 at competitors like Walgreens, Target and CVS.
While Insulin prices are always cheaper at Walmart, there is one distinct difference. Diabetes patient Roger J. Willard said, “Walmart’s insulin comes in vials, so you have to use syringes. It’s not as convenient as the insulin pens, but it works for me. No other pharmacy or store beats the price — a lifesaver for many.”
Related: Why Prescription Drugs Are Rising — And How You Can Save