Doctors: Price of insulin has increased dramatically

Some Long Islanders with diabetes are telling News 12 that they are struggling to pay for insulin after a dramatic price increase in recent years.
Doctors say insulin is three times more expensive today than it was 10 years ago.
Those with diabetes told News 12 that the price increase has forced them to make difficult choices.
“I could end up in the hospital, so I have to make that sacrifice of spending $300, even if it's just to last me five to seven days,” says Leah Jackson, of Coram. She was diagnosed with diabetes at the age of 18 and depends on the drug to survive.
Dr. Joshua Miller, of Stony Brook Medicine, says the price increase has forced “life or death” decisions.
“Time and time again, they have to ration their insulin to make it last longer so they can afford it on a monthly basis,” says Dr. Miller.
There is currently no generic version of the drug, and Dr. Miller says the three manufacturers frequently raise their prices together for an unknown reason. He is calling on Congress to regulate the industry.
News 12 reached out to the three companies that manufacture insulin to find out why prices have been going up, but they did not respond.