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CLAIM #36597 · Eli Lilly and Company (LLY) · 2022Q2 earnings call · Aug 4, 2022 · due Aug 4, 2023

On the cash pay side, we expect the percent of cash paid to follow our percent access in the marketplace.

Mike B Mason · President of Lilly Diabetes

PENDING
graded after results covering Aug 4, 2023 are reported

In context

ss, first off, can you talk about how pronounced the cash pay component was of the early kind of Majoro number? And then how you expect maybe that to evolve? And then separately, maybe coming back to the drug pricing question but from a different angle, it would appear that Lilly could be one of the main beneficiaries from lower out-of-pocket costs on that side and you think about sort of improvement in compliance. So can you maybe help frame that impact or maybe think about how compliance today differs in the U.S. versus maybe other markets where those out-of-pocket costs or not it can don’t exist? Unidentified Analyst: Thanks, Carter. Mike, for the first question. I'm on Dave [ph] for the follow-up on the drug pricing reform and the impact. Mike Mason: Carter, thanks for the question. On the cash pay side, we expect the percent of cash paid to follow our percent access in the marketplace. What we've seen so far, again, I reiterate what I said earlier, that we have both Part D and commercial access for Humana, Express Scripts on the National Preferred Formulary and Cigna. If you add that up, that's a little over 20% of the national lives. And so I think that's probably the best estimation of what you probably see with the cash pay. Unidentified Analyst: Thanks, Mike. Dave … Dave Ricks: Yes. Carter, I think you're pointing out something as I mentioned, we would be supportive as a freestanding measure of the Part D reforms that are in this reconciliation package for a bunch of reasons. One, it does, I think, more fairly distribute the burden of the industry pay for into Part D. Today, the way the donut hole math works, if you go back a couple of years, we had a lot of earnin

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SEC filings for LLY · Claim quote is verbatim from the 2022Q2 earnings call.