UPDATE 1-Health secretary nominee Azar says drug pricing a top priority

Alex Azar, a former drug industry executive who Republicans have nominated to run the U.S. Department of Health and Human Services, on Wednesday promised to lower drug prices that he said are too high, saying he would look at abuse of patent laws that delays generic competition. Azar, who worked at Eli Lilly & Co, said his top priorities would be drug pricing, affordable healthcare, Medicare innovation and the opioid crisis that has killed tens of thousands of Americans.

Insulin Prices Skyrocket, Putting Many Diabetics in a Bind

Insulin, a life-saving medication used to treat diabetes, was discovered nearly 100 years ago, yet the price of the drug has now spiked by 700 percent in just two decades. In early November, Sen. Bernie Sanders, the Vermont Democrat, pointed out that certain insulins had risen from $21 a vial in 1996 to $255 a vial in 2016.