Insulin Costs in the US Doubled From 2012 to 2016 A Type 1 diabetes patient could expect to pay $2,864 for insulin in 2012. By 2016, the cost had practically doubled to $5,705. The findings were released in a report from the Health Care Cost Institute (HCCI). Jeannie Biniek, HCCI, via NBC News So far this year, Novo Nordisk and French drugmaker, Sanofi, have raised insulin prices by close to 5%. More than one million Americans live with Type 1 diabetes. The United States has the highest prescription drug prices in the world.