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Manufacturing insulin isn't under patent or a trade secret is it? If the price of insulin rises, then manufacturing insulin becomes more economically viable, so
by coltonv 8y ago
Manufacturing insulin isn't under patent or a trade secret is it? If the price of insulin rises, then manufacturing insulin becomes more economically viable, so new players will enter the arena, thus driving the price down.
Is there any reason this wouldn't be subject to the normal laws of supply and demand?
- snowmaker 8y agoYou would think so, but the market is dysfunctional because of the regulatory complexity of the US healthcare system: https://health.usnews.com/health-care/for-better/articles/2018-06-29/whats-behind-the-rising-costs-of-insulin https://health.usnews.com/health-care/for-better/articles/20...
- Qwertystop 8y agohttps://www.cbsnews.com/news/how-drug-companies-keep-insulin-prices-high/ https://www.cbsnews.com/news/how-drug-companies-keep-insulin... Looks like a patent issue (every new improvement in production methods has its own patent, so the insulins for which patents have expired are lower-quality in one way or another) plus shipping costs (refrigerated bottled liquids with a shelf life <6 months).