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Insulin prices double, causing many people with diabetes to turn to extremes
- bediger4000 7y agoStandard free market economics predicts that the price of a product will come down to the marginal cost of production. Since we're all free market fundamentalists these days, we have to ask "what is causing this unnatural price increae?" It can't be increased regulation: we in the USA have spent the last 30 years cutting red tape and slashing regulation (except for the most common regulations about "intellectual property"). Regulation has decreased, if anything. So what's the reason? Cartels holding the price high? This article relied on quotes from industry to say that manufacturer's prices haven't gone up much recently, and since multi-billion-dollar conglomerates are notoriously honest and transparent, I conclude that "middlemen" are the problem.