5 ms·

I am really anxious for the people that will lose their insulin because of this...

by rogerkirkness 7y ago

datashow 7y ago
If it does happen, for some people, it proves the whole system is wrong, not their own ideology.
profunctor 7y ago
Why would they?
- post_break 7y ago
  Because the manufacturers can decide to stop selling insulin in Illinois completely.
  - zentiggr 7y ago
    And as I said in another comment, let them make that decision... I would love to see them attempt to justify denying life saving medication in only one part of the country because money. Might just be the straw that would finally break their backs, and it's been too long coming.
    - post_break 7y ago
      There will be sacrificial lambs though. People will die because they can't drive out of state to get insulin. It might take a long time to force them to sell it at this cost, and they might win a lawsuit saying it's unenforceable, all while people die because of this legislation. Trust me, I don't like the companies doing this, but only passing the law setting a price ceiling without a secondary law requiring any company who was selling at the time the law was put in place to continue to sell is short sighted. Way too many situations where this ends up killing people.
save_ferris 7y ago
How will people lose their insulin over this?
- StillBored 7y ago
  Because, like some other drugs in the US, the drug manufactures will collude to create an artificial shortage?
  - 7777fps 7y ago
    At which point the government could produce more themselves. Why shouldn't governments own private industry if it still competes through the market?
    - bmelton 7y ago
      Just responding to the "Why shouldn't governments" argument, but the obvious counter-response to that is that (at least in its current iteration) the government is pretty bad on slapping its own hand. We see this at the heart of the criminal justice system, and we see its ill effects. That is slowly starting to change, and I think for the better, but it's still pretty bad. In competitive space, what do we do when the government fails to check itself against anti-competitive behavior?
- jerf 7y ago
  If you can only charge $100, but it costs $110, what happens isn't that it gets sold at $100 anyhow. What happens is that it doesn't get sold. Nobody has an obligation to manufacture insulin. I'm not saying the costs are $110. I don't know. I'm just explaining why this can result in lost insulin.
  - ceejayoz 7y ago
    It doesn't cost anywhere near $100 to produce a month's supply. https://www.vox.com/2019/4/3/18293950/why-is-insulin-so-expensive https://www.vox.com/2019/4/3/18293950/why-is-insulin-so-expe... > The US is a global outlier on money spent on the drug, representing only 15 percent of the global insulin market and generating almost half of the pharmaceutical industry’s insulin revenue. According to a recent study in JAMA Internal Medicine, in the 1990s Medicaid paid between $2.36 and $4.43 per unit of insulin; by 2014, those prices more than tripled, depending on the formulation.

I am really anxious for the people that will lose their insulin because of this...

datashow 7y ago

If it does happen, for some people, it proves the whole system is wrong, not their own ideology.

profunctor 7y ago

Why would they?

post_break 7y ago
Because the manufacturers can decide to stop selling insulin in Illinois completely.
- zentiggr 7y ago
  And as I said in another comment, let them make that decision... I would love to see them attempt to justify denying life saving medication in only one part of the country because money. Might just be the straw that would finally break their backs, and it's been too long coming.
  - post_break 7y ago
    There will be sacrificial lambs though. People will die because they can't drive out of state to get insulin. It might take a long time to force them to sell it at this cost, and they might win a lawsuit saying it's unenforceable, all while people die because of this legislation. Trust me, I don't like the companies doing this, but only passing the law setting a price ceiling without a secondary law requiring any company who was selling at the time the law was put in place to continue to sell is short sighted. Way too many situations where this ends up killing people.

save_ferris 7y ago

How will people lose their insulin over this?

StillBored 7y ago
Because, like some other drugs in the US, the drug manufactures will collude to create an artificial shortage?
- 7777fps 7y ago
  At which point the government could produce more themselves. Why shouldn't governments own private industry if it still competes through the market?
  - bmelton 7y ago
    Just responding to the "Why shouldn't governments" argument, but the obvious counter-response to that is that (at least in its current iteration) the government is pretty bad on slapping its own hand. We see this at the heart of the criminal justice system, and we see its ill effects. That is slowly starting to change, and I think for the better, but it's still pretty bad. In competitive space, what do we do when the government fails to check itself against anti-competitive behavior?
jerf 7y ago
If you can only charge $100, but it costs $110, what happens isn't that it gets sold at $100 anyhow. What happens is that it doesn't get sold. Nobody has an obligation to manufacture insulin. I'm not saying the costs are $110. I don't know. I'm just explaining why this can result in lost insulin.
- ceejayoz 7y ago
  It doesn't cost anywhere near $100 to produce a month's supply. https://www.vox.com/2019/4/3/18293950/why-is-insulin-so-expensive https://www.vox.com/2019/4/3/18293950/why-is-insulin-so-expe... > The US is a global outlier on money spent on the drug, representing only 15 percent of the global insulin market and generating almost half of the pharmaceutical industry’s insulin revenue. According to a recent study in JAMA Internal Medicine, in the 1990s Medicaid paid between $2.36 and $4.43 per unit of insulin; by 2014, those prices more than tripled, depending on the formulation.