4 ms·

Is this a reference to the first Presidential debate? As a diabetic I was excited to hear when Trump said that he had made Insulin as cheap as water. However

Is this a reference to the first Presidential debate? As a diabetic I was excited to hear when Trump said that he had made Insulin as cheap as water. However it still looks like it costs around $300 per vial at my pharmacy.

Consultant32452 6y ago
https://www.forbes.com/sites/avikroy/2020/07/24/trumps-most-favored-nation-prescription-drug-executive-order-will-reduce-costs-for-seniors--taxpayers/#322fcecb1860 https://www.forbes.com/sites/avikroy/2020/07/24/trumps-most-... As one might expect, the pharma companies are fighting his executive order in the courts. Here's one article with some details.
- doomslice 6y ago
  There's also no timeframe for implementation, lacks specific implementation details, and the only teeth it seems to have is that these Federally Qualified Health Centers (FQHCs) may potentially be excluded from grants.
csa 6y ago
Yeah, my friend who has a daughter with Type 1 laughed her ass off at that comment.
crocodiletears 6y ago
I'll be the first to admit that I have very limited knowledge of the pharmaceutical industry, but from what I've gleaned, it's such a tangled, multi-tiered morass of different actors, contracts, and regulations, that it may be a few years before we see any movement on the market's pricing, if at all. I have a lot of hope for his ambitions to enact a favored nation's policy wrt Medicare's drug pricing, but since his administration's seemingly been lackluster on executing his order limiting insulin markups by federally funded clinics, I doubt his policies are anything other than paper tigers.
mensetmanusman 6y ago
Trump water has gold flakes, so it is still true for him.
souprock 6y ago
Prices have changed dramatically for some people. There were 4 executive orders about it in late July. Once was specific to insulin, but the important order enforces most-favored-nation status on drugs. The USA is supposed to get the cheapest international price. This won't help everybody. It has the same flaw as price-matching at Best Buy. The manufacturer could sell a different model in each country. For example, the USA gets one set of pill sizes (20 mg, 40 mg, 80 mg) and the rest of the world gets a different set of sizes (25 mg, 50 mg, 75 mg). To combat that obvious maneuver, the orders make it easier to import drugs. Americans had been getting in trouble for importing drugs, even if the same ones are sold here. This made it easy to have different prices in different countries. It was like DVD region enforcement. The orders change that, making it really hard for manufacturers to keep the USA price high. The type of insulin you get for "$300 per vial" might only be available in the USA, or it might actually cost that much (and seldom be prescribed) outside the USA. You might also be facing the issue of retail prices lagging behind wholesale prices. Check other retail locations.

Consultant32452 6y ago

https://www.forbes.com/sites/avikroy/2020/07/24/trumps-most-favored-nation-prescription-drug-executive-order-will-reduce-costs-for-seniors--taxpayers/#322fcecb1860 https://www.forbes.com/sites/avikroy/2020/07/24/trumps-most-... As one might expect, the pharma companies are fighting his executive order in the courts. Here's one article with some details.

doomslice 6y ago
There's also no timeframe for implementation, lacks specific implementation details, and the only teeth it seems to have is that these Federally Qualified Health Centers (FQHCs) may potentially be excluded from grants.

csa 6y ago

Yeah, my friend who has a daughter with Type 1 laughed her ass off at that comment.

crocodiletears 6y ago

I'll be the first to admit that I have very limited knowledge of the pharmaceutical industry, but from what I've gleaned, it's such a tangled, multi-tiered morass of different actors, contracts, and regulations, that it may be a few years before we see any movement on the market's pricing, if at all. I have a lot of hope for his ambitions to enact a favored nation's policy wrt Medicare's drug pricing, but since his administration's seemingly been lackluster on executing his order limiting insulin markups by federally funded clinics, I doubt his policies are anything other than paper tigers.

mensetmanusman 6y ago

Trump water has gold flakes, so it is still true for him.

souprock 6y ago

Prices have changed dramatically for some people. There were 4 executive orders about it in late July. Once was specific to insulin, but the important order enforces most-favored-nation status on drugs. The USA is supposed to get the cheapest international price. This won't help everybody. It has the same flaw as price-matching at Best Buy. The manufacturer could sell a different model in each country. For example, the USA gets one set of pill sizes (20 mg, 40 mg, 80 mg) and the rest of the world gets a different set of sizes (25 mg, 50 mg, 75 mg). To combat that obvious maneuver, the orders make it easier to import drugs. Americans had been getting in trouble for importing drugs, even if the same ones are sold here. This made it easy to have different prices in different countries. It was like DVD region enforcement. The orders change that, making it really hard for manufacturers to keep the USA price high. The type of insulin you get for "$300 per vial" might only be available in the USA, or it might actually cost that much (and seldom be prescribed) outside the USA. You might also be facing the issue of retail prices lagging behind wholesale prices. Check other retail locations.