5 ms·
In 2018, the average insulin price in the US was $98.70, compared to $6.94 in Australia, $12.00 in Canada, and $7.52 in the UK. This is a 100 year old drug.
by wvenable 5y ago
In 2018, the average insulin price in the US was $98.70, compared to $6.94 in Australia, $12.00 in Canada, and $7.52 in the UK. This is a 100 year old drug.
- pkphilip 5y agoCorrect. The price of Insulin has nothing to do with "funding research." It is simply price gouging - that's it.
- fennecfoxen 5y agoThe price of insulin specifically is largely a consequence of perverse regulatory incentives, particularly the Obamacare-related expansion of the 340B Drug Pricing Program and its mandatory, byzantine, opaque rebate structures. Don't think it's just the manufacturers who are at the center of this price gouging, not by a long shot; hospitals and pharmacies are all too happy to ride that gravy train.
- spicyramen 5y agoWhere can I find out more information about it.?
- AnthonyMouse 5y agoIt isn't a 100 year old drug. There are newer formulations that are faster acting, longer lasting, easier to administer, etc. They're newer so they're still under patent so they're a lot more expensive (because the rest of the world makes the US pay to develop the newer formulations). When insurance is paying for it, people prefer the newer formulations. Then, since most people have insurance, there wasn't enough of a market for the older formulations for anybody to bother making them for the margins you get for making a generic. So the prices were high for people paying out of pocket.
- prestigious 5y agoAt least give the option of the old shit
- AuryGlenz 5y agoWalmart sells vials of the generic “old shit” for cheap.
- xmprt 5y agoDo you have a source? I wasn't able to find any mention of it on Walmart's website.
- themaninthedark 5y agohttps://diabetesstrong.com/walmart-insulin/ https://diabetesstrong.com/walmart-insulin/
- JumpCrisscross 5y ago> At least give the option of the old shit It’s available. It’s just far less convenient and much easier to fuck up in a life-threatening way. The insulin price meme is a particularly bad one.
- watwut 5y agoIt is really not. The price disparity between US and rest of world is quite massive.
- kongolongo 5y agoThe often quoted prices do not take into account the actual price paid by consumers, the type of insulin being compared, or relative purchasing power of the countries. I don't actually know how if insulin is actually all that much more expensive across the world when taking those factors into account. Seems like cherry picking without controlling for all of those factors
- mlindner 5y agoIf it was actually 100 years old the patent would be expired. So you're actually seeing newer drugs that use the same name.
- cycomanic 5y agoI encourage you to look up evergreening. Pharmaceuticals are playing every (legal and illegal) trick to extend patent protection. The purpose of the new formulations is often only to extend patent protection. Together with extensive advertisement campaigns to get doctors to use the new formula not all.