7 ms·
what a weird way to justify it. the patents on insulin expired decades ago so why does it cost $400 for uninsured? it doesn't cost pharma companies $400 to prod
by perfectstorm 4y ago
what a weird way to justify it. the patents on insulin expired decades ago so why does it cost $400 for uninsured? it doesn't cost pharma companies $400 to produce a vial (or $200 or $100). this is pure greed.
edit: say their insurance covers 80% of the cost, the patient still has to pay $80 (at $400). if the cost of a vial was $20, they only pay $4 which is more reasonable.
- pishpash 4y agoIf the patents expired and it doesn't cost $400 to manufacture it then why doesn't everyone manufacture it?
- fzeroracer 4y agoIn a similar analogy: Starting up your own ISP is cheap. So why don't more people start ISPs rather than being limited to a small selection of providers? Lobbying, start-up costs and more can all be contributing factors. Something can be exceedingly cheap to manufacture, but then you gate others from manufacturing through other fashions. Or they just outright buy out your manufacturing capabilities for pennies, then turn around to sell the insulin at massive profits again.
- nybble41 4y agoPatents are only one of the varieties of monopolies which apply in the field of medicine. The FDA imposes several more. Even after the patents have officially expired and you've developed your own safe & effective alternative you may not be able to get it certified because the FDA has a prior agreement with the existing manufacturers to guard their product from competition.