3 ms·
You are being downvoted but you are entirely correct. Pricing for medications in the US, including insulin, follows an absolutely nightmarish set of rituals due
by bart_spoon 4y ago
You are being downvoted but you are entirely correct. Pricing for medications in the US, including insulin, follows an absolutely nightmarish set of rituals due to the need to gain access through insurers. Eli Lilly’s financials are publicly available, their revenue per unit of insulin has largely kept pace with inflation. The skyrocketing costs of the sticker price of insulin is entirely due to the lack of a universal public insurance option in the US leading to the horrific rebate system we currently have, which largely benefits insurers and PBMs. Pharma companies come out neutral (from a revenue perspective, definitely negative from a PR perspective), and consumers, particularly those on high deductible plans or without insurance, are gutted.
- vasco 4y agoI haven't downvoted, but if you look there the original price was ~$20, now the net that the other user shared was ~$60. Even like that it's still a 3x for no reason.
- refurb 4y agoWhen was it $20? It hasn't been less than $60 since 2009. https://www.businessinsider.com/insulin-price-increased-last-decade-chart-2019-9 https://www.businessinsider.com/insulin-price-increased-last...