Lilly Capping Insulin Prices

[candycorn]

A developing story.

Drugmaker Eli Lilly caps the cost of insulin at $35 a month, bringing relief for millions

The move puts the drugmaker in line with a popular provision in the Inflation Reduction Act that capped the medication’s cost for seniors on Medicare.

www.nbcnews.com

 

[pknopp]

This is great for those who need insulin. What it means that isn't said though is they will raise other prices to maintain "shareholder value".

 

[strollingbones]

only after forced to...not outta the goodness of their hearts

 

[0311]

Remember strolling, ReNaziKlans want to remove caps on Insulin. Stop bitching and accept that it will happen.

 

[pknopp]

Remember strolling, ReNaziKlans want to remove caps on Insulin. Stop bitching and accept that it will happen.

I think it's great but I think everyone should be able to afford their medications.

 

[Biff_Poindexter]

Isn't the insulin this company makes laced with a dangerous toxin to turn your children in transgender albinos?

Many people are saying this...

 

[Tommy Tainant]

only after forced to...not outta the goodness of their hearts

This is socialism interfering in the market. It will not end well.

 

[TheGreatSatan]

Better stock up before it is unavailable.

35 dollars will be like 35 cents soon

 

[0311]

Republicans Vote To Block Cap On Insulin Costs For Many Americans From Democratic Deal.

Republicans block cap on insulin costs for many Americans from Democratic deal

Republicans stripped out a provision to cap insulin costs at $35 for private insurers, but the Inflation Reduction Act still includes an insulin price cap for seniors on Medicare.

www.cnbc.com

 

[Pellinore]

Yep, this was something government did to save a lot of real people hundreds of dollars a month, just like that, and the Republicans voted against it with full-throated zeal.

Democrats are absolute shit at pointing out their own wins, though. If every D politician just kept repeating "Yes, we did that, keep voting us in and there's more to come" without getting distracted or afraid or something, they'd landslide every time.

 

[Couchpotato]

So 90-95% of people taking insulin have type 2 diabetes. Type 1 is when the immune system attacks the cells in the pancreas and the body doesn't produce insulin anymore. Type 2 is when your fat ass eats waaay more sugar than you should, and you become insulin resistant. You are still producing insulin naturally but you've made it so your body doesn't react to that insulin and you need a pharmaceutical to take up the slack. We have known the cause of type 2 diabetes for decades now. Most of the reason these people are paying too much for insulin is because of their poor choices.
That said the pharmaceutical companies have also been generating newer and better versions of insulin which supposedly work better for those with type 1 diabetes. The data for type 2 seems to show that there isnt much difference, but doctors keep prescribing the newer more expensive versions of the drug. So it would seem that the culprit for this problem is 3 fold. The people shoving donuts in their face hole all their life and then wondering why they have health problems, the doctors for not prescribing the older cheaper versions of insulin and the big pharma who is no doubt pushing the "new and improved" insulin at doctors for everyone not just type 1 diabetics.

 

[candycorn]

Republicans Vote To Block Cap On Insulin Costs For Many Americans From Democratic Deal.

Republicans block cap on insulin costs for many Americans from Democratic deal

Republicans stripped out a provision to cap insulin costs at $35 for private insurers, but the Inflation Reduction Act still includes an insulin price cap for seniors on Medicare.

www.cnbc.com

Its a given that if something enhances the lives of the masses, the GOP will be dead set against it.

 

[Couchpotato]

Its a given that if something enhances the lives of the masses, the GOP will be dead set against it.

Wouldnt it just be simpler if doctors stopped prescribing the newer more expensive versions of insulin that pharma has developed for Type 1 not type 2 diabetes?

 

[alang1216]

View attachment 761592

A developing story.

Drugmaker Eli Lilly caps the cost of insulin at $35 a month, bringing relief for millions

The move puts the drugmaker in line with a popular provision in the Inflation Reduction Act that capped the medication’s cost for seniors on Medicare.

www.nbcnews.com

Thank you President Biden.

 

[candycorn]

Thank you President Biden.

Its a win for the good guys. Not sure how much Biden had to do with it...but he'll likely take credit. Can't blame him.

 

[Couchpotato]

Its a win for the good guys. Not sure how much Biden had to do with it...but he'll likely take credit. Can't blame him.

Can you explain why this is a good thing? Do you understand why the insulin is expensive?

 

[Grumblenuts]

^^^

How Despicable Are Big Pharmacies Insulin Price Gougers?

Listen now (2 min) | Profiteering is always bad, but there are degrees of profiteer. Level 1 includes your everyday price gougers, like banks and airlines. At Level 2, you’ll find the more demonic outfits like loan sharks and for-profit college hucksters. Then top of the heap at Level 3, you’ll...

jimhightower.substack.com

 

[Thunk]

How did this ever get started?

It's not like insulin is a new drug.

All of a sudden (when trump was president) everybody started bitching about the price of insulin.

Was the price raised? Did insurance companies stop paying for it?

What happened?

 

[Couchpotato]

How did this ever get started?

It's not like insulin is a new drug.

All of a sudden (when trump was president) everybody started bitching about the price of insulin.

Was the price raised? Did insurance companies stop paying for it?

What happened?

Drug companies do what drug companies do. They modify it just enough to get the patent extended. Its also difficult to make generics because it’s a biologic.

Why Is There No Generic Insulin?

Almost all medications seem to come in cheaper off-brand versions known as “generics.” So why isn’t this true for insulin?

www.healthline.com

As to why it’s such a big deal now vs before I’m not sure. The sheer number of fat people with diabetes is such that it’s tipped the scale?