US insulin charges are the highest in the world

[Tom Paine 1949]

More drug company propaganda from 2aguy …

“The sky will fall if we negotiate lower drug prices for insulin!”

And here are excerpts from a Mayo Clinic Proceedings commentary:

The 3 main reasons cited by pharmaceutical companies for the high cost of new prescription drugs do not apply to insulin. First, the “high cost of development” is not relevant for a drug that is more than 100 years old; even the latest and most commonly used analog insulin products are all over 20 years old.

Second, the pricing is not the product of a free market economy. Free market forces are clearly not operational; there is limited competition on price, the person who needs the product is not in a position to negotiate the price, and there is no relationship of price increases over time compared with overall market inflation. The price of insulin has risen inexplicably over the past 20 years at a rate far higher than the rate of inflation.

One vial of Humalog (insulin lispro), which used to cost $21 in 1999, costs $332 in 2019, reflecting a price increase of more than 1000%.

In contrast, insulin prices in other developed countries, including neighboring Canada, have stayed the same. Insulin pricing in the United States is the consequence of the exact opposite of a free market: extended monopoly on a lifesaving product in which prices can be increased at will, taking advantage of regulatory and legal restrictions on market entry and importation.Third, the arguments that high costs are needed for continued innovation and that attempts to lower or regulate the prices will hamper innovation are not a valid excuse.

There is limited innovation when it comes to insulin; the more pressing need is affordability.

The High Cost of Insulin in the United States: An Urgent Call to Action

Alec Smith was 23 when he was diagnosed with type 1 diabetes. He worked as a restaurant manager in Minnesota. At age 26, he could no longer stay on his mother’s health care insurance plan and needed to find his own coverage. On June 1, 2017, he was on his own. The insurance available to him came...

www.mayoclinicproceedings.org

 

[Tommy Tainant]

More drug company propaganda from 2aguy …

“The sky will fall if we negotiate lower drug prices for insulin!”

And here are excerpts from a Mayo Clinic Proceedings commentary:

The 3 main reasons cited by pharmaceutical companies for the high cost of new prescription drugs do not apply to insulin. First, the “high cost of development” is not relevant for a drug that is more than 100 years old; even the latest and most commonly used analog insulin products are all over 20 years old.

Second, the pricing is not the product of a free market economy. Free market forces are clearly not operational; there is limited competition on price, the person who needs the product is not in a position to negotiate the price, and there is no relationship of price increases over time compared with overall market inflation. The price of insulin has risen inexplicably over the past 20 years at a rate far higher than the rate of inflation.

One vial of Humalog (insulin lispro), which used to cost $21 in 1999, costs $332 in 2019, reflecting a price increase of more than 1000%.

In contrast, insulin prices in other developed countries, including neighboring Canada, have stayed the same. Insulin pricing in the United States is the consequence of the exact opposite of a free market: extended monopoly on a lifesaving product in which prices can be increased at will, taking advantage of regulatory and legal restrictions on market entry and importation.Third, the arguments that high costs are needed for continued innovation and that attempts to lower or regulate the prices will hamper innovation are not a valid excuse.

There is limited innovation when it comes to insulin; the more pressing need is affordability.

The High Cost of Insulin in the United States: An Urgent Call to Action

Alec Smith was 23 when he was diagnosed with type 1 diabetes. He worked as a restaurant manager in Minnesota. At age 26, he could no longer stay on his mother’s health care insurance plan and needed to find his own coverage. On June 1, 2017, he was on his own. The insurance available to him came...

www.mayoclinicproceedings.org

Hes a commie who hates the free market.

 

[initforme]

It's all about $$$$ - corporate greed. The insurance companies have their hands in politicians' pockets and want to keep it that way. As long as people vote to keep those in office that are already there, it will never change.

We have a winner. Many here want to protect big pharma.

 

[Cellblock2429]

Cost of Insulin by Country 2024

worldpopulationreview.com

I dont get this. The $35 was too expensive and the GOP crushed that.
Why do US diabetics get punished for their illness like this ?

Is it because big pharma owns the politicians ?

If they can offer insulin to the rest of the world at a reasonable price why cant Americans get it ?
It looks very much like a "free market" stitch up to me. My insulin is made by a |French company called Saniflo. They are listed on nasdaq as well.

How can they afford to sell it to the NHS at next to nothing and yet charge $90 a phial in the US ?

Somebody is protecting them. As ever the public pays the price, There doesnt seem to be any interest in a regulated market because politicians do not profit from that..

/———-/. Yeah. Try again Tommy…your guy screwed the pooch.

Biden Administration Rescinds Trump Administration Insulin Pricing Rule

One of the final healthcare actions made by the Trump Administration has been rescinded by the Biden Administration. On December 23, 2020, the Trump Administration finalized a rule that directed the Department of Health and Human Services (HHS) to ta

www.policymed.com

 

[Tom Paine 1949]

Cellblock2429 seems to have missed reading my comment # 96, which shows how his partisan “talking point” is basically a huge steaming pile of … well, call it what you will.

The most relevant part is here:

No surprise to see these attacks right in the middle of the huge Democratic struggle to pass a bill to cap maximum insulin prices for many millions of Americans who pay outrageous amounts for it now and to allow Medicare to negotiate — for the first time — to reduce the price of virtually all drug prices in this country. (Sadly, one in three U.S. seniors now suffer from diabetes.)

Here are two articles exploring the last minute Trump EO, showing how it was never actually implemented during his administration, was meant to have only very limited scope, considered inadequate and unwieldy by the federal health centers involved, and not aimed at lowering drug company prices but rather at targeting federal providers who already subsidized — or provided free — medical care to distressed communities.

Misleading claims cite Biden for insulin price increases
Yes, Biden stopped a Trump order to lower insulin costs, but it would not have helped most diabetics

 

[Cellblock2429]

Cellblock2429 seems to have missed reading my comment # 96, which shows how his partisan “talking point” is basically a huge steaming pile of … well, call it what you will.

The most relevant part is here:

No surprise to see these attacks right in the middle of the huge Democratic struggle to pass a bill to cap maximum insulin prices for many millions of Americans who pay outrageous amounts for it now and to allow Medicare to negotiate — for the first time — to reduce the price of virtually all drug prices in this country. (Sadly, one in three U.S. seniors now suffer from diabetes.)

Here are two articles exploring the last minute Trump EO, showing how it was never actually implemented during his administration, was meant to have only very limited scope, considered inadequate and unwieldy by the federal health centers involved, and not aimed at lowering drug company prices but rather at targeting federal providers who already subsidized — or provided free — medical care to distressed communities.

Misleading claims cite Biden for insulin price increases
Yes, Biden stopped a Trump order to lower insulin costs, but it would not have helped most diabetics

/---/ Trump fixed it - Joe broke it, Case closed.

 

[Synthaholic]

Grassley is a Goddamned liar.

 

[flan327]

Reported!

Thanks

I was concerned for your HEALTH papa

 

[Synthaholic]

 

[Cellblock2429]

Wut iz that stupid symbol?

/----/

Biden admin freezes Trump HHS rule meant to lower insulin prices​

Jan 23, 2021President Biden has been reversing or pausing some rules put in place under former President Donald Trump this week, including one designed to bring down the price of insulin. The Department of ...

 

[Tom Paine 1949]

Trump fixed it - Joe broke it, Case closed. — @Cellblock2429

What do you think you are accomplishing by responding in such a trolling manner? …. besides embarrassing yourself, I mean.

 

[surada]

sorry it was joey xiden that undid Trump EO lowering cost of the drug

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.nbcnews.com

 

[Bootney Lee Farnsworth]

Cost of Insulin by Country 2024

worldpopulationreview.com

I dont get this. The $35 was too expensive and the GOP crushed that.
Why do US diabetics get punished for their illness like this ?

Is it because big pharma owns the politicians ?

If they can offer insulin to the rest of the world at a reasonable price why cant Americans get it ?
It looks very much like a "free market" stitch up to me. My insulin is made by a |French company called Saniflo. They are listed on nasdaq as well.

How can they afford to sell it to the NHS at next to nothing and yet charge $90 a phial in the US ?

Somebody is protecting them. As ever the public pays the price, There doesnt seem to be any interest in a regulated market because politicians do not profit from that..

We have the most ignorant fat people in the world and the medical industry is bullshit.

Insulin resistance is the problem.

Eat 1 meal a day at 70-75% fat, 20-25% protien, 5% carbobydrates.

Boom!!! No insulin needed.

I just finished a 48-hour fast. I had very little cravings---no insulin resistance.

 

[Independentthinker]

Cost of Insulin by Country 2024

worldpopulationreview.com

I dont get this. The $35 was too expensive and the GOP crushed that.
Why do US diabetics get punished for their illness like this ?

Is it because big pharma owns the politicians ?

If they can offer insulin to the rest of the world at a reasonable price why cant Americans get it ?
It looks very much like a "free market" stitch up to me. My insulin is made by a |French company called Saniflo. They are listed on nasdaq as well.

How can they afford to sell it to the NHS at next to nothing and yet charge $90 a phial in the US ?

Somebody is protecting them. As ever the public pays the price, There doesnt seem to be any interest in a regulated market because politicians do not profit from that..

Say what you will but the new law will greatly reduce the cost of a small handful of expensive drugs such as insulin, while Big Pharma raises the prices of all other drugs not covered by the law, giving them the same net dollars they had to begin with. Democrats never understand the big picture and never think things through.

 

[Cellblock2429]

What do you think you are accomplishing by responding in such a trolling manner? …. besides embarrassing yourself, I mean.

/——-/ Pointing out the truth is now trolling? WOWZA

 

[skews13]

That was one of the stuttering fuck's first executive orders.... signed it in purple crayon if I remember right. Sealed it with drool.

joe-biden-suspends-trump-executive-order-to-lower-insulin-epinephrine-prices/

Wake up fatfuck.

 

[struth]

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.nbcnews.com

that doesnt change what i said.

no republicans voted for the dembot tax and inflation bill…none

 

[2aguy]

Cost of Insulin by Country 2024

worldpopulationreview.com

I dont get this. The $35 was too expensive and the GOP crushed that.
Why do US diabetics get punished for their illness like this ?

Is it because big pharma owns the politicians ?

If they can offer insulin to the rest of the world at a reasonable price why cant Americans get it ?
It looks very much like a "free market" stitch up to me. My insulin is made by a |French company called Saniflo. They are listed on nasdaq as well.

How can they afford to sell it to the NHS at next to nothing and yet charge $90 a phial in the US ?

Somebody is protecting them. As ever the public pays the price, There doesnt seem to be any interest in a regulated market because politicians do not profit from that..

You guys are fools to think this is anything other the destruction of the innovation, and miracle drugs.....this will just make all the other drugs cheaper and less common and you just refuse to see it..........how many people will die because of this democrat party insanity?

The package of price controls in the budget reconciliation bill would require Medicare to set prices for certain high-cost drugs and require drug manufacturers to pay rebates to the federal government when price increases exceed inflation. It uses the term “negotiation,” but it operates as a strict price control.


That’s because excessive penalties on drug manufacturers for not negotiating make it a negotiation drug companies can’t refuse. Meanwhile, the inflation rebates impose price controls on nearly all drugs covered by Medicare Part D, as well as brand drugs and biologics covered by Medicare Part B.

Europe’s drug manufacturing industry used to be the global leader, but this leadership position eroded over the past three decades and the U.S. now stands on top. Over the most recent five-year period from 2016 to 2020, the U.S. accounted for 138 of the new chemical and biological drug entities, followed by Europe at 64. Twenty years ago, Europe was on top.

The budget reconciliation bill’s strict price controls create a serious risk that the U.S. drug industry might follow in Europe’s footsteps.
To the benefit of–who else?–China. Much more at the link, and especially in the linked report.

There is reason to think that Joe Biden is beholden to the Chinese Communist Party because of corrupt business transactions he has profited from over the years. But what about the 50 Democratic senators? Do they seriously want to devastate America’s pharmaceutical industry, and transfer international leadership in drug innovation to the Communist Chinese?

Another Aspect of the Dem Disaster: Drug Price Controls

We have not yet taken the measure of the disaster that is the Democrats' 'Inflation Reduction Act,' perhaps the most absurdly named statute ever. One element of the law that has not gotten enough attention is its imposition of price controls on pharmaceuticals. Price controls are always, and...

www.powerlineblog.com

 

[Tom Paine 1949]

“You guys are fools to think this is anything other the destruction of the innovation, and miracle drugs.....this will just make all the other drugs cheaper and less common and you just refuse to see it..........how many people will die because of this democrat party insanity?” — @2aguy

How much are the drug companies paying you to spread this nonsense? Or is it just that you are a big investor in drug company stocks? You don’t even try to hide that you are a slave to ultra-partisan reactionary ideology. I got news for you Mister — your talk that the majority of Americans who want cheaper drug prices are “fools” advocating “the destruction of innovation and miracle drugs” … fools nobody.

Then you have the temerity to add that the parts of this bill directly helping seniors and those suffering diabetes will benefit … Red China? Really???

Are you saying authoritarian “socialist” China is actually more “capitalist,” “entrepreneurial” and “free enterprise” oriented than we are?

Are you a Trump supporter? A RINO conservative? Or just a drug company hack who demonizes liberals and progressives? It is clear you think American workers must pay outrageous prices — bribes — even for old drugs like insulin, or else the drug companies will wash their hands of all of us. Your arguments are even more gutless and absurd than those we often hear from the worst DNC Democrats!

 

[Synthaholic]

What do you think you are accomplishing by responding in such a trolling manner? …. besides embarrassing yourself, I mean.

He's getting a quick fix of hate dopamine. It's all they have, really. Hate, paranoia, thirst for revenge.