The Shining City Upon a Hill
Collapse
X
-
Re: The Shining City Upon a Hill
... this is a serious problem in the US! Many Americans drive to Canada to purchase insulin because of much lower insulin prices.
If President Biden can fix this, a lot of voters would be thrilled!
Never mind the boo-birds on this thread who want to argue first, think later.
Americans pay sky high prices because American drug companies charge skyhigh prices.
The US is a global outlier on money spent on the drug, representing only 15 percent of the global insulin market and generating almost half of the pharmaceutical industry’s insulin revenue.
The doctors and researchers who study insulin say it is yet another example — along with EpiPens and decades-old generic drugs — of companies raising the cost of their products because of the lax regulatory environment around drug pricing. “They are doing it because they can,” Jing Luo, a researcher at Brigham and Women’s Hospital, told Vox in 2017, “and it’s scary because it happens in all kinds of different drugs and drug classes.”
In countries with single-payer health systems, governments exert much more influence over the entire health care process.
America has long taken a free market approach to pharmaceuticals.
Drug companies haggle separately over drug prices with a variety of private insurers across the country. Meanwhile, Medicare, the government health program for those over age 65 — it’s also the nation’s largest buyer of drugs — is barred from negotiating drug prices.
That gives pharma more leverage, and it leads to the kind of price surges we’ve seen with EpiPens, recent opioid antidotes — and insulin.
“The list price of these products are already out of reach for most Americans living with diabetes — in some cases, over $300 a vial,” he said. “It is also strange to see Humulin still priced at over $150 a vial considering this product was first sold in the US in 1982.”
Drugmakers do this because they can
So insulin’s drug pricing problem is much bigger than anything one state — or drug company — alone can fix. But more changes in the market may be on the horizon.
The three major insulin makers — Eli Lilly, Novo Nordisk, and Sanofi — testified before the House Energy and Commerce’s oversight subcommittee last April, focusing more attention on the issue. Lawmakers, including Sens. Chuck Grassley (R-IA) and Ron Wyden (D-OR), have also been investigating the problem and sending letters to drug companies asking them to account for their outrageous price hikes.
But while the pressure around insulin may be mounting, we’re also seeing the terrible impact of rising insulin prices on patients: people being forced to taper off insulin so they can pay their medical bills, and winding up with kidney failure, blindness, or even death.
Some are forced to head to Canada, where drug prices are more heavily regulated and, according to the new NEJM editorial, where a carton of insulin costs $20 instead of the $300 patients often pay in the US. “Of course, there isn’t enough insulin in all of Canada to make large-scale importation feasible,” the editorial authors wrote.
One real solution to the problem, however, would be to bring a generic version of insulin to the market. There are currently no true generic options available (though there are several rebranded and biosimilar insulins). This is in part because companies have made those incremental improvements to insulin products, which has allowed them to keep their formulations under patent, and because older insulin formulations have fallen out of fashion.
But not all insulins are patent-protected. For example, none of Eli Lilly’s insulins are, according to the drugmaker. In those cases, Luo said, potential manufacturers may be deterred by secondary patents on non-active ingredients in insulins or on associated devices (such as insulin delivery pens).
There’s also “extreme regulatory complexity” around bringing follow-on generic insulins to market, Luo added. And that’s something regulators, such as the Food and Drug Administration, have been working to streamline. History has shown that their efforts are worthwhile: When cheaper generic options are introduced to the market, overall drug prices come down.
A century after insulin was discovered, it’s about time we had one!Comment
-
Re: The Shining City Upon a Hill
... this is a serious problem in the US! Many Americans drive to Canada to purchase insulin because of much lower insulin prices.
If President Biden can fix this, a lot of voters would be thrilled!
Never mind the boo-birds on this thread who want to argue first, think later.
Americans pay sky high prices because American drug companies charge skyhigh prices.
Then, in his first week in office, President Biden froze those regulations and then did out with them completely, and is now trying to "craft legislation" to "get the job done".........the job was already done, but Biden came in and voided it, because....."OrAnGe MaN bAd"!
Just fits his pattern of plagiarism to a T!
#LetsGoBrandon
#FJBOmertÃComment
-
Re: The Shining City Upon a Hill
Again, President Trump had legislation and regulations set in place to drop prices for insulin to the lowest levels ever seen.
Then, in his first week in office, President Biden froze those regulations and then did out with them completely, and is now trying to "craft legislation" to "get the job done".........the job was already done, but Biden came in and voided it, because....."OrAnGe MaN bAd"!
Just fits his pattern of plagiarism to a T!
#LetsGoBrandon
#FJB
That Presiden thas four years and nothing happened despite his claims.
They want this President, the one today and now, to make lower prices happen by a combination of price concessions from the drug companies and others in the health care channel to creating a generic insulin.Comment
-
Re: The Shining City Upon a Hill
... I do not think Americans who pay $1,000.00 a month for insulin really cares about giving the ex President credit for anything.
That Presiden thas four years and nothing happened despite his claims.
They want this President, the one today and now, to make lower prices happen by a combination of price concessions from the drug companies and others in the health care channel to creating a generic insulin.
The troops in Afghanistan wanted to come home alive to see their kids and parents. Because of Joe Biden, they're in the graveyard. Everything he's touched has turned to shit. And he's about to make inflation much worse and it's already killing the poor and middle class.Adversity temporarily visits a strong man but stays with the weak for a lifetime.Comment
-
Re: The Shining City Upon a Hill
The troops in Afghanistan wanted to come home alive to see their kids and parents. Because of Joe Biden, they're in the graveyard. Everything he's touched has turned to shit. And he's about to make inflation much worse and it's already killing the poor and middle class.
the WARS in Afghanistan is OVER the troops are either home or redeploy.
Thanks to President BIDEN
To bad Mississippi sucks come to Florida it's GREAT.
Jobs Jobs Jobs Everywhere
No worries about COVID19 here the GOVERNOR wants to infect everyone or you can bring it back with you.Comment
-
Re: The Shining City Upon a Hill
Unfortunately, 13 troops won't be coming home for the holidays this year because Biden killed them.Adversity temporarily visits a strong man but stays with the weak for a lifetime.Comment
-
Re: The Shining City Upon a Hill
GM takes a stake in electric boating start-up Pure Watercraft
blog post in OctoberComment
-
Re: The Shining City Upon a Hill
More liberal lies from the MSM.
Sent from my SM-G960U using TapatalkComment
-
Re: The Shining City Upon a Hill
Where do the materials come from to make the batteries? China
How is this " Building Back Better "?
Sent from my SM-G960U using TapatalkComment
-
Re: The Shining City Upon a Hill
... a 40 HP electric outboard engine and battery costs approx $12,000.00, emits no polutition, makes no noise, needs no gas, is low maintenance and needs no fluids. Comparable in cost to a gasoline engine +30%. The battery can recharge in two hours and run all day.
That price is outrageous. A 40 HP Mercury outboard motor costs $3,500.Adversity temporarily visits a strong man but stays with the weak for a lifetime.Comment
-
Re: The Shining City Upon a Hill
... good luck trying to buy one with an electric start at that price. Remember every boating season you do not have to buy gas or carry it ot the boat the entire time, year after year. after year.
... this innovation is only just getting started so over time the unit cost could come down.Comment
-
Re: The Shining City Upon a Hill
Comment
Comment