11–20 of 232 posts
Doesn’t make a lot of sense. Generic insulin’s are already being made. Why not just buy those?
Presumably they're going to make good insulin people can actually use, rather than pig insulin that practically doesn't work.
I'm guessing it will be generic and the high speed rail will be used to deliver it.
Doesn’t make a lot of sense. Generic insulin’s are already being made. Why not just buy those?
Doesn’t make a lot of sense. Generic insulin’s are already being made. Why not just buy those?
https://www.healthline.com/diabetesmine/why-is-there-no-gene... It’s complicated
Knowing California, all the $50 million will be spent on environmental reviews and lawsuits brought by NIMBYs.
it's obvious that many medical supplies have an inelastic demand so are easily manipulated. When the market fails governments need to step in.
it's obvious that many medical supplies have an inelastic demand so are easily manipulated. When the market fails governments need to step in.
Doesn’t make a lot of sense. Generic insulin’s are already being made. Why not just buy those?
Because capitalism is extremely inefficient? Insulin in the US is 5x the cost in Canada [0]. [0] https://pubmed.ncbi.nlm.nih.gov/35135692/
Probably wishful thinking but would be great.
Doesn’t make a lot of sense. Generic insulin’s are already being made. Why not just buy those?
"I am an endocrinologist working in the biopharmaceutical industry, and it surprises me that we still need to scapegoat drugs like insulin for high drug prices (“Injecting Some Insulin Reality,” Review & Outlook, April 6). Absent from the discussion is the dramatic improvements in marketed insulins over the past 25 years.
When we talk about modern insulin therapy, we aren’t talking about the old insulins. These agents required patients to carefully plan what they ate well before they did—they should rightly be cheap. Modern insulins allow patients better control of blood sugar and more flexibility. It takes large investments to develop medications. How much is it worth to not have to determine what you will put in your mouth 30 minutes prior to doing so? It is good those days are over."
— Coleman Gross, M.D. Letter to the Wall Street Journal, published there 14 April 2022.
it's obvious that many medical supplies have an inelastic demand so are easily manipulated. When the market fails governments need to step in.
Healthcare is the most heavily regulated industry in the US. Many of those regulations were written specifically to minimize or eliminate the influence of market forces. You can't reasonably say the market has failed when it has been so tightly constrained by regulation.