Earlier quoted context omitted.
I always thought that when patents expire, a generics company will duplicate the drug (or treatment mechanism) and the prices will plummet to close to marginal cost due to competition. I get the impression that this happens in Europe, given the generic options that I am encouraged to choose when I’m picking up a prescription at the pharmacy. They are invariably cheaper. What is different for diabetes, or the United S…
Generics still require FDA approval, which costs on the order of single digit $millions to obtain. Plus you’ve got to set up the plant to create the drug, which costs more $. Would you invest $millions in a product when a competitor (who probably already has plant capacity from when they made the drug while it was under patent) could come in and undercut you at a moments notice? Obviously not - so the system ends up…
Why treating diabetes keeps getting more expensive
41–50 of 63 posts
Re: Why treating diabetes keeps getting more expensive
#42Earlier quoted context omitted.
You still need to have carbs in your diet, it wouldn't be healthy otherwise. Especially if you practice a sport. I eat whatever I want (mostly pasta usually) and I need 20 units a day at most. (100 units/ml dosage).
There's no dietary or metabolic need for carbohydrate. The human body can survive and thrive perfectly well with only fat and protein as macronutrients. Practically speaking, doing that is challenging and complicated because most foods are a mix of all three macronutrients.
Re: Why treating diabetes keeps getting more expensive
#43“I don’t think it takes a cynic such as myself to see most of these drugs are being developed to preserve patent protection,” said David Nathan, a Harvard Medical School professor. “The truth is they are marginally different, and the clinical benefits of them over the older drugs have been zero.” -- quote from article And there you have it. I have seen this myself. One year ago, the insulin I was on was removed from…
I always thought that when patents expire, a generics company will duplicate the drug (or treatment mechanism) and the prices will plummet to close to marginal cost due to competition. I get the impression that this happens in Europe, given the generic options that I am encouraged to choose when I’m picking up a prescription at the pharmacy. They are invariably cheaper. What is different for diabetes, or the United S…
But the insurance company masks the real price. All our insurance policies are getting more expensive and cover less because we are all paying for it, together. We all know it, but we all take the easy way out. Including me. You are right, it is deeply unethical.
Europeans more often think holistically about health care (and its cost), which is a good thing. In the US, health care (and its cost) is primarily driven by corporations whose primary goal is profits and shareholder value. They are not aligned.
Re: Why treating diabetes keeps getting more expensive
#44Earlier quoted context omitted.
Demand has gone up it hasn't risen exponentially. The manufacturers have colluded to raise the price. There is no reason for it to ever come down.
We live in the age of globalization and capitalism. There's bunch of cheap stuff coming from all over the world. Collusion on that scale is not possible. There's just more people suffering from diabetes T2 than ever before. Someone is just profiting off of large demand.
Re: Why treating diabetes keeps getting more expensive
#45Earlier quoted context omitted.
There's no dietary or metabolic need for carbohydrate. The human body can survive and thrive perfectly well with only fat and protein as macronutrients. Practically speaking, doing that is challenging and complicated because most foods are a mix of all three macronutrients.
But do you need sugar? Or you don't need either sugar nor carbs? It seems strange to me. EDIT: it seems that if you use only your fat, you'll end up producing too much Ketones which leads to Ketoacidosis. Doesn't sound good.
Re: Why treating diabetes keeps getting more expensive
#46“I don’t think it takes a cynic such as myself to see most of these drugs are being developed to preserve patent protection,” said David Nathan, a Harvard Medical School professor. “The truth is they are marginally different, and the clinical benefits of them over the older drugs have been zero.” -- quote from article And there you have it. I have seen this myself. One year ago, the insulin I was on was removed from…
I always thought that when patents expire, a generics company will duplicate the drug (or treatment mechanism) and the prices will plummet to close to marginal cost due to competition. I get the impression that this happens in Europe, given the generic options that I am encouraged to choose when I’m picking up a prescription at the pharmacy. They are invariably cheaper. What is different for diabetes, or the United S…
For some drugs, the manufacturers work the system, withdrawing their previous version from the market and launching a new version with some tweak. Withdrawing the old version makes it more difficult for someone else to get permission to manufacture and sell it.
The basic problem is that (the majority of) the engaged, wealthy part of the country gets their insurance from someone else and doesn't give a shit about how much medical stuff costs. And we have a medical system where the primary regulatory impact on prices is from capture.
Re: Why treating diabetes keeps getting more expensive
#47Earlier quoted context omitted.
Just to add a bit of a positive spin on this: even type-1 diabetics could take measures to both improve their health and reduce the amount of insulin they require. I consider myself moderately overweight at this point (maybe 10-15kg). If I lost weight, I could reduce the baseline amount of insulin I need every day, thus reducing the amount of insulin overall that I need to pay for. I also fully acknowledge that, upon…
You still need to have carbs in your diet, it wouldn't be healthy otherwise. Especially if you practice a sport. I eat whatever I want (mostly pasta usually) and I need 20 units a day at most. (100 units/ml dosage).
Re: Why treating diabetes keeps getting more expensive
#48Earlier quoted context omitted.
There's no dietary or metabolic need for carbohydrate. The human body can survive and thrive perfectly well with only fat and protein as macronutrients. Practically speaking, doing that is challenging and complicated because most foods are a mix of all three macronutrients.
But do you need sugar? Or you don't need either sugar nor carbs? It seems strange to me. EDIT: it seems that if you use only your fat, you'll end up producing too much Ketones which leads to Ketoacidosis. Doesn't sound good.
Re: Why treating diabetes keeps getting more expensive
#49Whats up with those US prices, Humalog more than $250 per vial? In Europe (Finland) non-subsidized price is $34.
Re: Why treating diabetes keeps getting more expensive
#50Interesting, the response in the UK has been to address this by attempting to pump money into programmes to to try and prevent type 2 diabetes or at least reduce its growth. Still too early to see how these efforts will be.