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Insulin is way too expensive. California has a solution: Make its own

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41–50 of 273 posts

Re: Insulin is way too expensive. California has a solution: Make its own

#41

Seems to be a weirdly US specific problem: https://worldpopulationreview.com/country-rankings/cost-of-i...

Drug costs in general are jacked up in the US. Insurance will "negotiate" but ends up paying anyway. No insurance, you pay the full price.

Insulin is cheap. My brother gets his from the Brazilian government, no charge and no proof of income(it is a life-saving medication and you already pay your taxes). If you want more "convenience" (receive at home, not wait in line, etc), you can go to a pharmacy and pay. Costs maybe $20 for a month's supply of brand name long acting insulin (less if you are low income, even less if you have some forms of private insurance).

The Brazilian government also highly incentivizes generics vs brand names, doctors will often prescribe by the active ingredient unless there's a very specific reason to go to a particular brand. It has threatened to break patents (and done so on occasion) of companies that overcharge for essential medication (https://www.reuters.com/article/us-merck-brazil/brazil-bypas...)

There is absolutely no way insulin costs should be as high as they are. Walmart survives with a 3% profit margin but somehow we allow pharmaceutical companies to charge about whatever they want. It's not 'high tech' anymore, despite minor improvements by Lilly and friends to keep the patents alive.

Related: US health care costs (global is following) are also higher than they should because of the food industry. They will push their sugar heavy processed crap worldwide, but in the US they use high fructose corn syrup. For decades fructose was erroneously pushed to diabetics because fructose doesn't raise insulin levels. What it does do it cause metabolic syndrome, ultimately leading to obesity, type-2 diabetes, and there are links to cancer and even a growing number of publication linking to Alzheimer's and dementia in general. 88% of Americans have some sort of metabolic dysfunction(https://www.ksl.com/article/50332891/88-of-americans-are-met...).

We tend to shame people and say that they are pre-diabetic, obese or what have you because they are lazy and over eat. That's untrue. You can't outrun a bad diet. People will try to "eat healthy" and eat a bowl of cereal because companies say it's good for you. It is not. They will cut fat (and end up eating more carbs) because they have been told (by the food industry) that fat is bad. It is not, sugar and highly processed foods are. They feed people bad information(a calorie is a calorie) and then shame people for not "taking care of themselves", all the while polluting geniune research that contradicts them. It's terrible.

Re: Insulin is way too expensive. California has a solution: Make its own

#42

> States have become more ambitious in their policies for tackling the insulin affordability crisis because the scale of the problem continues to grow and the federal government seems capable of taking only limited action to address it. As if the federal government isn't the one causing the shortage in the first place.

[Citation very much needed]

The article directly explains this.

# 1 competition works

> When a company develops a new drug, it gets a period of exclusivity, 10 years or more, in which it is the only one able to make or sell that drug. But after that exclusivity period has passed, other companies can make a carbon copy and sell it at a lower price. Studies find that once several generic competitors come on the market, prices drop significantly.

# 2 big pharma has hacked regulations for prescription drugs, medical devices and generic replacement to prevent losing federal government granted monopolies.

> But pharma companies are savvy about finding ways to extend their monopolies, with insulin and other drugs, by making minor tweaks to the chemical compound and asking for a patent extension. In the case of insulin, the companies can also modify the delivery device to protect their market share. Each product is meant to be used with specific, company-designed injectors.

This is a government created problem.

Re: Insulin is way too expensive. California has a solution: Make its own

#43

> States have become more ambitious in their policies for tackling the insulin affordability crisis because the scale of the problem continues to grow and the federal government seems capable of taking only limited action to address it. As if the federal government isn't the one causing the shortage in the first place.

[Citation very much needed]

I think what the GP was trying to say is they could easily solve this problem however letting it happen and blabbering about fixing the issue is easier and more profitable than actually doing anything.

Re: Insulin is way too expensive. California has a solution: Make its own

#44
post #42

Earlier quoted context omitted.

[Citation very much needed]

The article directly explains this. # 1 competition works > When a company develops a new drug, it gets a period of exclusivity, 10 years or more, in which it is the only one able to make or sell that drug. But after that exclusivity period has passed, other companies can make a carbon copy and sell it at a lower price. Studies find that once several generic competitors come on the market, prices drop significantly.…

Thanks. That's the opposite (the government is protecting corporate interests too much) of what the usual "It's the feds fault" usually implies.

Re: Insulin is way too expensive. California has a solution: Make its own

#47
post #42

Earlier quoted context omitted.

The article directly explains this. # 1 competition works > When a company develops a new drug, it gets a period of exclusivity, 10 years or more, in which it is the only one able to make or sell that drug. But after that exclusivity period has passed, other companies can make a carbon copy and sell it at a lower price. Studies find that once several generic competitors come on the market, prices drop significantly.…

Thanks. That's the opposite (the government is protecting corporate interests too much) of what the usual "It's the feds fault" usually implies.

What does it usually imply?

Re: Insulin is way too expensive. California has a solution: Make its own

#48
post #2

> because of the Senate’s arcane rules, they could not establish the same cap for private insurance It looks like one party tried to get this done in reconciliation. If so, blaming “arcane rules” is slanted and makes me wonder what other information the author is twisting.

The reason private insurance was excluded from the bill was because of the "Byrd Rule". The senate parliamentarian gets to rule on and decides it unilaterally. The only reason to do it in reconciliation in the first place is because of the filibuster. I would say that whole combination is pretty arcane.

To be clear, the parliamentarian is only an advisory role, they don't get to rule or decide anything, only offer guidance which senators then choose to listen to. But they could ignore it (and have done so in the past) or can fire the parliamentarian and pick a new one which is more likely to advise in the way that they want (and have done so in the past.)

Re: Insulin is way too expensive. California has a solution: Make its own

#49
Insulin is expensive for the same reasons that epi pens are expensive[1] and why Martin Shkreli could increase the price of Daraprim by 50x without worrying about losing market share[2]. The FDA restricts the manufacture and importation of these drugs. Often there is only one manufacturer who has managed to jump through all the bureaucratic hoops, giving them a monopoly on the drug.

1. https://slatestarcodex.com/2016/08/29/reverse-voxsplaining-d...

2. https://slatestarcodex.com/2015/09/24/the-problems-with-gene...

Re: Insulin is way too expensive. California has a solution: Make its own

#50

Earlier quoted context omitted.

Thanks. That's the opposite (the government is protecting corporate interests too much) of what the usual "It's the feds fault" usually implies.

What does it usually imply?

"All these safety regulations slow down the free market! Anyone should be able to make and sell insulin! If it's poisonous, people just won't buy that!"
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