Martin Shkreli is going to jail for defrauding rich people. If we jailed him for exploiting the poor and the vulnerable, other rich people would be in trouble too. Alex Azar tripled the price of insulin. But he's not in jail—he's our Secretary of Health and Human Services.
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I can validate this. Diagnosed with T1D in 1989 -a bottle of insulin was $14. The last time I asked my pharmacy for the price without insurance (a cpl of months ago) it was $354.
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And the production methods have shifted from using live animals to engineered bacteria in vats. The price should have plummeted...
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Exactly! My recollection is that when rDNA insulin was made standard, the price was about $40. Then basal insulin (Lantus) started around $90 and rapid-acting (Novo/Humalog) around $120. Prices should have gone down, but they've tripled instead. THAT is 100% corporate greed.
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When the gov't is prevented from negotiating on drug prices, then it just becomes funnel for citizen tax money to flow unimpeded into corporate offers. The drug companies claim it is "research cost", but they get gov't funding for research...
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