Most items on this "So Expensive" series: caviar, pearls, Louboutin shoes, are luxury items none of us need, so it's kinda fun to hear about. Insulin is completely different.
Because it used to be cheap when technology wasnt so advanced, the technology now are so advance and instead of becoming cheaper the price rose exponentially. Drugs destroy people, too high price insulin prevents people who cant afford it to buy, theres little difference if you just went a little deeper
@@shingshongshamalama it's not capitalism In capitalism noone can stop you when you want to produce product that market need In capitalism if insulin is expensive then market will make new capitalist that make more insulin cause it very cheap to produce Monopoly is not capitalism Someone keep lobbying government to keep their olegapoly
Caviar is just fish eggs... Fish eggs... The most profitable product in history let that sink in for a moment. Hmm fish eggs... I... I dunno what to say
And the idiots that vote people in power that will never tackle these companies, if anything the greed of big companies will only be encouraged further. If you don't want any goverment intervention this is what happens. The powerfull eat the poor.
@@graciela0501 In Poland it is either fully covered by insurance or you pay for it like for bread, very little, everyone can afford it. I actually have a dog with diabetes and I buy the insulin for the regular market price. It is still cheap and I don;t need to worry about it too much. I pay around 21 euros for a pack of 5 phials, 300 units each. The idea that I can afford to take care of my sick dog in a country in the "Eastern Europe" and people cannot afford the same life saving drug in US is just mind-blowing!
@@madebywera5048 the US has always had awful healthcare. Good healthcare hurts business for big companies so it gets blocked in legislation due to corruption.
@@madebywera5048 Excellent point: insulin for pets is cheap. Same for antibiotics. At one point Petco, a US supermarket chain for pets, notices abnomal sales for its fish meds. That's because Americans figured out it was the same antibiotic than for humans (Amoxycillin) but sold much cheaper for pets and since fish rarely go to the vet, you didn't need a prescription to buy it.....
This is scary. I am a kid with type 1 diabetes, and I hear my mother talk about the prices of insulin all the time. I didn't know that things were this bad until now...
Spain is such a success story...the double digits unemployment, the struggling economy, the lack of business innovation. What an incredible place the US should emmulate.
@@oscarsmith3942 Wow, you mentioned all the industries in which government plays a huge role! Thanks for proving my point. Let's compare Silicon Valley to Spain's IT industry...
@@Cokejomix Well, this is more kind of a administration fee... most of it is covered (saw the bill to my insurance company... they had to pay over 700!!! so 5 € I am really willing to pay)
America is in the shit because people in power are those who set the laws. people have been brain washed to care more about bullshit than medical care.
In India insulin vials costs around 5 dollars and there are more than and there are 9 to 10 companies manufacturing it. Even Abott. So why does Abott doesn't sell insulin in USA? ANS. . . . . . FDA. Seriously man it sucks to even hear about such costly meds in USA.
@@dogdog2257 you will get arrested at airport. Bringing medicines in bulk into America is a crime. My cousin had to put his asthma medication in the trash can because new york airport wouldn't let him take it along.
@@abhishekdev258 there are good reasons we regulate medicine coming into the country..... However many other parts of they system are being abused due to low regulation which causes anti-competitive markets.
I watched this with a heavy heart. I live in the UK, and my son was diagnosed as having T1 last year (2021). The National Health Service (NHS) covers the cost of everything to do with his treatment, etc. I dread to think what would have happened to our finances if we lived in the States or some other country where the price of insulin is astronomical. How can the US government allow this to happen? Surely, one of the strengths of any nation is the quality health of its citizens. People don't have to sell their houses to buy insulin for heavens sake. This is capitalism at its worse.
Not really. it's fine not to set a limit on the price. The real reason is because the patent system is broken and is restricting real competition. If there was even a threat of another competitor we might see a decrease in price.
The pharmaceutical industry has been proven to be a cartel, there's literally no competition, companies collaborate to set the drug prices high so that it increases profit for all companies.
@@seancssu It is an actually insulin. It is just not every type of insulin. But it is worth noting that the OP is in fact wrong. From my understanding, their is not a single type of insulin in Canada that does not require a prescription, outside of emergency cases.
In the UK the same 3 companies monopolise the insulin market and are selling the same exact products as the US, except a vial only costs the NHS approx £15-30.
Similar system in Australia. Medicare & PBS (perscribed benifits scheme). But every 10 years or so we get a poly threatening to dismantle it. I suppose for a more American system.
You accidentally discovered why anti-monopoly laws are unnecessary. Business people like you will see an opportunity to profit by undercutting their prices.
gaming typhlosion its called a cartel in economics, a few companies jointly increasing their prices so that they mimic a monopoly, and maximize profits which they then split. which is extremely illegal in almost all countries. idk what happened in the usa to allow this
@@CyberAngel32 Really, monopolies are a known occurrence in many industries? They aren't even in this case, you unwashed slitherfuck. Three competitors is an oligopoly and all three have separate patents on their respective items. The real issue are the regulations preventing the importing and sale of cheap insulin. Government is the problem not the solution, you puttied walrus.
I've been watching loads of these now (you know, Corona) and from all the things like foie gras, weird dog breeeding shit, stupid expensive handbags, etc... about which every commentor complains, this is on a new lvl. This is life saving for loads of people. This isn't a luxury item in an actual first world country. If this isn't just about free in your country, you aren't a first world country, period.
Many cases of diabetes can be avoided. Too much sugar is not good. Fructose is really bad. It is converted to fat in the liver and you get pre diabetes. Liver cells have receptors for fructose, most other just have a few. To many quick carbohydrates have the same consequence. Look what you eat! Fructose is made in factories from starch processed with black mold . It is all that fructose that makes Americans swell up. Skip it. Much better to eat even red meat.
Fined and jailed for every person on insulin corporate gets 1 year jail sentence, over 100 people on insulin using their drug (insulin) confined jail time for life.
Feinrizulwur damn i should have thought about that when i was 7 years old and my immune system suddenly decided the insulin-producing beta cells in my pancreas were foreign and no longer necessary for me to live. most diabetics who are insulin dependent are that way because their genetics dictated it, not because they lived a shitty lifestyle. how bout you do some actual research about type 1 diabetes and all the other types of diabetes before you go and spout your bullshit. this people with this illness are not to blame.
@@Feinrizulwur That depends on which type it is. Diabetes can be either genetic or sled-inflicted. And even though I severely disagree with how people who self-inflict it act, I don't think they should die over it.
..... *Listen* ...... _Modern medicine has no treatment for many disorders._ .........What's worse, all drugs like heart disease drugs cause bipolar disorder and depression......... If anyone, or their family, have any disease and have tried medication and still not cured completely, _feel free to contact me._ ........ You would be treated with nutrition, supplements and minor changes in life style......... Also you would be *completely free of the disease* in some time, ending all medication. ..... Try it.......
Why is there no insulin mafia in the US? It is very cheap to make, very easy and safe to make with the proper equipment, it's sounds like a gold mine for drug dealers.
You could simply make a law that says when a patent has been extended for a change, only the change would be patented. The original product's patent should expire irrespectively.
What everyone seems to either ignore or just not know is how horrible death due to lack of insulin is. When you are deprived of insulin, your body goes into a sort of panic because the bloodsugar rises uncontrolably. Since diabetics cant make their own insulin to force the bloodsugar down it does ”the next best thing”. It makes an acid, it makes the blood sour, in an attempt to destroy the sugars and muscle tissue to get some form of nutricion. The insulin takes the glucose from the blood and into the cell, it unlocks the cell kind of like a key. When there is no key, you starve, vomit and start to hallucinate because of the acid, it destroys everything, muscle tissue, brain tissue and so much more. There is no more horrible death.
Theres that one and theres also the chance that your blood levels get so damn high that your blood thickens and it starts blocking other things in your blood, such as water, sodium, potassium, etc. It also makes your kidneys start to overwork themselves because they try to filter out the bad stuff but the sugar blocks it , which leads to organ failure and a lengthy death
Even among the ones not dying from the lack of it, having to pay so much for a neccassity just keeps them in poverty. It's fucked up. The least you should be able to do as the most powerful nation to ever exist in human history is provide easy access to neccassities for your citizens
Sugar use has absolutely nothing to do with getting Type 1 Diabetes. It does, however, have a lot to do with regulating your condition once you have it. The more carbs you eat, the more insulin you need.
They don't target them because they are in their pockets. Lobbying is the primary cause of this insanity. There's a reason it's illegal everywhere else in the world.
As a Norwegian with diabetes I can't believe this. In Norway we got something called (egenandel) that is the money you pay for medicine, doctors appointments and so on. when you reach 210$ the rest is free for the rest of the year.
Sorry, Canadian medicine are also control under the same IP as the US.. basically Canadian are paying less because the government health policy are paying.. but at the end.. those are tax money from the people... I still don't understand why Canadians are supporting US IP programs.. Insulin are just one of thousands of drugs that is over charged..
@@rabbitbobo4131 this is simply not true. Canadians pay less because of several reasons, some being that our generic supplies are dirt cheap, our rules governed by Health Canada are vastly different in spirit and theory when compared to the DoH. We're far more NHS in the way business is handled, leading to higher charges against the middlemen rather than the public. Once you're outside the bubble, the rest of the world can see how the US health care system favours only the rich. What we DO have in common is a good health plan through insurance. The care is lacking on both sides when you don't have one, but generic drug prices are independent of that.
@@anonymous8510 Your information is incorrect and misleading. I can't speak for shitty Alberta, but for everywhere else, the full amount of an insulin pump is covered every five years, as of September 1, 2008. Insulin pump supplies are covered annually up to a maximum of $2,400. In Ontario, the Trillium benefit covers anyone whose drug costs exceed their income (edit: drug costs do not have to exceed income, but rather just be above average to normal drug costs) to cover the medical costs, as does OHIP+ for anyone under 24 or over 65. And again, the pure cost of insulin is a *THIRD* the cost in Murika.
@@anonymous8510 Well you can keep your opinions if you want. I got my info from government websites so if I'm wrong, the government has just decided to blatantly lie. Maybe your information is from old defunct sources? Don't take this as an insult, but I'm going to trust what the law and health canada et al websites say, rather than an unsourced anonymous user. If you have any proof to your claims, please post them so this isn't just a nobody opinion debate between two nobodies.
US healthcare got fucked when medical licensing/certification became state controlled. Before that doctors were complaining about having low salaries. And tax law during ww2 caused the issue of healthcare being provided by your job tying you to your employer. And remember. You can get a burger for 1$ but you cannot get people to undercut these cartels. Why? The market is there and there is no patent. So what could be stopping them? Do you think the FDA and laws concerning healthcare might have something to do with it? How can I get a computer for less money than that insulin? Think for a minute. The healthcare market is together with the financial market the most regulated and dysfunctional sectors in the US economy.
Ah yes. The answer is less regulation. Thus why all of the unregulated countries like the UK, Sweden and Canada have cheaper Insulin. Because they're not regulated.
@Nero Cloud So capitalism works... But only when applied to America? And the proof you have for this is... Because you feel like it? America COULD have one of the best and cheapest healthcare systems in the world. All it would take is to elect a couple of politicians to put in Universal Healthcare and then watch as companies fight to drop their price to get a share of the 300M people it's being negotiated for. Same reason everywhere else has it cheaper.
The manufactuers know people will pay anything to them to stay alive, so the manufactures will put whatever price they want to get that money from the hostages.
I have type 1 diabetes. You don't now what you are talking about! Type 1 diabetes is not curable, you live with it the rest of your life. You think of type 2 diabetes. Type 2 is a much milder deasease then type 1! The majority with type 2 only need tablets instead of insulin. Many people with type 2 diabetes, with a healthy lifestyle get cure from the desease! I was 7 years old when i got type 1 diabetes, now i am 37 years old! And i nead insulin at least 8 time every day. I have zero insulin production in my body! People with type 2 often got a lot of insulin production in the body.
Obvious collusion between supposed competitors, a refusal to regulate life saving drug prices, and the unquestionable importance of profit over human life.
All they have to do is call the CEO's of the other companies, say "Hey, I wanna buy a new private yacht, mind raising the price of x drug a few hundred dollars so it seems like it's becoming harder to make" and bam, millions more in all of their pockets.
It is quite cheap in India around $2 here. The value can vary a little depending in the company but it is minimal. India has its own generic medicine stores too.
Manik Yadav it's spurring innovation, there is something called the open insulin project being started.. I hope they are successful and I can make my own insulin in my home
@@lefthanded5473 Nope, it's still reasonable. And for people who still can't afford their medical bills, we have "National Health Protection Scheme", it's dirt cheap after this scheme. Under this scheme, child delivery cost was ₹35($0.5). The first baby born under this scheme was named Karishma(Miracle).
As someone who has a partner with type 1 it's scary to know he could go through KA at any moment, along with his already reduced lifespan, reduced immunity, and other things I may have failed to research at this point. He'd always say he's fine, but there are days where he's suddenly depressed and I could understand why. It's overwhelmingly frustrating that the US is too insufferable to at least put up regulations to lower the cost of insulin.
The Swedish health care system does a lot better. I am a Sudanese PhD student in Sweden who gets insulin, blood sugar testing kits and pretty much everything I need to live a healthy life for free. Paying taxes and getting something in return is so gratifying.
Totally agree. If capitalism doesn't work for such an vital sector it means that on the long run it will fail everything important among its supposed benefits. USA needs socialism, which means freedom and wealth not at any other people's expenses.
@House Stark regulated capitalism to block wealthy people to abuse the poor = democratic socialism. Edit: btw in China they don't starve. Actually they even have a better health care for the common folk comparing to the US.
@House Stark I am not ideological: I don't care if in a democratic socialism there is still space for free market. The important thing is that the citizens receive from the community the basic, human means of survival. And not "free": even if they can't pay there are other ways to give back to the community. For the Trump part: no president of any respectful democracy should decide alone matters of public safety, like healthcare. They must listen to the experts and to the people. In this way I would trust the system better than now, even with the same orange man. Oh and by the way, I strongly doubt that Mr. Smallhands would have been elected in a state where politics is free from the influence of big corporations, foreign powers etc. etc. like it is in a social democracy. And it works in so many country without any problems, therefore I really can't see the problem.
We live in Bangalore India. I just now paid the equivalent of $650 for 1 whole year of insulin for my dad!!!! In the cool RYZODEG insulin pens, too, not just vials !! That is right, SIX HUNDRED FIFTY DOLLARS FOR ONE WHOLE YEAR OF TOP NOTCH INSULIN. There is something absolutely broken with US Healthcare when this kid in this video is paying as much for 1 month as we are paying for 1 year (we got 25 pens for this price). Thanks for the piece. Shocking !!!
You have to thx the Indian government for this. US has no pattern rights to any drugs in India, meaning that if they sell any higher they will have competition.. what you are paying are the actual price of a competitive market.. This is also the reason US are attacking the India Currency so much.. they are tring to financial punish India to obey US rules..
It’s a shame, still to this day nothing has changed. I’m a type 1 diabetic and it’s a constant fear in the back of my mind that I have to worry about the prices for my medicine and pump supplies… makes me sick..
The dumb thing about U.S medical industry is that prices aren't regulated but production heavily is, you essentially have an entire market made up of just a few giants who make ridicioulus profits because other people's lives depend on it, if you're gonna regulate the industry so hard but not the prices all you are doing is making a huge monopolistic market that smaller companies can't get into because of huge cash barriers.
Small companies can't make it drug industry unless only with generic production. It is right for big company to charge the amounted cost because of the all the wasted investment that the company will go through. If you learn about pharmaceutical, you will know how time and money consuming black hole it is. Only a big rich company can carry out research new drug development without going bankrupt and It is the government responsibility to pay for the cost of the resulting products.
@@winw4548 but in this case... insulin isnt a new drug, as the video here discussed insulin has been on the market for a long time and has a cheap production cost. Sure, many new designs have innovated from the original, but do they really justify a price increase of over 200$? Keep in mind this isnt a one time purchase, and is required by many to live. The research cost has already been recouped a long time ago
@@lordofthepies Insulin been here a long time but not the same insulin. Each insulin are being researched on, need clinical trial, post marketing studies and etc. We are not using the same original insulin and it is not the same. For better understanding, Insulin is similar to electricity. Electricity was discovered so long ago but the different means of producing it are being researched and updated similar to new insulin. Even as of now we are still waiting for patent expiry of some insulin so that there will be generics coming into markets. It is expensive and it would be nice if it is cheaper but for us the cost are covered by government not the company. Production cost are very expensive.
@@bosstowndynamics5488 Each pen is an own design and patented so you can't copy. It is one of the factor but the main the nature of the insulin itself.Ie; origin of it, onset of action, peak action and duration of action which varies by type of insulin and these are the factors taken into account when considering a insulin regime. New insulin= new regime=new possible combinations. For layman it maybe the same but for us it is not because these factors of each of the insulin are what we use to decide which insulin is ideal for each patient.
@@bosstowndynamics5488 1. Older one assuming you are referring rapid/intermittent/premix consider you basic insulin and what makes it expensive are the regulations. Insulin are what we call as a biological drugs means it is produce by biological reaction from bacteria/yeast usually so these reactions are not always reliable as you chemically produced drugs. To ensure the safety and efficacy the regulations are stricter on these product and plus it is an injection. Newer insulin do have bearing in these because it is being used widely such as insulin glargine/lanctus which is going to be out of its patent soon. That being said end patent does not mean it will be cheaper it just that other company can copy it.
So insulin is free in the U.K. for patients as all diabetics are entitled to free prescriptions. The same companies that hold American diabetics at ransom only cost the NHS around £30 for 5 cartridges of insulin. As the only market for insulin is through the NHS the prices are kept low, the NHS can always say no to the drug companies if they’re too expensive.
I never thought I’d watch an episode of this show and be absolutely depressed by the end of it. The way that woman right at the end of the clip described the issue was so eye opening. It’s just a small amount of liquid but it’s an actual life and death situation
In England you get medications free! Just do this: Move to England Pay taxes Go to your doctor The doctor prescribes you insulin You go to a major shop, Tesco or Asda And you just get free insulin!
When my family was on our way to Mexico this year, I had left my insulin in a hotel room- a very expensive loss. Luckily, I was able to buy the exact same amount, but for way less- I think we only spent $10 on four insulin pens, might have been more but it was definitely cheaper in Mexico.
When you are in such pain and distressed,,,,,, why the hell you keep injecting yourself with chemicals ? Why don't you cure yourself the right way...... ..... *Listen* ...... _Modern medicine has no treatment for many disorders._ .........What's worse, all drugs like heart disease drugs cause bipolar disorder and depression......... If anyone, or their family, have any disease and have tried medication and still not cured completely, _feel free to contact me._ ........ You would be treated with nutrition, supplements and minor changes in life style......... What's best its not even expensive........ Also you would be *completely free of the disease* in some time, ending all medication. ..... Do yourself a favor and try it.......
Why is there no insulin mafia in the US? It is very cheap to make, very easy and safe to make with the proper equipment, it's sounds like a gold mine for drug dealers.
Lmao as a US diabetic, there are "black" markets on facebook where many ppl who live near Canadian border buy loads of it and sell cheaply/trade for other diabetic supplies. It's come in handy during desperate times, like job transition period.
Insulin injections are not cure.... Its just hiding the truth..... ..... *Listen* ...... _Modern medicine has no treatment for many disorders._ .........What's worse, all drugs like heart disease drugs cause bipolar disorder and depression......... If anyone, or their family, have any disease and have tried medication and still not cured completely, _feel free to contact me._ ........ You would be treated with nutrition, supplements and minor changes in life style......... Also you would be *completely free of the disease* in some time, ending all medication. ..... Try it.......
@@NoTimetoCry As Chairman, President, and Chief Executive Officer at ELI LILLY & Co, David A. Ricks made $17,824,705 in total compensation. Of this total $1,483,333 was received as a salary, $2,625,500 was received as a bonus, $0 was received in stock options, $13,587,500 was awarded as stock and $128,372 came from other types of compensation. This information is according to proxy statements filed for the 2020 fiscal year.
Hamza they've worked out that a large number of black americans are diabetic compared to the caucasian ones . with a monopoly to keep the door shut and you cater to a secure middle class Gori people.capitalism and racism work in hand , always.
In India we terribly lack in research facilities and our education minister is a buffoon but I work in a govt hospital and diabetic medication is freely supplied....but seriously one starbucks venti has more sugar than we normally have in a month....so maybe control there
If you work in a government hospital then you should know that insulin dependent diabetics (i.e. type 1 diabetics) don't have an issue with too much sugar in their diet (or much of any), it's about the pancreas not functioning.
RandomGuyDoes My comment was based on the idea that bigger government isn’t better. I feel that way regardless of the country. And I assume you meant to only insult the USA, but we’re not the only country in North and South America.
There are some startling differences in price between the U.S. and Canada. According to one report, the retail price of a vial of Humalog in the U.S. is $300. In Canada, the same vial costs $32. According to media reports, a growing number of Americans cross the border into Canada to get their insulin
Lil wangger Dick they trusted herbs or other ‘alternative’ than a free insulin by modern medicine. Not only insulin all other drugs provided free by public hospital is being taken for granted. Probably due to poor awareness of their own health and in denials or lack of trust It’s in the minority though.
As pharmacist currently in school with a mother who is a type 1 diabetic, a father who is type 2, and even a dog who is type 2, it really is concerning to see this happening. Many of my fellow students and I actually went to the capital in Texas to speak with our representatives about this issue and to inform them on how this whole situation is screwing over an ever-growing percentage of people in the US. I expect, however, that one day this will blow up in the faces of the company making these drugs, because they're pushing prices too high and people are dying because of it. When that happens, I will dance as they are forced to bring down their prices and become transparent with their pricing strategies. Though... because america is fucked up like this, they'll probably create an artificial shortage of insulin to claim they need this higher price still. Businesses will find a way to keep their profit margin and make it bigger. My wife and I have actually been considering moving to canada after we graduate for the way their health care system works. Candadian-graduated pharmacists are coming to the US for the money they can make. I'll go outside of the US to actually care for people.
There is no way to be in a "shortage" of insulin. The E.Coli that was bioengineered to produce it just needs a growing medium which doesn't require any special or rare element. In fact from Wikipedia "The molecular formula of human insulin is C257 H383 N65 O77 S6. Bovine insulin differs from human in only three amino acid residues, and porcine insulin in one. Even insulin from some species of fish is similar enough to human to be clinically effective in humans". Is really just like any other protein , saying there is a shortage of insulin is like saying there is a shortage of whey proteins. (Well , a bit more complicated , but nonetheless insulin is extremely cheap to produce). Only thing preventing competition is the FDA and their dumb regulations.
@@mabeSc Oh no, I know all that. I know how insulin is made. What I'm saying is that the companies currently producing insulin will bullshit some excuse to charge more, if only by producing less insulin and creating artificial scarcity when they in fact do have the ability to produce plenty. They'll chalk it up to "production issues". Also the FDA has nothing to do with patent protection; that's old US law. If anything the FDA needs to be able to regulate drugs MORE by extending their reach into drug pricing.
@@icky46111 Must say I didn't think about the "production issues". You definitely got a really good point here. Also , regarding the FDA , I wasn't talking about patent protection but rather the approval of biosimilar proteins to insulin. Even if the FDA got into the pricing of the drugs , it would still be a problem if the companies decided to cease insulin production or sell smaller vials (or many other things).
@@mabeSc Ah yeah, biosimilars. True enough, since it's harder to get a biosimilar approved as opposed to a generic, and generics only become possible once patents expire. Biosimilars seem to be the way to get around patent law , but yeah like you mentioned they have some strict regulations around them. You practically have to prove it as an entirely new drug, even if you're changing only small parts of the, so there's still all the safety testing and blah blah blah.
Thanks to the ACA my insurance went up to 900 dollars a month, I need insurance since I'm diabetic. so basically its very hard to pay for everything if you make too much to be on welfare, but not enough to comfortably afford the insurance premiums and deductibles.
I’m type 1 and this actually made me cry because I know that if we didn’t have a health plan I should just Kms because I ain’t trying to make my mom and dad spend so much money for me being alive
Walmart insulin is 25 a bottle it's old school formula. But if you run out it's a option. Just talk to your doctor first about. I am a type 2 just found out a year ago. I couldn't pay 500 for insulin did my research and found out about Walmart. The one I get is close to the new formulas but doesn't last long. Only 4-5 hours plus you need to inject yourself about 30 minutes before a meal. But it still works damn good.
..... *Listen* ...... _Modern medicine has no treatment for many disorders._ .........What's worse, all drugs like heart disease drugs cause bipolar disorder and depression......... If anyone, or their family, have any disease and have tried medication and still not cured completely, _feel free to contact me._ ........ You would be treated with nutrition, supplements and minor changes in life style......... Also you would be *completely free of the disease* in some time, ending all medication. ..... Try it.......
The trifecta of government, business, and insurance companies drove up medical prices from the 1970s to today, and patent laws and the failure or anti trust laws has caused prices to increase.
..... *Listen* ...... _Modern medicine has no treatment for many disorders._ .........What's worse, all drugs like heart disease drugs cause bipolar disorder and depression......... If anyone, or their family, have any disease and have tried medication and still not cured completely, _feel free to contact me._ ........ You would be treated with nutrition, supplements and minor changes in life style......... Also you would be *completely free of the disease* in some time, ending all medication. ..... Try it.......
The Land of the free has not been Free for a long time. If you ever bother to read law books, and state/ commonwealth constitutions. You'll start to notice that there really isn't a whole lot you can do in the land of the free.
@@humblesoldier5474 it is the "land of the free", specifically the land where businesses are free to exploit customers as much as they want, because stopping that abuse would require regulations, and any form of regulation is "evil communism"
As someone who worked in retail pharmacy for nearly three years and is currently a career bioengineer in the biotech industry everything said here I'd say is 95% accurate. I am not going to invalidate people who are unable to afford insulin; however, from my time working in a pharmacy I have never once seen anyone pay out of pocket (OoP) for insulin. There have been times peoples insurance wanted to ask for prior authorization or have a renewal time period (meaning they renew the plan without telling the patient) and they paid MSRP, but were later reimbursed the money they paid. This does not mean that NO ONE continues to pay out of pocket for medicine, so I believe it does happen, I just haven't personally seen it. For those struggling with affording insulin, I highly suggest seeing if you qualify for state insurance. State insurance is the closet thing we have in the United States that follows the principle of "affordable healthcare" (know that it is never free, even in countries that say it is). Other insurances that are similar but may have a deductible ranging 1000-4000 are United Healthcare, Aetna, Multi Plan PHCS, and Neighborhood Health plan. If you are an individual who is armed service use your tricare plan. You literally never pay a dime. For anyone 65 and older the best thing for you is Humana or Medicare. If these are still not working for you, you can go to your local pharmacy and ask for a pharmacy discount. If they say they don't that's bullshit, because again companies want the pharmacy to use their discounts. They have the ability of meeting insurance or beating insurance prices depending on the drug product; however, know that it doesn't always mean you will have the best discount. I have seen some drug products OoP costing $200 discounted to $190, so keep that in mind. The last thing I can suggest is GoodRx, as they are another discount company that can help. You may find other discounts if you search hard enough, but this is my suggestion based on my professional experience. You may even be able to find humanitarian organizations that help those who are homeless or in poverty. For those interested in learning more, I highly suggest looking into what is a "biosimilar" and how it differs from "generic", and I suggest understanding who the European Medical Agency (EMA) and Food & Drug Administration (FDA) are, and how they differ from each other in the approval process for a biologic and medical device (as insulin comes in a vial and/or a auto-injection device). This is a big reason the USA and oversees countries have differing medicines. Similarly, look into understanding how a pharmacy and insurance company operate and develop their cost strategies. I'll be completely honest, you can't put too much blame on the biotech companies and their final prices. Keep in mind it costs on average 2-3 billion dollars to bring a biologic to market and roughly 80-90% of phase III candidates fail to commercialize. Those that do commercialize then struggle with expansion and debt, as they are spending more than they can chew in the first 20 years (how long a patent takes to expire). When they do expand they go into debt again. For example, one biotech facility can cost upwards of 100-300 million dollars to construct and validate for commercial use. Then they are spending another triple digit million figure to pay for materials, repairs, cleaning, employee salary, healthcare, and the list goes on and on. Best to those out there!
3 seconds in and as a type 1 diabetic, if I hear any answer other than pharma companies are greedy as hell, I'm leaving this video pissed off. Edit: wasn't disappointed. Thank you.
..... *Listen* ...... _Modern medicine has no treatment for many disorders._ .........What's worse, all drugs like heart disease drugs cause bipolar disorder and depression......... If anyone, or their family, have any disease and have tried medication and still not cured completely, _feel free to contact me._ ........ You would be treated with nutrition, supplements and minor changes in life style......... Also you would be *completely free of the disease* in some time, ending all medication. ..... Try it.......
@@surajpanditexe do u even know what yogi does. He's destroying the nation, the very fundamental fabric of tolerance which binds our nation together. He's like a hindu aurangzeb,
I’ve checked the price for Fiasp (ultra fast acting insulin) in the US without insurance. Seems it’s between $350 to $650 for ONE 10 ml vial. I use one vial of Fiasp over 2 to 3 weeks. I live in Denmark and the price for it, without insurance, is 222 Danish Kroner. With current exchange rate, that’s around $29.70. The price has actually gone down by 30 DKK (~$4) recently, because the medicine board chose to restrict insurance to it, due to it getting too expensive. Prices kept creeping up. The restriction came because the benefit is minor to most people compared to the most common fast acting insulin, which is significantly less expensive. Fiasp is only used for people who have a difficult time controlling blood sugar spikes after meals, and for those people, insurance will still cover it. I pay, with insurance, around ~$250/year for my insulin.
@@ezhwt8fq No, not $4. I said the price has gone down by $4. The current price for Fiasp (10 mL vial) is 208.25 DKK which is $30.20. Fiasp is one of the more expensive types. You can get a 10 mL vial of NovoRapid (or NovoLog for Americans) for 174.95 DKK (~$25.37). This is the most common insulin that type 1 diabetics use. If you have a valid prescription, you can get the insulin for those prices as a tourist.
In Spain a vial costs around 40$ nowadays, and the price has gone up significantly in the recent years. It is also covered by your insurance so in the end it doesnt really matter, but I find it astonishing that there is such a difference in price since I know a lot of people with diabetes and I've never heard of drawbacks or a lower quality.
At least it's not like growth hormone which costs around $850 per vial, which only lasts 2 weeks. Fortunately, in Australia, the government has a program that subsidies it, changing that $850 to $10. Go Australia
In the Netherlands we normally don't even know the insuline prices as all drugs required for chronic patients are 100% covered by our insurance system. A friend of mine is a pharmacist and she said that a month supply of insuline would be around €25.-
It's also important to remember that this exact same thing is happening to almost all medications especially for drugs that are recurring, for example my HIV medication is 1800 a month; even with my insurance.
Allow people to sell drugs that are not FDA approved but have huge signs "FDA not approved". Then people would buy that instead of the ones from black market and these 3 companies would have to lower their prices. Or make another organization that vets drugs but is less rigorous so it costs companies less to sell drugs with their approval.
G G yes but the government should make sure that people don’t bankrupt themselves because they happen to have diabetes. It’s not their fault they have it they should not be punished for happening to have been born with diabetes.
Abhishek Tiwari government doesn’t need to be involved here, in fact it’s the government involvement that’s the problem. Your system would make the government fix a problem they created without actually fixing the problem.
Crazy and sad at the same time. My wife has type 1 fortunately we live in Australia where insulin is heavily subsidised. A little while back I saw in a Australian type 1 Facebook group someone said that they were considering moving to the US wanted to know what people’s thoughts were regarding diabetes and healthcare in the US and every response was don’t do it and or go to Canada instead.
Why is insulin so expensive? Because the consumer has to make up for all the money pharma pays in rebates to docs and hospitals, rebates and discounts to pharmacy retailers and huge campaign donations and lavish vacations to politicians. These monthly rebates are in the billions overall per MONTH!!!!!
So let me get this straight. Someone in the USA could fly to countries like Spain or India once a year, get their whole supply of insulin and fly back for less than what it costs for a month's supply in the USA. That's sick. Why does Americans not speak out against this kind of malpractice and price-gouging?
I remember the 1st time I was old enough to come off my dad's insurance .. my mom gave me some money to pick up insulin.. I had to lie and say that the $50 was enough to cover. She later found my receipt for $450 for the 2 bottles of insulin that would last about a month .. now to explain we also needed test strips, lancets and syringes
When you are in such pain and distressed,,,,,, why the hell you keep injecting yourself with chemicals ? Why don't you cure yourself the right way........... *Listen* ...... _Modern medicine has no treatment for many disorders._ .........What's worse, all drugs like heart disease drugs cause bipolar disorder and depression......... If anyone, or their family, have any disease and have tried medication and still not cured completely, _feel free to contact me._ ........ You would be treated with nutrition, supplements and minor changes in life style......... What's best its not even expensive........ Also you would be *completely free of the disease* in some time, ending all medication. ..... Do yourself a favor and try it.......
I"ve been told that those rebates are illegal in all other industries, and that the current administration is working to end them. I hope that's true. All insulin should be available OTC, not just R insulin. Then they'll have to compete.
As a T1D I can confirm this. Obama Care was charging my family outrageous prices to the point we had to drop them. Started paying out of pocket for Insulin Pens and Test Strips. About $110 a week for the Insulin Pen and about $50 a month for the test strips. Basically paying hundreds of dollars a month to live.
The solution? Let people buy insulin regardless of whether or not the specific formula is FDA approved. Lower barriers to entry so the oligopoly can be broken up by a more perfect competition.
Umm no...We still need FDA approval for things. Just stop approving inconsequential patent extensions, but really honestly this all comes down to profit-driven healthcare out of control, and that we need single-payer healthcare, represented To Us by the government
We pay taxes in the UK to cover our NHS. As a diabetic we get everything without being charged including testing strips, monitors, lancets and insulin pens. We also get annual reviews to see how we are managing our diabetes. As one myself I receive eye tests for retinopathy.
Yes, it is a problem of no competition. If there were more competition; more companies making insulin, 3 companies wouldn't be able to charge out the ass for it; they would be forced by the thousands of other companies to make their prices competitive or go bankrupt. That's what capitalism is. Capitalism without competition is just autocracy.
I'm an American living in Portugal and my insulin is free here. Only two things keep me from moving back to America, Trump and the ridiculous healthcare system.
"The best healthcare system in the world" as so many Americans keeps screaming when a social medical system is suggested. Well, this is what your system creates
The people saying that the healthcare system is great are the same people that have the most delusional opinions. Most of us (Americans) know how shit it is because we avoid the hospital until we’re at our deathbed; we just can’t do anything to change it. Politics here is like screaming at a wall and only getting a response when the wall falls (or is pushed) down. I don’t think you could find any low income or lower middle class family that doesn’t want a better healthcare system; it’s just that the people who can afford outrageous prices are the ones with the most power.
