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The cost of insulin has doubled over five years

Photo: AP

A new study by the Health Care Cost Institute, due to be released next week, found that per patient insulin costs were nearly doubled between 201

2 and 2016, Reuters said. The average annual insulin cost for a Type 1 diabetic patient in 2016 was $ 5,705, compared to $ 2,864 in 2012. (The vast majority of diabetics have Type 2).

The number includes the cost of insurance, but how much of it The cost of patients varies according to their plan. If you have good insurance, great. If they have a shitty insurance, they may have to lock in a high deductible before their plan pays anything. If you do not have insurance, good luck! According to GoodRx, the most popular type of insulin at Walgreens costs $ 286 for 30 days. Conclusion: If the costs double, the insurance will not double this increase. Patients will also pay more.

And these prices are not rising because of some amazing, expensive developments in the market or because so many people use the drug. Per Reuters:

"It's not as if individuals are using more insulin, or that new products are particularly innovative or offer immense benefits," said Jeannie Fuglesten Biniek, senior researcher at HCCI and co-author of the report, in a telephone interview , 19659004] "Usage is fairly flat and price changes are occurring in both older and newer products. That surprised me. The exact same products cost twice, "she said.

The exact same products now cost double Why Profit and Greed There is no other explanation for doubling the price of the same drug Inflation is neither 200 percent, nor is it labor or production costs are twice as high as five years ago.

These decisions kill people People literally die because they can not afford insulin (and other necessary medicines and medical supplies). Like the Washington Post reported in an article on patients who needed insulin earlier in the month:

What Alec soon found out was how much his insulin would end up costing more than $ 1,000 a month, the insulin price – once modest – has shot up in recent years, making life-saving medicines a considerable, even annoying effort, especially for Nich t and underinsured. The costs are so high that they have forced some patients to ration their supplies of medicines at a dangerous risk with life-threatening consequences.

At the time Alec was talking about skipping the insurance cover, he said to his mother, "That's not so bad. "Within a month of leaving politics, he would be dead.

Let's be clear: The proposal that the current health care system, where drug companies consume drugs, people have to live until patients pay hundreds of dollars is extortion , "Give us the money or you die" is not much different than "Give us the money or I'll shoot you in the head." The only difference between this and an armed robber who holds your drugs in hand unless you surrender yours A wallet is that an armed robber in Washington does not have a $ 450 million lobbying group.

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