- cross-posted to:
- politics@lemmy.world
- health@lemmy.world
- cross-posted to:
- politics@lemmy.world
- health@lemmy.world
More Americans with diabetes will get a break on their insulin costs in 2024.
Sanofi is joining the nation’s two other major insulin manufacturers in offering either price caps or savings programs that lower the cost of the drugs to $35 for many patients. The three drugmakers are also drastically lowering the list prices for their products.
The moves were announced in the spring, but some didn’t take effect until January 1.
Drugmakers have come under fire for years for steeply raising the price of insulin, which is relatively inexpensive to produce. The inflation-adjusted cost of the medication has increased 24% between 2017 and 2022, and spending on insulin has tripled in the past decade to $22.3 billion in 2022, according to the American Diabetes Association.
Some 8.4 million Americans rely on insulin to survive, and as many as 1 in 4 patients have been unable to afford their medicine, leading them to ration doses – sometimes with fatal ramifications, according to the association.
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Still too much. Insulin in my country is around $10+. And it’s a third world country.
Yeah, exactly.
Insulin costs like 2 bucks a vial to make.
even 35 dollars is an egregious rip off.
It seems like a compromise price, though it should be free or near free at the point of “purchase” in any first world nation. The sheer fact that it was controversial to even compromise at $35 and still allow a hefty profit on a medicine you would die without is a testament to how fucked up American healthcare has become.
American Healthcare has been fucked up since insurance became standard and expected
Insurance is what allowed greed to explode in the industry. Its why you get charged 90 dollars for an a single asprin. Its why everything is fucked up, and its ruined the entire medical field for anyone who has no insurance or bad insurance.
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I have eleven thousand dollars in my health savings account. In theory, that will allow me to get sick two times. That’s it. That’s what I get. And I don’t believe I’ll even get that. Insurance finds a way to deny everything.
Also why ambulance rides went from always free to costing thousands of dollars. Localities figured out they could bill insurance for them.
Thanks, Joe.
Affordable health care for all is the future liberals want.
and republicans act like is the most horrific, obscene, unfathomably evil thing that ever existed, the mere notion that the poors can afford healthcare.
but then again, they are also a bunch of fucking pedophile baby fuckers that want to block the epstein list from going public because it personally incriminates them.
Beep boop. No lies detected.
And leftists continue our push for single payer with zero copsy.
Great to see for Americans.
I remember Trump saying he was going to do this during his presidency and my parents who are trump fans are like “well Biden didn’t do this, Trump got it started and he took the credit”. Which I don’t believe for a second. So what exactly happened to Trump’s original plan? I assume it only benefited the rich or something like all his plans and Biden scrapped it to replace it with something better?
If it’s a good thing, Trump started it, if it’s a bad thing, Biden did it
The whole argument is absurd because neither one did anything, the companies themselves did this voluntarily and can switch it back at any time because there’s no federal statute or regulation to stop them
You didn’t read the article did you?
They cite multiple factors but the largest seems to be a change to the way Medicare rebates are paid. Starting Jan 1st, this move allows them to pay less rebates to Medicare based on how they’re calculated and will save the companies millions. So yes… it’s actually directly based on the Biden administration changes.
Insulin should be free, fuck off.
It does require time, effort and resources to manufacture, and on top of that there’s a regulatory system for quality checking so that nobody gets poisoned by a faulty batch, which is more time, effort and resources.
Some cost is reasonable. Price gouging is unreasonable and greedy. Free is also unreasonable and would create a risk of low production quality.
🙄
The time, effort, and resources could be handled by a public industry that produces a public good. There’s no reason for it to be privatized.
It can absolutely be privatised as long as some government body handles negotiations.
Letting the private sector compete for public contracts can often reduce prices and make production more efficient. It needs to be handled well of course.
It works pretty well here. The government negotiate the prices for medication to reasonable levels and every individual has a medication price cap that gradually reduces the price for medication until they are completely free (fully subsidised). After 12 months the price cap resets and the prices go up to normal. The price cap is set at ≈230 EUR.
Apparently insulin is always free and so are some other stuff.
Obviously this only applies to prescriptions.
IMO a great system is a mix of both a strong private sector and a strong public sector with non corrupt governmental oversight.
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non corrupt governmental oversight
I mean, we could just wish for a unicorn pony that shits glitter and barfs rainbows while we’re at it.
Apparently insulin is always free and so are some other stuff.
Oh so you mean literally what I said in my original comment?
IMO a great system is a mix of both a strong private sector and a strong public sector with non corrupt governmental oversight.
IMO a great system would be to round up the executives, board members, district heads, and shareholders into work camps. 😘
Did you miss the part where I disagreed with you, lol?
You said that it has to be handled by exclusively the public sector and I said that it doesn’t. And I said that here we have accomplished a great system without that.
Can you not imagine the system being better than it is right now?
It works great. Could you explain how it could be better? Seems like a terrible idea to just change things with no evidence that it would improve things.
The entire healthcare system could use a rework but there is nothing wrong with this system in particular.
Yes we are familiar with your barely-concealed desire to kill people. What we’re trying to discuss is more of a help-poor-people thing, than it is a hurt-rich-people thing.
What? No! They should never be allowed to die. 🤭
They have accumulated an incredible debt to society that they must pay back, no matter how long it takes! 😉
could be handled by a public industry that produces a public good
could be, in a fantasyland where all people do things out of pure altruism and always put the good of others ahead of their own self-interest.
I used to believe people could be this way too. Then I turned 8.
If public libraries were proposed today you would oppose them as fantasyland nonsense.
In the real world, public works work.
The price gouging should never have been allowed to happen but I’m glad shit’s being done about it.
Fucking go after the predatory practices of the private insurance companies and make actual change. This rebate shit thats making this happen will be overturned as soon as the only other party that ever wins gets in there. Seriously, its all so fucking exhatusting nothing actually changes ever.
Won’t SOMEBODY think of the poor, poor price gaugers?
The best thing about lemmy is that one almost doesn’t even need a /s here.
I’m curious as to why these companies are doing this. The article isn’t clear. It does mention “public pressure” but that’s never really stopped a company, especially if they are making crazy profits, from continuing to make those profits. Big pharma doesn’t just stop over charging out of the goodness of their hearts.
Is there some new regulation or foreign competitor behind this?
BOOO! That’s not the FREE MARKET!
-Pro Life Republicans
