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Senate Strips Life Saving Medical Insulin Cap From Inflation Act

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fskimospy said:
Yes. People do not realize that in most cases nearly the entire cost of drugs is development. Once it’s developed and approved the cost is essentially zero.

Getting that approval is really hard though and tends to create captive markets. That’s what they exploit.
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For biologics, standard COGM is 10% across the industry.
 
Fanatical Meat said:
Cost Of Goods Made-or whatever
Basically the shelf price is 10x what it costs to make. Note shelf price just means to the first buyer. Our medical system has a shit ton of middlemen that add ZERO value.
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The thing is shelf price of 10x is not inherently bad because the research and approval is the main cost. The bad part is when you take drugs where that was already accounted for and jack them up because you can.
 
i'm amazed that lobbyist are a thing, it's essentially legalized bribing imo
fskimospy said:
The thing is shelf price of 10x is not inherently bad because the research and approval is the main cost. The bad part is when you take drugs where that was already accounted for and jack them up because you can.
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i think it's just as bad when they make minor changes to the drug with the main focus on creating a new patent that they can charge out of the ass for
 
uclaLabrat said:
Depends on whether you mean literal or colloquial definition of a dime:
www.wusa9.com

Yes, insulin costs about $10 to make but sells for nearly $300

The list price for insulin has ballooned over the last two decades. Why is it so expensive?
www.wusa9.com www.wusa9.com
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So I use roughly 50 units a day in my pump, out of a thousand unit bottle. So if it was sold for close to cost it would be around 50 cents a day for me (several dimes 😉). If I was uninsured and paying say 400 a bottle that jumps to $20/day or $600/mo. No shock that many uninsured are having to ration, which is obviously effing terrible for your health.


fskimospy said:
The thing is shelf price of 10x is not inherently bad because the research and approval is the main cost. The bad part is when you take drugs where that was already accounted for and jack them up because you can.
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Not at all:

Rep Porter calling out greedy pharma CEO.
 
dainthomas said:
So I use roughly 50 units a day in my pump, out of a thousand unit bottle. So if it was sold for close to cost it would be around 50 cents a day for me (several dimes 😉). If I was uninsured and paying say 400 a bottle that jumps to $20/day or $600/mo. No shock that many uninsured are having to ration, which is obviously effing terrible for your health.




Not at all:

Rep Porter calling out greedy pharma CEO.
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Apologies, assumed a vial was one dose, not really familiar with specifics of insulin 😆
 
Captante said:
Prescription drug advertising should be mostly eliminated... it does far more harm then good.
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I can see it for like when Viagra was new and maybe antidepressants. Things that people may not otherwise talk to their doctor about. Everything else though, fuck off.
 
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Pens1566 said:
Agree with the bolded completely. And I say that as someone that used to benefit indirectly from drug company boondoggles via them spending on wining/dining the wife's former practice.

As for your second sentence ... eh, I'm not so sure about that one. Given what I've seen of the collective intelligence of our great nation over the last 2+ years (medically speaking), most of us aren't really qualified to be "doing our own research" and second guessing our PCPs. Just walk through a walmart and play the "which person here would understand drug interactions" and you'll get the idea.
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Don't go too extreme. My wife started getting migraines once in awhile that weren't usually that bad. Doctor prescribed a daily medication. When we go to pick up they made her sign a waiver that it'd make birth control ineffective. Got home and researched it on like Mayo or WedMD and the side effects were insane. Like personality changes, ineffective birth control (and birth defects!). Called back and got a much different drug that's only when needed.

People should know what they are being given, but they should find out on credible websites, not stormfront.
 
Zorba said:
I can see it for like when Viagra was new and maybe antidepressants. Things that people may not otherwise talk to their doctor about. Everything else though, fuck off.
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So.... you're saying fuck learning about the medications you take?

Good plan ... what could go wrong? 😛

😉


Newsflash: YOU are the primary advocate for your health not your MD.
 
😛
Captante said:
So.... you're saying fuck learning about the medications you take?

Good plan ... what could go wrong? 😛

😉


Newsflash: YOU are the primary advocate for your health not your MD.
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Sorry, I was responding to the part about no ads. I was agreeing with you. I know that rarely happens though, so you may not recognize it😛
 
disclaimer - I am EU citizen with DM type I

So.. you have a market control (entity that controls competition by issuing approval of medications) yet free market when it comes to pricing the medication hands in hands with with no universal health care...
What could go wrong?

Of course, If you have an insurance plan that covers the medication you might not care about the price itself. But still, you might be wondering why the insurance plan is so expensive.
Well... because charging $100 for a 300 unit (3ml, daily usage is approx. 0.5-1 unit per kg of weight) of medication that is used for 100 years (animal insulin, 2022 is the anniversary) or for 40 years (synthetized human kind) when everywhere else in the "developed" world it costs one tenth IF YOU HAD NO INSURANCE PLAN cannot be considered normal.
I actually see no difference between behemoth companies pulling the money from their local entities by charging made up "Legal Service" fees and this.

Why the outrage? Insulin dependent diabetes (type I) is not caused by bad eating habits / "being fat". It is auto-immune disease that starts mostly in childhood (it's a life-long "condition") and it is starting to me more and mode widespread. We have a half-shitty (depends on PoV) way to solve it for a century by making people take multiple shots a day. Alternative (not taking the shots with DM type I.) is a horrible death. So for an individual to appear and mostly function in the society for (almost) as long as healthy one all you need is the stupid "squeeze the bovine" essence done 100 years ago, yet someone is making a big business out of it.

We are not talking about needing a heart/ kidney transplant - where you first need a donor (unfortunate soul) and someone to actually perform the surgery (price affected by salary of the surgeon and facility fees), but self medicated "liquid" that is already being made in tanker-sized quantities.

tl;dr: book a flight to Europe and have a doctor prescribe you the insulin here - even as a self payer you would pay approx. $50-100 for 10x3ml (300UI) cartridges. which means... It is cheaper to go collect small box with 30ml of "liquid" each month to EU as a self-paying patient than to get it in USA.

Well... what should I say?
If this happens in war zone it is considered a humanitarian crisis or if we stretch it a bit an out-right war crime if the medication is withheld intentionally. Yet if "free" market causes it, its all right - as it should be.
 
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Zorba said:
Don't go too extreme. My wife started getting migraines once in awhile that weren't usually that bad. Doctor prescribed a daily medication. When we go to pick up they made her sign a waiver that it'd make birth control ineffective. Got home and researched it on like Mayo or WedMD and the side effects were insane. Like personality changes, ineffective birth control (and birth defects!). Called back and got a much different drug that's only when needed.

People should know what they are being given, but they should find out on credible websites, not stormfront.
Click to expand...

I did say "most of us" ...
 
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