that even though drugmakers' "list prices" for insulin have surged, their "net prices" have grown at a more modest rate. The list price is how much the drugmaker charges. The net price is money the drugmaker gets after fees, discounts and rebates to wholesalers or pharmacy benefit managers.
Novo Nordisk says its insulin net prices declined at double-digit rates in 2017 and 2018 because of rebate demands.Newton, Massachusetts, resident Deidre Waxman has good prescription-drug coverage through Medicare. "I send it to friends who are in dire need," Waxman says. "These are people who would die without insulin."Erin Clark for USA TODAY
People who struggle to pay are “more in the middle,” Lipska says. They don’t qualify for Medicaid, the state insurance plan for low-income residents, and some earn too much to qualify for patient-assistance programs. Insulin was too expensive. The uninsured Redding, California, resident could not afford the cost of a drug that had more than tripled since the early 2000s.
She barely had enough energy to make it through classes at Shasta Community College. Vision in her right eye, stabilized this decade from an operation, began to worsen because she could not afford to take insulin as prescribed. She is blind in her left eye. Pharmacy benefit managers started to counter pharmaceutical industry's pricing power. As these middlemen gained more clout, they began to demand higher rebates. Drug companies raised prices by amounts that are slightly less than what pharmacy benefit managers demanded.
Carter was struggling on Christmas Day, feeling nauseous and slurring her words, a roommate told Huber Heights police.
Just to let you know, in Denmark the cost of Diabetes medicine is between $40 and $200.
We've become such a calloused society that we value profit over saving lives. BigPharma you did this....
Ridiculous! Greedy Pharma!
Eli Lilly has just cut the cost of insulin in half with the new drug Humalog.
Terrible
Interesting story yet I know obese people who refuse to even make changes to their diet.i know one guy has had 3 toes removed and in danger of getting foot cut off yet drinks 3-5 32oz cokes a day
Shameful where is the damn Congress and the FDA. This is what their job is instead of that they spend all their time debating s... that doesn't matter. Please contact or Congrrssman and Senator to see if they can help. There are usually emergency vouchers you can apply for🙏🙏🙏
Stop with the soft drinks
This is what happens when courts rule price-gouging and monopoly rents are presumptively LEGAL. Those dry legal discussions: they have real consequences. The push for 'tort reform?' Generally, that means letting bad guys off the hook for wrongdoing.
Insulin should be free to everyone
This is absurd. More reason we need universal healthcare. America could implement it.
Despicable.
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