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Why Are Insulin Pumps So Expensive

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The Rising Price Of Insulin

Diabetes is a chronic disease that afflicts 25.8 million Americans. Insulin, one of the primary treatments for diabetes, has been around since the 1920s. Yet, somehow the drug is still priced beyond the reach of many Americans. One of our advocates recently left a comment on our Facebook page regarding this problem, which encouraged us to take a closer look at it. Medication nonadherence (patients not taking medicine as prescribed) is undeniably related to diabetes-related health complications that result in emergency room visits and lost productivity. Diabetes is an expensive and deadly disease. It is the seventh leading cause of death in the U.S. and cost the country $245 billion last year. A few big pharmaceutical firms dominate the insulin market due to lengthy patents and lack of generic competition. Insulin is a biologic drug, which means that it is made up of living organisms rather than chemical compounds. This makes it more difficult to copy, which biotech companies often use as justification for the exorbitant prices they charge for the drugs. We’ve had anecdotal evidence from a consumer of a big price hike on her Humalog insulin this year. When she was trying to find o Continue reading >>

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  3. Rhonda

    This Site Might Help You.
    RE:
    why do insulin pumps cost so much?
    is there anyway companies could start producing them more cheaply. They seem to be the most state of the art treatment, the safest, and allow the most lifestyle flexibilityy. surely it should be a prioty to get them out there for a muchcheaperr price, they have the potential to really change...

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