diabetestalk.net

Why Is Insulin So Expensive

Share on facebook

The Prices For Life-saving Diabetes Medications Have Increased Again

A Type 1 diabetes patient holds up bottles of insulin. Reuters/Lucy Nicholson Insulin prices have been rising — increases that mean some people are spending as much on monthly diabetes-related expenses as their mortgage payment. It's led some people living with diabetes to turn to the black market, crowdfunding pages, and Facebook pages to get access to the life-saving drug. At the same time, the companies that make insulin have faced pressure from politicians including Senator Bernie Sanders, class-action lawsuits that accuse the companies of price-fixing, and proposed legislation in Nevada. Even in the face of this criticism, two of those drugmakers — Eli Lilly and Novo Nordisk — raised the list price of their insulins again in 2017. Diabetes is a group of conditions in which the body can't properly regulate blood sugar that affects roughly 30 million people in the US. For many people living with diabetes — including the 1.25 million people in the US who have type-1 diabetes — injecting insulin is part of the daily routine. Insulin, a hormone that healthy bodies produce, has been used to treat diabetes for almost a century, though it's gone through some modifications. A Continue reading >>

Share on facebook

Popular Questions

  1. TomasHezan

    85

    Why is Insulin so expensive? (npr.org)
    95 comments share save hide
    report


    all 95 comments
    sorted by: best


    Want to add to the discussion?
    Post a comment!


    Create an account

  2. Sideburnt

    Because when life saving medicine sits in the hands of Private financial institutions then greed and monopoly aren't far behind.
    The Canadian chap that was largely responsible for discovering how to mass produce insulin explicitly refused to patent it because he wanted insulin to be free to those who needed it. He'd be furious at the current system in some countries, and rightly so.

  3. KillerLag

    Actually, he did patent it, but sold it to the University of Toronto for 50 cents.
    http://en.wikipedia.org/wiki/Insulin#Nobel_Prizes
    "The Nobel Prize committee in 1923 credited the practical extraction of insulin to a team at the University of Toronto and awarded the Nobel Prize to two men: Frederick Banting and J.J.R. Macleod.[68] They were awarded the Nobel Prize in Physiology or Medicine in 1923 for the discovery of insulin. Banting, insulted that Best was not mentioned, shared his prize with him, and Macleod immediately shared his with James Collip. The patent for insulin was sold to the University of Toronto for one half-dollar."
    Edit: Related news article that happened to also come out today.
    http://www.cbsnews.com/news/how-drug-companies-keep-insulin-prices-high/

  4. -> Continue reading
read more close

Related Articles

Popular Articles

More in insulin