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The High Cost of Insulin Explained ?

Started by walkerwally1, April 04, 2019, 07:26:54 am

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walkerwally1

According to this article the reason drug companies charge so much for insulin is because they can.  I believe this is true.
https://www.msn.com/en-us/money/insurance/the-absurdly-high-cost-of-insulin-explained/ar-BBVAGhc?ocid=spartandhp
Type 2 since 1993.  Control with Metformin and LCHF diet.  76 YY
A1c 4.7% September, 2018
Living in Mojave Desert, California, USA
"The 50-50-90 Rule.  Anytime you have a 50-50% chance of getting something right, there is a 90% chance you will get it wrong"

Grammabear

Type 1, April 2003
Dexcom CGM Sep 2007
Tslim pump Oct 2015
A1C 6.5% - March 2019
"I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel."  ~Maya Angelou

skb

It is probably true for all drugs and even supplements.
No meds since June 2011
Controlled by Diet & Exercise
Member of 5% A1c Club

Blog : Metabolically Challenged

Tamagno

Interestingly, I believe that at least four of the major pharmaceutical companies are actually privately held by families and not even publicly traded which is a curious business model in such large enterprises. Among other things, it means they have no stockholder accountability whatsoever.

And then, of course, greed is a human characteristic since our beginnings and not likely to go away by any means...
Using T-Slim pump and Dexcom G5 CGM.

walkerwally1

Quote from: skb on April 04, 2019, 02:40:51 pmIt is probably true for all drugs and even supplements.
Probably, but the thing that seems strange to me is that as long as insulin has been around there is not more generic brands available. 
Type 2 since 1993.  Control with Metformin and LCHF diet.  76 YY
A1c 4.7% September, 2018
Living in Mojave Desert, California, USA
"The 50-50-90 Rule.  Anytime you have a 50-50% chance of getting something right, there is a 90% chance you will get it wrong"

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