- cross-posted to:
- politics@lemmy.world
- cross-posted to:
- politics@lemmy.world
More Americans with diabetes will get a break on their insulin costs in 2024.
Sanofi is joining the nation’s two other major insulin manufacturers in offering either price caps or savings programs that lower the cost of the drugs to $35 for many patients. The three drugmakers are also drastically lowering the list prices for their products.
The moves were announced in the spring, but some didn’t take effect until January 1.
Drugmakers have come under fire for years for steeply raising the price of insulin, which is relatively inexpensive to produce. The inflation-adjusted cost of the medication has increased 24% between 2017 and 2022, and spending on insulin has tripled in the past decade to $22.3 billion in 2022, according to the American Diabetes Association.
Some 8.4 million Americans rely on insulin to survive, and as many as 1 in 4 patients have been unable to afford their medicine, leading them to ration doses – sometimes with fatal ramifications, according to the association.
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Some 8.4 million Americans rely on insulin to survive, and as many as 1 in 4 patients have been unable to afford their medicine, leading them to ration doses – sometimes with fatal ramifications, according to the association.
imagine reading this in a history textbook. what would you think about this empire
It’s always a bummer to me to see a headline like the one in this post and we’re supposed to feel good about it. Obama had a supermajority. It didn’t have to be this way.
Most if not all empires were built on slavery and oppression.
I’d say all – this leads me to believe empire in and of itself is the problem. People don’t voluntarily become subjects.
Barbarianism, but elevated
Still too much. Insulin in my country is around $10+. And it’s a third world country.
Yeah, exactly.
Insulin costs like 2 bucks a vial to make.
even 35 dollars is an egregious rip off.
It seems like a compromise price, though it should be free or near free at the point of “purchase” in any first world nation. The sheer fact that it was controversial to even compromise at $35 and still allow a hefty profit on a medicine you would die without is a testament to how fucked up American healthcare has become.
American Healthcare has been fucked up since insurance became standard and expected
Insurance is what allowed greed to explode in the industry. Its why you get charged 90 dollars for an a single asprin. Its why everything is fucked up, and its ruined the entire medical field for anyone who has no insurance or bad insurance.
No arguments there. I sit with an insurance plan my company pays 100% of, which is over $600/mo. The insurance company provides no co pay. I pay 100% of doctors visits until I meet the $3200 deductible per visit. And that’s if they are in network, the deductible is double that if it’s out of network, like say with the medical provider that controls 80% of the doctors in the area. Anthem/Elevance is beyond awful.
They have destroyed and inflated the cost of care, and provide “insurance” that only pays in the event of catastrophic care. It’s a complete scam.
I have eleven thousand dollars in my health savings account. In theory, that will allow me to get sick two times. That’s it. That’s what I get. And I don’t believe I’ll even get that. Insurance finds a way to deny everything.
Also why ambulance rides went from always free to costing thousands of dollars. Localities figured out they could bill insurance for them.
Thanks, Joe.
Great to see for Americans.
Affordable health care for all is the future liberals want.
and republicans act like is the most horrific, obscene, unfathomably evil thing that ever existed, the mere notion that the poors can afford healthcare.
but then again, they are also a bunch of fucking pedophile baby fuckers that want to block the epstein list from going public because it personally incriminates them.
Beep boop. No lies detected.
And leftists continue our push for single payer with zero copsy.
Not good enough.
I remember Trump saying he was going to do this during his presidency and my parents who are trump fans are like “well Biden didn’t do this, Trump got it started and he took the credit”. Which I don’t believe for a second. So what exactly happened to Trump’s original plan? I assume it only benefited the rich or something like all his plans and Biden scrapped it to replace it with something better?
If it’s a good thing, Trump started it, if it’s a bad thing, Biden did it
The whole argument is absurd because neither one did anything, the companies themselves did this voluntarily and can switch it back at any time because there’s no federal statute or regulation to stop them
You didn’t read the article did you?
They cite multiple factors but the largest seems to be a change to the way Medicare rebates are paid. Starting Jan 1st, this move allows them to pay less rebates to Medicare based on how they’re calculated and will save the companies millions. So yes… it’s actually directly based on the Biden administration changes.
The price gouging should never have been allowed to happen but I’m glad shit’s being done about it.
Won’t SOMEBODY think of the poor, poor price gaugers?
The best thing about lemmy is that one almost doesn’t even need a /s here.
Fucking go after the predatory practices of the private insurance companies and make actual change. This rebate shit thats making this happen will be overturned as soon as the only other party that ever wins gets in there. Seriously, its all so fucking exhatusting nothing actually changes ever.
BOOO! That’s not the FREE MARKET!
-Pro Life Republicans
I’m curious as to why these companies are doing this. The article isn’t clear. It does mention “public pressure” but that’s never really stopped a company, especially if they are making crazy profits, from continuing to make those profits. Big pharma doesn’t just stop over charging out of the goodness of their hearts.
Is there some new regulation or foreign competitor behind this?
