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U.S. insulin costs per patient nearly doubled from 2012 to 2016, study finds
The cost of insulin for treating Type 1 diabetes in the United States nearly doubled over a recent five-year period, underscoring a national outcry over rising drug prices, according to a new analysis.
A patient with Type 1 diabetes incurred annual insulin costs of $5,705, on average, in 2016. The average cost was roughly half that, at $2,864 per patient, in 2012, according to a report released on Tuesday by the nonprofit Health Care Cost Institute.
The figures represent the combined amount paid by a patient and their health plan for the medicine and do not reflect rebates paid at a later date.
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U.S. Insulin Costs Nearly Doubled From 2012 to 2016
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I must have a prodigious quantity of mind; it takes me as much as a
week sometimes to make it up.
-- Mark Twain, "The Innocents Abroad"
(Score: 2) by dry on Thursday January 24 2019, @06:55AM (3 children)
Perhaps they have evidence rather then propaganda? I live close enough to America that I get their media. Endless commercials pushing drugs. If the $1000 medicine is basically the same as the $100 medicine, which should the government pay for. Same as if something is hopeless such as advanced Alzheimer's.
I think in the States, it's the same except it's the insurance industry making the decision, with some corruption thrown in.
(Score: 0) by Anonymous Coward on Thursday January 24 2019, @11:26AM (2 children)
The point is that under the NHS, the government decides what treatments are available.
(Score: 2) by dry on Thursday January 24 2019, @05:00PM (1 child)
And under private insurance, the private company decides what treatments are available. As private industry is usually more inefficient due to needing to make a profit and pay its executives bonuses and golden parachutes, the government by default is a better choice. If you disagree, well you do have the choice of private.
(Score: 0) by Anonymous Coward on Thursday January 24 2019, @06:30PM
Oh yea. Health insurance is a huge scam. It is much cheaper not to use it. I would like to get a really high deductible plan for really cheap. I mean like a couple hundred dollars/year with a $20-100k deductible, but that doesn't exist because it would make too much sense.