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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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You are a fluke of the universe; you have no right to be here.
(Score: 5, Touché) by Whoever on Wednesday January 23 2019, @03:58PM (10 children)
1) When the government subsidizes something it gets more expensive.
Which explains why other Western countries that have fully funded healthcare for all have shorter average lifespans and more expensive medicine ..... Oh wait! They don't!
(Score: 1, Interesting) by Anonymous Coward on Wednesday January 23 2019, @05:25PM (2 children)
I'm not as educated as I would like to be in this department, but I was under the impression that most of the "good" countries had government funded healthcare, not government subsidized health care.
That distinction seems important to me, though I can't say why I'm more willing to believe that the government would make better use of its own money than someone who'd receive that money for meeting certain criteria would.
I'll have to reflect upon that opinion.
(Score: 2) by DeathMonkey on Wednesday January 23 2019, @09:25PM (1 child)
Canada has a government insurance system.
England has publicly funded services.
They're both much better than the US.
(Score: 2) by dry on Thursday January 24 2019, @06:42AM
Canada has 14 government insurance systems. We also have some of the most expensive drugs in the world, 2nd highest I believe, partially due to the fractured healthcare.
(Score: 0) by Anonymous Coward on Wednesday January 23 2019, @07:07PM (6 children)
Sounds like they can't even get basic stuff like a wheelchair or enough beds despite being 15 billion usd in debt:
https://en.wikipedia.org/wiki/National_Health_Service [wikipedia.org]
(Score: 2) by PartTimeZombie on Wednesday January 23 2019, @07:32PM (5 children)
The reason the NHS in the UK is struggling is because successive Tory government have under funded it, in an attempt to prove how much better the private sector would be in providing healthcare.
They have already done that to the trains, with the same result. Worse service for more money.
(Score: -1, Troll) by Anonymous Coward on Wednesday January 23 2019, @08:07PM (4 children)
Oh, so centralized/socialized medicine works fine until politics messes it up. Is that what happens?
(Score: 2) by Azuma Hazuki on Wednesday January 23 2019, @11:28PM (2 children)
Because politicians who are against it mess it up. You may as well say there's no point to having a lock on your door because a criminal can mess it up with, for example, a can of liquid N2 and a good swift kick.
Of course I know what you were really trying to say/do here, but it doesn't work, so I'm replying to vaccinate anyone unfortunate enough to read your bullshit against the stinkin' thinkin' in your post. FOaD, post-haste.
I am "that girl" your mother warned you about...
(Score: 0) by Anonymous Coward on Wednesday January 23 2019, @11:39PM (1 child)
Not a good analogy. It isn't inevitable that someone is going to break the lock. It is inevitable that politicians will mess up whatever it is they try to do and make it 10x more expensive than it needs to be (at least in the US).
(Score: 2) by hendrikboom on Friday January 25 2019, @02:54PM
What is it about the US that ensures that politicians will mess up whatever it is they try to do and make it 10x more expensive than it needs to be?
Is it something in the constitution that has this effect?
-- hendrik
(Score: 2) by PartTimeZombie on Thursday January 24 2019, @01:18AM
Socialized medicine works so well, that once a country tries it, it becomes so popular that it winds up being a political consensus. Any party which offers to dismantle it loses elections. In the case of my country, they lose badly.
The UK has the problem that there is a section of the Conservative party that thinks 1910 was the best time to be alive. And it was if you're the Earl of somewhere, or your Grandfather made a fortune from coal or wool.
They are doing their level best to take Britain back to that time, with the help of people like Rupert Murdoch.