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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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There's no such thing as an original sin.
-- Elvis Costello
(Score: 1, Interesting) by Anonymous Coward on Wednesday January 23 2019, @04:14PM (6 children)
Sounds more like a failure of insurance coverage, or did someone who owns 80 acres not have insurance?
(Score: 2) by JoeMerchant on Wednesday January 23 2019, @06:55PM (2 children)
What part of backwoods Alabama did you not understand?
I just bought firewood from these old boys, I didn't audit them, but if I had to guess... ah, nope - just Medicaid most likely.
🌻🌻 [google.com]
(Score: 2) by krishnoid on Wednesday January 23 2019, @07:12PM (1 child)
Medicaid will pull the plug and call debt collectors? Or did you mean the hospital?
(Score: 2) by JoeMerchant on Wednesday January 23 2019, @08:25PM
As I said, I was buying a cord of firewood from these good 'ol boys - they were probably in their 30s. The story lasted as long as it took to fill up the back of the pickup with firewood, so details were sketchy. Sounded like it was the hospital, and it sounded like the lawyers had already done the deed and foreclosed on the land.
🌻🌻 [google.com]
(Score: 2) by PartTimeZombie on Wednesday January 23 2019, @07:18PM (2 children)
It sounds a lot more like an exploitative medical industry to me.
There is a better way to do it, as every other country in the developed world knows.
(Score: 2) by dry on Thursday January 24 2019, @06:33AM (1 child)
You still get the exploitative pharmaceutical industry, though you might have the buying power to make a difference. Here in Canada, drugs cost a fortune as each Province/Territory negotiates separately.
(Score: 2) by PartTimeZombie on Thursday January 24 2019, @06:34PM
That's true, they are exploitative. We have a national drug buying agency, and surprise surprise our American friends were very keen to hobble it during the TPP negotiations.