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posted by chromas on Wednesday January 23 2019, @10:24AM   Printer-friendly
from the stop-being-poor dept.

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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  • (Score: 2) by dry on Thursday January 24 2019, @05:00PM (1 child)

    by dry (223) on Thursday January 24 2019, @05:00PM (#791293) Journal

    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.

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  • (Score: 0) by Anonymous Coward on Thursday January 24 2019, @06:30PM

    by Anonymous Coward on Thursday January 24 2019, @06:30PM (#791355)

    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.