Why Insulin Is So Expensive | So Expensive
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- Опубліковано 11 лют 2019
- Insulin prices have tripled in the last 15 years. Three manufacturers produce insulin for the United States drug market and their prices don't seem to show signs of decreasing any time soon. Why is insulin so expensive?
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Why Insulin Is So Expensive | So Expensive - Наука та технологія
Insulin is expensive in the US because of greed. Period.
And the idiots that vote people in power that will never tackle these companies, if anything the greed of big companies will only be encouraged further. If you don't want any goverment intervention this is what happens. The powerfull eat the poor.
J Biafra I agree 100% then people vote for trump and say it was worth it.
Yes !
Go make your own and give it away
Its called capitalism. If you dont like it then do the american thing and make a buisness
I didn't know EA owned life-saving drug companies too.
Wanna live? *pay.*
Haha! PTW - RL Edition
that DLC is going to cost you
nah it isnt that bad. get good insurance and ez
Lol that would explain it.
@@bastion8800 good health insurance is the DLC
Just remember insulin was developed by dr Banting and assistant Best. He sold the rights to insulin for 1 dollar. Why is it so expensive GREED.
government policies
Privitization
@@bobrooney5315 If it's because of privatization then Canada would have expensive insulin prices (they don't)
Banting and Best developed animal insulin, porcine I believe. Now we have synthetic insulin and animal insulin is no longer available.
@Oddly Right Biden is for profit with no morality, yes.
There's a fine line between corporate greed and extortion, and I think this has definitely crossed that line.
Corporate greed has no limits 😂
Government.
Most items on this "So Expensive" series: caviar, pearls, Louboutin shoes, are luxury items none of us need, so it's kinda fun to hear about. Insulin is completely different.
At it has the least views
To capitalism, everything is a luxury item.
Because it used to be cheap when technology wasnt so advanced, the technology now are so advance and instead of becoming cheaper the price rose exponentially. Drugs destroy people, too high price insulin prevents people who cant afford it to buy, theres little difference if you just went a little deeper
@@shingshongshamalama it's not capitalism
In capitalism noone can stop you when you want to produce product that market need
In capitalism if insulin is expensive then market will make new capitalist that make more insulin cause it very cheap to produce
Monopoly is not capitalism
Someone keep lobbying government to keep their olegapoly
Caviar is just fish eggs... Fish eggs... The most profitable product in history let that sink in for a moment. Hmm fish eggs... I... I dunno what to say
Insulin can cost as low as $2.50 here in Brazil.
I think you should start an export business.
Customs would tax the shit out of it, should I do it.
Doesn't hurt to do some research and see how much customs would tax you.
In Egypt $1.16 😂
OtavioFesoares that’s if they’d even let you import it at all. Because it WILL effect their sales and you know how greedy US companies are.........
I watched this with a heavy heart. I live in the UK, and my son was diagnosed as having T1 last year (2021). The National Health Service (NHS) covers the cost of everything to do with his treatment, etc. I dread to think what would have happened to our finances if we lived in the States or some other country where the price of insulin is astronomical. How can the US government allow this to happen? Surely, one of the strengths of any nation is the quality health of its citizens. People don't have to sell their houses to buy insulin for heavens sake. This is capitalism at its worse.
it's only in the US even in third world countries insulin is cheap pens here cost around $5-$10
It should be cheap but everytime someone tries to put a law in place capping the insulin cost the republicans prevent it from being implemented
@@rcforb5255 It's really sad. You guys should never vote for such people.
@@David-mn2cg Either way, it doesn't matter who we vote for, because the people who are able to make a company richer will ALWAYS be elected.
@Coding Vio I guess you're right. It's really sad. People need this to survive and the greedy ones amongst us do not care.
Here's a good title for this video, "How Insulin companies get away with price gouging".
As a Swiss Diabetic I am shocked to hear that: I dont even know the price of Insulin in Switzerland, because I am fully covered by Healthcare.
Same in Croatia
@@graciela0501 In Poland it is either fully covered by insurance or you pay for it like for bread, very little, everyone can afford it. I actually have a dog with diabetes and I buy the insulin for the regular market price. It is still cheap and I don;t need to worry about it too much. I pay around 21 euros for a pack of 5 phials, 300 units each. The idea that I can afford to take care of my sick dog in a country in the "Eastern Europe" and people cannot afford the same life saving drug in US is just mind-blowing!
@@madebywera5048 the US has always had awful healthcare. Good healthcare hurts business for big companies so it gets blocked in legislation due to corruption.
me too. i live in the usa tho
@@madebywera5048 Excellent point: insulin for pets is cheap. Same for antibiotics. At one point Petco, a US supermarket chain for pets, notices abnomal sales for its fish meds. That's because Americans figured out it was the same antibiotic than for humans (Amoxycillin) but sold much cheaper for pets and since fish rarely go to the vet, you didn't need a prescription to buy it.....
You can get 6 vials for 10€ in Finland.
America needs to fix this problem, like I mean *HAS* to.
why fix the problem when we can just die instead?
@@domusdebellum3042 You are a genious god damn.
@@domusdebellum3042 lmaooo
The greedy white people up top don't care about us
Yeah the FDA has to let competitors out. Also it would be nice of Finland to start paying for innovation
I'm a 13 years old with type 1 diabetes and I had no idea that other people pay so much for their insulin
Is it curable ?
@@user-hq1gt2uv9g No like unless you get a transplant you'll have diabetes for the rest of your life
@@servandogarza3727 That's not, always true. Even with Type 1 diabetes many people's symptoms go away. Then again, type 1 has a high death rate sooooo
We don't, at least outside of US
I've been watching loads of these now (you know, Corona) and from all the things like foie gras, weird dog breeeding shit, stupid expensive handbags, etc... about which every commentor complains, this is on a new lvl. This is life saving for loads of people. This isn't a luxury item in an actual first world country. If this isn't just about free in your country, you aren't a first world country, period.
In Spain the price of insulin is close to $5 thats how broken the system is in the USA
Spain is such a success story...the double digits unemployment, the struggling economy, the lack of business innovation. What an incredible place the US should emmulate.
@@watchdealer11 And yet schooling is better, poverty is lower, and healthcare is affordable. Sounds like a good trade to me.
@@oscarsmith3942
got emm
watchdealer11 people are jobless but alive without problems
In USA you have job And No money for healthcare
Idk whats better
@@oscarsmith3942 Wow, you mentioned all the industries in which government plays a huge role! Thanks for proving my point.
Let's compare Silicon Valley to Spain's IT industry...
Someone has to remake Breaking Bad with insulin instead methamphetamine
Heisenberg could've been a Anti-hero in that kind of Breaking Bad.
Insulin is far harder to be synthesized
Jessy i have stage 4 diabetes im going to make insulin
@@dlvivlviv With a large enough group, and effort, it can be done
Jesse! We need to eat something sweet, our blood glucose is low! Jesse!
Eli Lilly's CEO David A. Ricks salary is $1.4 million a year!!!
That's pretty low. Big companies like that have their CEO's salary in the 10+ million USD
@@NoTimetoCry As Chairman, President, and Chief Executive Officer at ELI LILLY & Co, David A. Ricks made $17,824,705 in total compensation. Of this total $1,483,333 was received as a salary, $2,625,500 was received as a bonus, $0 was received in stock options, $13,587,500 was awarded as stock and $128,372 came from other types of compensation. This information is according to proxy statements filed for the 2020 fiscal year.
In Australia under the PBS ( Pharmaceutical Benefits Scheme)
my insulin costs me about $3 ($2 USD) per week.
Every Australian is covered by the PBS.
This is scary. I am a kid with type 1 diabetes, and I hear my mother talk about the prices of insulin all the time. I didn't know that things were this bad until now...
welcome to the world. it's a terrible world of realities.
Import from other countries
Ditto lmao than just like GET a pancreas
@Four lol
Damm bro sorry
Sounds like a monopoly to me.
gaming typhlosion its called a cartel in economics, a few companies jointly increasing their prices so that they mimic a monopoly, and maximize profits which they then split. which is extremely illegal in almost all countries. idk what happened in the usa to allow this
@@CyberAngel32 Thanks for the clarification...
Please enlighten us with your grade 7 understanding of economics
watchdealer11 more like undergraduate level. and its been a known occurence for decades now, in many industries so gtfo
@@CyberAngel32 Really, monopolies are a known occurrence in many industries? They aren't even in this case, you unwashed slitherfuck. Three competitors is an oligopoly and all three have separate patents on their respective items.
The real issue are the regulations preventing the importing and sale of cheap insulin. Government is the problem not the solution, you puttied walrus.
I am so glad I have the NHS
You could simply make a law that says when a patent has been extended for a change, only the change would be patented. The original product's patent should expire irrespectively.
Textbook example on why sociopaths are the best businessmen
true
@@Dawdan4 slurp slurp how does the boot taste
@@Dawdan4 slurp slurp mmm so good boot mmm
@@Dawdan4uhm, sorry but why you like your own comment? 🤔
@@Dawdan4 .
Sad to see this mess of a medical system. I live in Germany and I pay 5€ for my Insulin... Per Month!!!
As a german, i am actually shocked you have to pay For your insulin. I thought it would be completly covered
@@Cokejomix Well, this is more kind of a
administration fee... most of it is covered (saw the bill to my
insurance company... they had to pay over 700!!! so 5 € I am really willing to pay)
@@teambeauty261 Even when you factor in your Healthcare tax with 100% for the insulin I bet you are way below the priece in the US
@@MrPaksh yes, that is correct. I couldn't go on with my life the same way I do right now if I would have to pay all for medicine...
America is in the shit because people in power are those who set the laws.
people have been brain washed to care more about bullshit than medical care.
I never thought I’d watch an episode of this show and be absolutely depressed by the end of it. The way that woman right at the end of the clip described the issue was so eye opening. It’s just a small amount of liquid but it’s an actual life and death situation
It’s a shame, still to this day nothing has changed. I’m a type 1 diabetic and it’s a constant fear in the back of my mind that I have to worry about the prices for my medicine and pump supplies… makes me sick..
The CEO's should be investigated for running a cartel.
An obvious cartel. But I guess they bribe politicians and government official enough to not get it stopped
Welcome to capitalism.
@@tygonmaster
*crony capitalism.
This is clearly appears to be the sort of market distortion that, from a European perspective, ought to be addressed.
The pharmaceutical industry has been proven to be a cartel, there's literally no competition, companies collaborate to set the drug prices high so that it increases profit for all companies.
@@doctorpc1531 Let me rephrase. Welcome to American Capitalism.
Question:why are drugs so expensive? Short answer: Because the drug companies can charge whatever they want.
Or, because meds are a monopoly.
Not really. it's fine not to set a limit on the price. The real reason is because the patent system is broken and is restricting real competition. If there was even a threat of another competitor we might see a decrease in price.
Christel Headington Answer at 5:03
@@muazqamar -Yes, my answer was the SHORT version.
The same insulin, even made in the same factory, is 1/10th the cost in europe. They are fleecing america.
As someone who has a partner with type 1 it's scary to know he could go through KA at any moment, along with his already reduced lifespan, reduced immunity, and other things I may have failed to research at this point. He'd always say he's fine, but there are days where he's suddenly depressed and I could understand why. It's overwhelmingly frustrating that the US is too insufferable to at least put up regulations to lower the cost of insulin.
As a Norwegian with diabetes I can't believe this. In Norway we got something called (egenandel) that is the money you pay for medicine, doctors appointments and so on. when you reach 210$ the rest is free for the rest of the year.
This video just inspired me to become an insulin dealer!
Caleb Taylor In what way?
The good way or the bad one?
Insulin is bad business bro don't do it.. if faulty insulin is given to patient ... That patient can die in few hours
xerad King better than heroin tho
@@sam-po7rx yeah that's true... But I mean to say is don't missused the insulin with mixing chemical....
You accidentally discovered why anti-monopoly laws are unnecessary. Business people like you will see an opportunity to profit by undercutting their prices.
Politicians out here targeting big tech companies when they should be targeting pharmaceutical companies
Why_not_both_little_taco_salesgirl.webm
What about *Both?*
They don't target them because they are in their pockets.
Lobbying is the primary cause of this insanity. There's a reason it's illegal everywhere else in the world.
@@es2709 That's not even remotely true. Lobbying goes on all over the world and is far LESS regulated in most countries than it is in the US.
It’s the common thread of big companies who squash competition. Textbook antitrust. They both need to be targeted.
It's not a problem of "no competition", the problem is capitalism controlling healthcare, period.
Yes, it is a problem of no competition.
If there were more competition; more companies making insulin, 3 companies wouldn't be able to charge out the ass for it; they would be forced by the thousands of other companies to make their prices competitive or go bankrupt. That's what capitalism is. Capitalism without competition is just autocracy.
The government creates natural monopolies by giving them protection. This is chronic capitalism. Fake capitalism. Government ruins everything.
No competition means no capitalism
lol
one world : This is Amurica
In India insulin vials costs around 5 dollars and there are more than and there are 9 to 10 companies manufacturing it. Even Abott. So why does Abott doesn't sell insulin in USA?
ANS.
.
.
.
.
.
FDA.
Seriously man it sucks to even hear about such costly meds in USA.
It will be nice idea to fly to India and buy about 1000 $ of insulin and sell it here .
@@dogdog2257 I don't think Insulin will last very long without refrigeration.
@@abhishekdev258 ice and ice box
@@dogdog2257 you will get arrested at airport. Bringing medicines in bulk into America is a crime. My cousin had to put his asthma medication in the trash can because new york airport wouldn't let him take it along.
@@abhishekdev258 there are good reasons we regulate medicine coming into the country..... However many other parts of they system are being abused due to low regulation which causes anti-competitive markets.
The problem is not insulin production, it's the ridiculously expensive healthcare system.
..... *Listen* ......
_Modern medicine has no treatment for many disorders._ .........What's worse, all drugs like heart disease drugs cause bipolar disorder and depression......... If anyone, or their family, have any disease and have tried medication and still not cured completely, _feel free to contact me._ ........
You would be treated with nutrition, supplements and minor changes in life style.........
Also you would be *completely free of the disease* in some time, ending all medication. .....
Try it.......
@@HarshJain-it2bg YIKES
@@post_low whats wrong...... You all right
@@HarshJain-it2bg I think it would be better to ask yourself that hun
@@post_low How would I know your condition ?
There are some startling differences in price between the U.S. and Canada. According to one report, the retail price of a vial of Humalog in the U.S. is $300. In Canada, the same vial costs $32. According to media reports, a growing number of Americans cross the border into Canada to get their insulin
Thanks to the ACA my insurance went up to 900 dollars a month, I need insurance since I'm diabetic. so basically its very hard to pay for everything if you make too much to be on welfare, but not enough to comfortably afford the insurance premiums and deductibles.
Insulin in Canada is so much cheaper than in the us people flock over here to buy it (because you don’t need a prescription for insulin in Canada)
Skyelar Murray I’m considering immigrating if I can’t get adequate insurance by 25
You don't need a prescription in America (depending on the type of insulin). In the states Walmart sells the stuff for about $20.
Jonathon Wisnoski not true, actual insulin costs far more and requires a prescription
@@seancssu It is an actually insulin. It is just not every type of insulin. But it is worth noting that the OP is in fact wrong. From my understanding, their is not a single type of insulin in Canada that does not require a prescription, outside of emergency cases.
@@seancssu Walmart sells insulin for 25
The manufacturers have one question... "What is the price of your life?"
Over 9000
BRUH
The manufactuers know people will pay anything to them to stay alive, so the manufactures will put whatever price they want to get that money from the hostages.
@@minecraftminertime true
50 dollars
In the Netherlands we normally don't even know the insuline prices as all drugs required for chronic patients are 100% covered by our insurance system. A friend of mine is a pharmacist and she said that a month supply of insuline would be around €25.-
When you have a small group of companies controlling the market things like this are bound to happen.
They need to be taken to court for price fixing
Many cases of diabetes can be avoided.
Too much sugar is not good. Fructose is really bad. It is converted to fat in the liver and you get pre diabetes. Liver cells have receptors for fructose, most other just have a few. To many quick carbohydrates have the same consequence.
Look what you eat! Fructose is made in factories from starch processed with black mold .
It is all that fructose that makes Americans swell up. Skip it. Much better to eat even red meat.
Fined and jailed for every person on insulin corporate gets 1 year jail sentence, over 100 people on insulin using their drug (insulin) confined jail time for life.
Feinrizulwur damn i should have thought about that when i was 7 years old and my immune system suddenly decided the insulin-producing beta cells in my pancreas were foreign and no longer necessary for me to live. most diabetics who are insulin dependent are that way because their genetics dictated it, not because they lived a shitty lifestyle. how bout you do some actual research about type 1 diabetes and all the other types of diabetes before you go and spout your bullshit. this people with this illness are not to blame.
Who are *they* ?
@@Feinrizulwur
That depends on which type it is. Diabetes can be either genetic or sled-inflicted. And even though I severely disagree with how people who self-inflict it act, I don't think they should die over it.
Your American money is welcome at Canadian drug stores.
Sorry, Canadian medicine are also control under the same IP as the US.. basically Canadian are paying less because the government health policy are paying.. but at the end.. those are tax money from the people... I still don't understand why Canadians are supporting US IP programs.. Insulin are just one of thousands of drugs that is over charged..
@@rabbitbobo4131 this is simply not true. Canadians pay less because of several reasons, some being that our generic supplies are dirt cheap, our rules governed by Health Canada are vastly different in spirit and theory when compared to the DoH. We're far more NHS in the way business is handled, leading to higher charges against the middlemen rather than the public. Once you're outside the bubble, the rest of the world can see how the US health care system favours only the rich. What we DO have in common is a good health plan through insurance. The care is lacking on both sides when you don't have one, but generic drug prices are independent of that.
@@anonymous8510 Your information is incorrect and misleading. I can't speak for shitty Alberta, but for everywhere else, the full amount of an insulin pump is covered every five years, as of September 1, 2008. Insulin pump supplies are covered annually up to a maximum of $2,400. In Ontario, the Trillium benefit covers anyone whose drug costs exceed their income (edit: drug costs do not have to exceed income, but rather just be above average to normal drug costs) to cover the medical costs, as does OHIP+ for anyone under 24 or over 65. And again, the pure cost of insulin is a *THIRD* the cost in Murika.
@@anonymous8510 Well you can keep your opinions if you want. I got my info from government websites so if I'm wrong, the government has just decided to blatantly lie. Maybe your information is from old defunct sources? Don't take this as an insult, but I'm going to trust what the law and health canada et al websites say, rather than an unsourced anonymous user. If you have any proof to your claims, please post them so this isn't just a nobody opinion debate between two nobodies.
@@anonymous8510 You obviously have no idea what you are talking about lol.
Just make you own for cheap. knowledge is power
Always feel free to come get insulin in Canada. It's only $35 a vial over here.
Cheapest insulin vial is 2$
And generally ranges from 3$ to 5$ in India..
Healthcare in Germany is free including insulin I guess so we can just walk up to a pharmacy, show our insurance ID and we good to go
@@maxklassen254 that price in India is without any insurance. Its like buying anything from the market/shops.
@@NotSoWise23 Yea. You can basically buy anything OTC in India.
Why is there no insulin mafia in the US? It is very cheap to make, very easy and safe to make with the proper equipment, it's sounds like a gold mine for drug dealers.
@@Smashmund not really. You cannot buy prescription drugs OTC. India has more stringent pharmacy laws than US
Sugar is ultra cheap and available. Insulin isn't.
Smells like a conspiracy.
Sugar use has absolutely nothing to do with getting Type 1 Diabetes. It does, however, have a lot to do with regulating your condition once you have it. The more carbs you eat, the more insulin you need.
Coke is cheaper than water
No one sees raw vegetables.
phantom killer087 Developing Type 1 diabetes has nothing to do with “growing fat” or eating sugar
My friend can't make inulin they can't have sugar or anything with insulin
In my town Walmart price is $27, Smiths price well over $200 per vial. I LOVE WALMART!
Very nice video, I am using Libre14 days from past one year. I bought Blucon device few weeks back and use it with my Libre sensor. It helps me alot to monitor my glucose values without scanning the sensor. Also, the Linkblucon app gives me updates how food, exercise impacts on my glucose values.
In the UK the same 3 companies monopolise the insulin market and are selling the same exact products as the US, except a vial only costs the NHS approx £15-30.
God bless the NHS.
Yeah I guess something as big as the NHS can put it’s foot down and say it’s not fair so the Companies compromise :)
Literally got my dose of novorapid and lantus a couple hours ago ♡
Similar system in Australia. Medicare & PBS (perscribed benifits scheme). But every 10 years or so we get a poly threatening to dismantle it. I suppose for a more American system.
Omar Faruk That's still expensive mate.. for what it is and how little it is and how easily it is made in mass amounts.
Man so much scumbags in the pharmacy industries
I mean its your politicians who allow this to happen. Every company will maximize profits if you give them the power to.
in all industry, broh.
No its america's politicians.
You can buy 6 vials for 10€ in Finland.
Average Boi also one of the biggest reasons why we would never cure cancer...
do you know which pharmacy companies that do this/ sell in USA
Insulin is about £30-£60 for a months supply at cost price to the NHS, if I remember correctly.
As someone who worked in retail pharmacy for nearly three years and is currently a career bioengineer in the biotech industry everything said here I'd say is 95% accurate. I am not going to invalidate people who are unable to afford insulin; however, from my time working in a pharmacy I have never once seen anyone pay out of pocket (OoP) for insulin. There have been times peoples insurance wanted to ask for prior authorization or have a renewal time period (meaning they renew the plan without telling the patient) and they paid MSRP, but were later reimbursed the money they paid. This does not mean that NO ONE continues to pay out of pocket for medicine, so I believe it does happen, I just haven't personally seen it.
For those struggling with affording insulin, I highly suggest seeing if you qualify for state insurance. State insurance is the closet thing we have in the United States that follows the principle of "affordable healthcare" (know that it is never free, even in countries that say it is). Other insurances that are similar but may have a deductible ranging 1000-4000 are United Healthcare, Aetna, Multi Plan PHCS, and Neighborhood Health plan. If you are an individual who is armed service use your tricare plan. You literally never pay a dime. For anyone 65 and older the best thing for you is Humana or Medicare. If these are still not working for you, you can go to your local pharmacy and ask for a pharmacy discount. If they say they don't that's bullshit, because again companies want the pharmacy to use their discounts. They have the ability of meeting insurance or beating insurance prices depending on the drug product; however, know that it doesn't always mean you will have the best discount. I have seen some drug products OoP costing $200 discounted to $190, so keep that in mind. The last thing I can suggest is GoodRx, as they are another discount company that can help. You may find other discounts if you search hard enough, but this is my suggestion based on my professional experience. You may even be able to find humanitarian organizations that help those who are homeless or in poverty.
For those interested in learning more, I highly suggest looking into what is a "biosimilar" and how it differs from "generic", and I suggest understanding who the European Medical Agency (EMA) and Food & Drug Administration (FDA) are, and how they differ from each other in the approval process for a biologic and medical device (as insulin comes in a vial and/or a auto-injection device). This is a big reason the USA and oversees countries have differing medicines. Similarly, look into understanding how a pharmacy and insurance company operate and develop their cost strategies. I'll be completely honest, you can't put too much blame on the biotech companies and their final prices. Keep in mind it costs on average 2-3 billion dollars to bring a biologic to market and roughly 80-90% of phase III candidates fail to commercialize. Those that do commercialize then struggle with expansion and debt, as they are spending more than they can chew in the first 20 years (how long a patent takes to expire). When they do expand they go into debt again. For example, one biotech facility can cost upwards of 100-300 million dollars to construct and validate for commercial use. Then they are spending another triple digit million figure to pay for materials, repairs, cleaning, employee salary, healthcare, and the list goes on and on. Best to those out there!
Put simply if you need insulin, you pay the extortion of health insurance to avoid the extortion of MSRP insulin. Or you die.
This video makes me mad. It makes me wonder how many people have died due to lack of insulin due to it being Expencive
A depressing amount. Some diabetics have even resorted to using dog insulin because it's cheaper.
What everyone seems to either ignore or just not know is how horrible death due to lack of insulin is. When you are deprived of insulin, your body goes into a sort of panic because the bloodsugar rises uncontrolably. Since diabetics cant make their own insulin to force the bloodsugar down it does ”the next best thing”. It makes an acid, it makes the blood sour, in an attempt to destroy the sugars and muscle tissue to get some form of nutricion. The insulin takes the glucose from the blood and into the cell, it unlocks the cell kind of like a key. When there is no key, you starve, vomit and start to hallucinate because of the acid, it destroys everything, muscle tissue, brain tissue and so much more. There is no more horrible death.
Theres that one and theres also the chance that your blood levels get so damn high that your blood thickens and it starts blocking other things in your blood, such as water, sodium, potassium, etc. It also makes your kidneys start to overwork themselves because they try to filter out the bad stuff but the sugar blocks it , which leads to organ failure and a lengthy death
One too many :(
Even among the ones not dying from the lack of it, having to pay so much for a neccassity just keeps them in poverty. It's fucked up. The least you should be able to do as the most powerful nation to ever exist in human history is provide easy access to neccassities for your citizens
I see US healthcare is working as intended.....
US healthcare got fucked when medical licensing/certification became state controlled. Before that doctors were complaining about having low salaries. And tax law during ww2 caused the issue of healthcare being provided by your job tying you to your employer. And remember. You can get a burger for 1$ but you cannot get people to undercut these cartels. Why? The market is there and there is no patent. So what could be stopping them? Do you think the FDA and laws concerning healthcare might have something to do with it? How can I get a computer for less money than that insulin? Think for a minute. The healthcare market is together with the financial market the most regulated and dysfunctional sectors in the US economy.
@@trashpanda5947 my man. Finally someone with a brain.
Ah yes. The answer is less regulation. Thus why all of the unregulated countries like the UK, Sweden and Canada have cheaper Insulin. Because they're not regulated.
@@wea1117 We are not them so thats stupid to say
@Nero Cloud So capitalism works... But only when applied to America? And the proof you have for this is... Because you feel like it? America COULD have one of the best and cheapest healthcare systems in the world. All it would take is to elect a couple of politicians to put in Universal Healthcare and then watch as companies fight to drop their price to get a share of the 300M people it's being negotiated for. Same reason everywhere else has it cheaper.
"The best healthcare system in the world" as so many Americans keeps screaming when a social medical system is suggested. Well, this is what your system creates
The people saying that the healthcare system is great are the same people that have the most delusional opinions. Most of us (Americans) know how shit it is because we avoid the hospital until we’re at our deathbed; we just can’t do anything to change it.
Politics here is like screaming at a wall and only getting a response when the wall falls (or is pushed) down. I don’t think you could find any low income or lower middle class family that doesn’t want a better healthcare system; it’s just that the people who can afford outrageous prices are the ones with the most power.
I can relate to this because half my family has diabetes and they got it genetically
Obvious collusion between supposed competitors, a refusal to regulate life saving drug prices, and the unquestionable importance of profit over human life.
that is undeniably the way of life in the US.
When multiple companies, gangs or government entities agree to fix the price of goods, it's called a cartel.
All they have to do is call the CEO's of the other companies, say "Hey, I wanna buy a new private yacht, mind raising the price of x drug a few hundred dollars so it seems like it's becoming harder to make" and bam, millions more in all of their pockets.
It's a Cartel.
This is What happen when we go Full capitalism , in India the vial of insulin Costs around 2$ my family members are diabetic and I know what role insulin plays in their daily lives.
its not the same insulin, you can also get a vial of insulin in america for much less then 285, it just more drawbacks
Some cost more than others but nowhere near as expensive the US. And in India a lot of anti biotics are free. All Anti tuberculosis drugs are also free. So are certain anti parasitics. You can get Anti HIV drugs for a fraction . All pre natal care is free. Profits are one thing but not at the lives of others.
How is this full capitalism when laws and regulations are preventing competition? Don’t you think there are professionals and entrepreneurs who care or who are diabetics themselves who are well able to figure out a way to produce affordable insulin? I believe regulations are disallowing competition. If full capitalism were at play here, insulin would be affordable enough that insurance wouldn’t even be a factor. Full capitalism would allow any competitor to enter the market; but in our case, regulations are facilitating monopolies. I’m even willing to believe that the current paradigms regarding insulin production and delivery are factors impacting the high prices, but I am even more convinced that unrestricted American ingenuity would quickly solve those problems.
@@harish9990 "Profits are one thing but not at the lives of others" well said
Americans call asian countries as shitty third world countries. Atleast these countries care enough that they value a person's life more than money..... Watch and learn
What insurance also doesn’t understand is there is a difference between insulin lispro and insulin apart. And they don’t understand if you cant take certain kinds for insulin in pumps or in general. Insurance companies are now created a formulated drug system where if you cant have there formulary drug, they give you the option to get the only one you can take but pay 100% of the costs.
For monitoring diabetes, I use Freestyle Libre sensor with BluCon NightRider and able to get glucose values on my watch without the phone and without scanning the sensor.
It is quite cheap in India
around $2 here.
The value can vary a little depending in the company but it is minimal.
India has its own generic medicine stores too.
AndhBhakt
@@J__C_ how the hell is he an andhbhakt
Poland also have cheap insulin, the cheapest option is about 1,5$
2$ insulin is crazy expensive, too much greed. Needs to be 1$.
That is because in India the companies can compete as the patent is expired.
$250 for insulin? Dude that thing is $2 in India.
Money chuggers!!
Manik Yadav mental illness is something in the US , you didn’t know that
@@samirsalim8495 what?
Manik Yadav it's spurring innovation, there is something called the open insulin project being started.. I hope they are successful and I can make my own insulin in my home
Manik Yadav $2 is alot in india. Still much cheaper than the USA though.
@@lefthanded5473 Nope, it's still reasonable. And for people who still can't afford their medical bills, we have "National Health Protection Scheme", it's dirt cheap after this scheme. Under this scheme, child delivery cost was ₹35($0.5). The first baby born under this scheme was named Karishma(Miracle).
Using google, a site says a typical vial of insulin that will last a diabetic about 10 days cost $300 in the U.S while the exact same kind of insulin in Canada is $30. That is 10x less which makes this even sadder
Last I went to istanbul turkey and I forget my insulin realized when I bordered the plane ✈️ when I landed istanbul went straight to pharmacy bought one box basaglar for only $30 when it coast me in the USA for &357 dollars
It’s rib off here in the states
So that's this freedom in the US everyone talks about, huh?
Totally agree. If capitalism doesn't work for such an vital sector it means that on the long run it will fail everything important among its supposed benefits. USA needs socialism, which means freedom and wealth not at any other people's expenses.
@House Stark regulated capitalism to block wealthy people to abuse the poor = democratic socialism.
Edit: btw in China they don't starve. Actually they even have a better health care for the common folk comparing to the US.
@House Stark better regulated? The prices are too high because it is too regulated. No new competitors can enter the market.
@House Stark I am not ideological: I don't care if in a democratic socialism there is still space for free market. The important thing is that the citizens receive from the community the basic, human means of survival. And not "free": even if they can't pay there are other ways to give back to the community.
For the Trump part: no president of any respectful democracy should decide alone matters of public safety, like healthcare. They must listen to the experts and to the people. In this way I would trust the system better than now, even with the same orange man. Oh and by the way, I strongly doubt that Mr. Smallhands would have been elected in a state where politics is free from the influence of big corporations, foreign powers etc. etc. like it is in a social democracy. And it works in so many country without any problems, therefore I really can't see the problem.
@House Stark can't have inequality if money doesn't exist ;)
It’s because it’s _Supreme_
nice, a new, even kind of creative comment, good job!
Omfg 😂😂😂
Someone might need crack. Answer is hasan minaj
GET HYPE
Supreme branded Insulin
In Ireland, after you’re discharged with a small price afterwards, you get signed up for the LTI (long term illness) card which is a system that let’s you get all of your supplies for free with a prescription from your doctor. Usually after being discharged, you don’t the card yet so you have to pay, and for all of my supplies they were only €20. America is broken with their healthcare system.
"You don't have enough of a fricken liquid, that your life depends upon?"
Classic...! 😂😂
..... *Listen* ......
_Modern medicine has no treatment for many disorders._ .........What's worse, all drugs like heart disease drugs cause bipolar disorder and depression......... If anyone, or their family, have any disease and have tried medication and still not cured completely, _feel free to contact me._ ........
You would be treated with nutrition, supplements and minor changes in life style.........
Also you would be *completely free of the disease* in some time, ending all medication. .....
Try it.......
The Swedish health care system does a lot better. I am a Sudanese PhD student in Sweden who gets insulin, blood sugar testing kits and pretty much everything I need to live a healthy life for free. Paying taxes and getting something in return is so gratifying.
@@wheremyshekelsat1430 Wtf?!
WhereMyShekelsAt ??? Racist American 😂 “Health care shouldn’t be a right!!!!!”
While here in america whe just spend everything on military its bullshit!!!!!!! We hate this😠😠😠😠
@@communistdog1180 well america got to spread freedom in oil country's with their army right?
@@splie25 lol. "Freedom" in Oil Countries. We often joke around in restaurants to not put too much oil into dishes lest the US Military shows up.
In England you get medications free! Just do this:
Move to England
Pay taxes
Go to your doctor
The doctor prescribes you insulin
You go to a major shop, Tesco or Asda
And you just get free insulin!
@whattamalawn *cough literally dying from not being able to afford insulin*
@whattamalawn lol did I say you are American? if you are Canadian you don't have to pay for healthcare but you do for ambulances...
@whattamalawn it's actually a good thing... Brexit allows me to watch and create memes...
Go back to America
You still have $
Repeat....
"england"
I’ve checked the price for Fiasp (ultra fast acting insulin) in the US without insurance. Seems it’s between $350 to $650 for ONE 10 ml vial. I use one vial of Fiasp over 2 to 3 weeks.
I live in Denmark and the price for it, without insurance, is 222 Danish Kroner. With current exchange rate, that’s around $29.70.
The price has actually gone down by 30 DKK (~$4) recently, because the medicine board chose to restrict insurance to it, due to it getting too expensive. Prices kept creeping up. The restriction came because the benefit is minor to most people compared to the most common fast acting insulin, which is significantly less expensive. Fiasp is only used for people who have a difficult time controlling blood sugar spikes after meals, and for those people, insurance will still cover it.
I pay, with insurance, around ~$250/year for my insulin.
tell me, please, if a tourist in Denmark runs out of insulin, will he be able to buy it at the same price as you wrote? 4$?
@@ezhwt8fq No, not $4. I said the price has gone down by $4. The current price for Fiasp (10 mL vial) is 208.25 DKK which is $30.20. Fiasp is one of the more expensive types.
You can get a 10 mL vial of NovoRapid (or NovoLog for Americans) for 174.95 DKK (~$25.37). This is the most common insulin that type 1 diabetics use.
If you have a valid prescription, you can get the insulin for those prices as a tourist.
@@Lemonz1989 thanks a lot for the explanation. These are very good and affordable prices
@@ezhwt8fq You’re welcome ☺️
Yes, I’m fortunate to have access to such cheap insulin 😊
In Canada it costs about $7 a month for insulin, that's about a half hour of min wage work.
We live in Bangalore India. I just now paid the equivalent of $650 for 1 whole year of insulin for my dad!!!! In the cool RYZODEG insulin pens, too, not just vials !! That is right, SIX HUNDRED FIFTY DOLLARS FOR ONE WHOLE YEAR OF TOP NOTCH INSULIN. There is something absolutely broken with US Healthcare when this kid in this video is paying as much for 1 month as we are paying for 1 year (we got 25 pens for this price). Thanks for the piece. Shocking !!!
Yep, my mother has recently started taking insulin. And the pen costs 800 rupees in Pakistan, that like $6.
You have to thx the Indian government for this. US has no pattern rights to any drugs in India, meaning that if they sell any higher they will have competition.. what you are paying are the actual price of a competitive market.. This is also the reason US are attacking the India Currency so much.. they are tring to financial punish India to obey US rules..
The dumb thing about U.S medical industry is that prices aren't regulated but production heavily is, you essentially have an entire market made up of just a few giants who make ridicioulus profits because other people's lives depend on it, if you're gonna regulate the industry so hard but not the prices all you are doing is making a huge monopolistic market that smaller companies can't get into because of huge cash barriers.
Small companies can't make it drug industry unless only with generic production. It is right for big company to charge the amounted cost because of the all the wasted investment that the company will go through. If you learn about pharmaceutical, you will know how time and money consuming black hole it is. Only a big rich company can carry out research new drug development without going bankrupt and It is the government responsibility to pay for the cost of the resulting products.
@@winw4548 but in this case... insulin isnt a new drug, as the video here discussed insulin has been on the market for a long time and has a cheap production cost. Sure, many new designs have innovated from the original, but do they really justify a price increase of over 200$? Keep in mind this isnt a one time purchase, and is required by
many to live. The research cost has already been recouped a long time ago
@@lordofthepies Insulin been here a long time but not the same insulin. Each insulin are being researched on, need clinical trial, post marketing studies and etc. We are not using the same original insulin and it is not the same. For better understanding, Insulin is similar to electricity. Electricity was discovered so long ago but the different means of producing it are being researched and updated similar to new insulin. Even as of now we are still waiting for patent expiry of some insulin so that there will be generics coming into markets. It is expensive and it would be nice if it is cheaper but for us the cost are covered by government not the company. Production cost are very expensive.
@@bosstowndynamics5488 Each pen is an own design and patented so you can't copy. It is one of the factor but the main the nature of the insulin itself.Ie; origin of it, onset of action, peak action and duration of action which varies by type of insulin and these are the factors taken into account when considering a insulin regime. New insulin= new regime=new possible combinations. For layman it maybe the same but for us it is not because these factors of each of the insulin are what we use to decide which insulin is ideal for each patient.
@@bosstowndynamics5488 1. Older one assuming you are referring rapid/intermittent/premix consider you basic insulin and what makes it expensive are the regulations. Insulin are what we call as a biological drugs means it is produce by biological reaction from bacteria/yeast usually so these reactions are not always reliable as you chemically produced drugs. To ensure the safety and efficacy the regulations are stricter on these product and plus it is an injection. Newer insulin do have bearing in these because it is being used widely such as insulin glargine/lanctus which is going to be out of its patent soon. That being said end patent does not mean it will be cheaper it just that other company can copy it.
As a fellow diabetic I would like to make a statement. Eating too much surger does not cause Type 1 Diabetes.
I think it would be great if the Business insider can link to the source that you guys used to make the content for further reading.
Well here in Pakistan, it is around $1.50. I can’t believe what diabetic people in USA go through...
It can't be. The drugstore I go to sells 1 injection at 45 PKR almost 0.30USD (Islamabad)
Fahad Shahid Really? You sure?
@@6409hamza positive
Hamza they've worked out that a large number of black americans are diabetic compared to the caucasian ones . with a monopoly to keep the door shut and you cater to a secure middle class Gori people.capitalism and racism work in hand , always.
Hamza Iftikhar lol everything is pakistan is so cheap cause it's not a capitalist country
We order ours from overseas. The shipping is free and it costs $30!
Why is insulin so expensive? Because the consumer has to make up for all the money pharma pays in rebates to docs and hospitals, rebates and discounts to pharmacy retailers and huge campaign donations and lavish vacations to politicians. These monthly rebates are in the billions overall per MONTH!!!!!
Here in Indonesia we have a plant called Sulin Leafs, and Pare that could exchange insulin, so we have no worries about Diabetes.
When my family was on our way to Mexico this year, I had left my insulin in a hotel room- a very expensive loss. Luckily, I was able to buy the exact same amount, but for way less- I think we only spent $10 on four insulin pens, might have been more but it was definitely cheaper in Mexico.
When you are in such pain and distressed,,,,,, why the hell you keep injecting yourself with chemicals ?
Why don't you cure yourself the right way......
..... *Listen* ......
_Modern medicine has no treatment for many disorders._ .........What's worse, all drugs like heart disease drugs cause bipolar disorder and depression......... If anyone, or their family, have any disease and have tried medication and still not cured completely, _feel free to contact me._ ........
You would be treated with nutrition, supplements and minor changes in life style......... What's best its not even expensive........
Also you would be *completely free of the disease* in some time, ending all medication. .....
Do yourself a favor and try it.......
Ironic.
Why is there no insulin mafia in the US? It is very cheap to make, very easy and safe to make with the proper equipment, it's sounds like a gold mine for drug dealers.
@@hollowman9410 google how insulin is made and answer your own question. it is not very easy to make.
So insulin is free in the U.K. for patients as all diabetics are entitled to free prescriptions. The same companies that hold American diabetics at ransom only cost the NHS around £30 for 5 cartridges of insulin. As the only market for insulin is through the NHS the prices are kept low, the NHS can always say no to the drug companies if they’re too expensive.
Well the NHS has access to a much larger market.
They can import insulin to help lower prices.
But it is not really free, you pay it by your taxes, reeeeeeeeee!
The uk isnt funding new advanced medical research on the scale the US is. We are footing the bill so one day you will have a cure to cancer
@@pluto8404 Insulin was a Canadian invention, but good try.
@@husiyuan930517 this is not the same insulin. You dont have/derserve privilege to someone elses invention. Pay the toll.
Here in the Philippines, you could buy insulin for about 10$ per vial
One issue is transparency. The producers don't have to disclose how much it costs to produce and how they determine their prices. It's ridiculous.
easy, dont live in the US
Exactly we dont want the weak here
@@samuelmccarter4659 so you dont want 99% of your current population? Sheesh
Come bangladesh it's only 5 dollars here
@@samuelmccarter4659 as much as I like living here, you're not weak for wanting to survive without a mortgage for the privilege of basic metabolism.
Start buying it from Canada. I have several patients who get it delivered for cheaper.
Eye for an Eye how ???
Please tell us how, or clues
Or from india. Insulin is dead cheap here. You could become a illegal dealer or something, ship insulin from here and sell it in the us
Lmao as a US diabetic, there are "black" markets on facebook where many ppl who live near Canadian border buy loads of it and sell cheaply/trade for other diabetic supplies. It's come in handy during desperate times, like job transition period.
Insulin injections are not cure.... Its just hiding the truth.....
..... *Listen* ......
_Modern medicine has no treatment for many disorders._ .........What's worse, all drugs like heart disease drugs cause bipolar disorder and depression......... If anyone, or their family, have any disease and have tried medication and still not cured completely, _feel free to contact me._ ........
You would be treated with nutrition, supplements and minor changes in life style.........
Also you would be *completely free of the disease* in some time, ending all medication. .....
Try it.......
That's insane, this costs around US$ 8 in Brazil
Its a strategy used by big companies they get together and discuss that since they have the Monopoly they together can agree to raise the price on specific goods so "Competition" can be Controlled. What Irony that under the assumptions that company always engage in competition with one another will Drive the prices Down but turns out since they a few people who has the power can Band together and Control the Market.
In Malaysia Insulin is lest then RM10(thats less then $2.50 us)
In india one insulin vial cost just 2.5 $.....🤯🤯🤯
Chal bey AndhBhakt
@@J__C_ chal be biden chatu
@@surajpanditexe cringe trumpie
@@J__C_ no only yogi
@@surajpanditexe do u even know what yogi does. He's destroying the nation, the very fundamental fabric of tolerance which binds our nation together. He's like a hindu aurangzeb,
It’s only expensive in the US and you can thank the government for that, you’ll probably find that members of Congress have financial interests in the companies involved and that’s why they keep the prices high. The rest of the world isn’t affected by this problem it’s unique to the US.
I learned from the UA-camr Dr. Mike sometimes an insurance company will cover a medication but won’t cover a specific form of it like the only covered the tablet but not the pill even though they’re the exact same medication in the exact same dose so if you have to get a medication that’s not covered by your insurance why is that your fault and why do you get punished
Ya I take a medication that comes in 2 different forms and certain insurances will not pay for one of those.
In India we terribly lack in research facilities and our education minister is a buffoon but I work in a govt hospital and diabetic medication is freely supplied....but seriously one starbucks venti has more sugar than we normally have in a month....so maybe control there
If you work in a government hospital then you should know that insulin dependent diabetics (i.e. type 1 diabetics) don't have an issue with too much sugar in their diet (or much of any), it's about the pancreas not functioning.
Valli Weidemann That sounds good, but (I think you might agree) “government hospital” doesn’t instill great confidence in many people.
@@DelbertTritsch Nothing american instills any amount of trustworthiness, ever. And that's their actual problem.
RandomGuyDoes My comment was based on the idea that bigger government isn’t better. I feel that way regardless of the country. And I assume you meant to only insult the USA, but we’re not the only country in North and South America.
@@ValliW working in a hospital is not the same as being a doctor. It takes a lot of people of many professions to run such a place..
Because consumers dont kill enough business leaders.
It's getting there. When the very life becomes product, a refund for a destroyed life is paid by life.
^
Violence isn't the answer. Grass-roots voter education on these issues is the way forward.
@@jessstuart7495It's the answer to a question
We pay taxes in the UK to cover our NHS. As a diabetic we get everything without being charged including testing strips, monitors, lancets and insulin pens. We also get annual reviews to see how we are managing our diabetes. As one myself I receive eye tests for retinopathy.
Because what people depend on becomes expensive according to gov, while if they would not be depenedant - price of it would drop like meteorite
This is not capitalism. In capitalism, you allow endless competition which bring price down. This is not the case here. Right now, USA does not allow importing foreign medications. There are so many regulations from "Good Manufacturing practices", it is hard for new company to get into the market. Allow imports of foreign drugs and loosen regulations, see how long high price lasts with increase of competitions.
You guys sound the same as the "nobody ever done *true* communism" crowd. Every time a country tries full capitalism this happens. A company ends up with a monopoly or oligopoly because they have a superior process/product, then rather than continuing to innovate to fend off startups, they put up road blocks. They use their power to get laws past that violate free market principles(ex. health industry), lock-in customers to their product(ex. Microsoft, IMB, Intel... long list of current examples as this method is fully legal), or bully startups(direct or via supplies).
The logical conclusion to capitalism is monopoly. It is the same fundamental flaw as communism; when people get too much power, they start changing the rules to keep(or expand) their power while doing less to earn it. Not saying I have an answer to the problem, but I think it is about time we stop pretending simple, idealized systems can handle the nuance of human society while being robust enough to withstand people trying to tear it down for their own benefit.
Thanks someone who isn't stupid
@@amirabudubai2279 that's not what he was saying. He doesn't want full capitalism, just less regulations.
The government always serves the ruling economic class, because whether its set up initially or not, their wealth inevitably buys the government. Thus we can say inherent to capitalism is government enforced monopoly, because the only way to prevent it is avoiding having a ruling economic class altogether.
So why does the UK, Canada, Sweden and many other highly regulated countries have lower prices?
Insulin for my dog in Ireland is €8 per small vial.
I was diagnosed with type 2 diabetes, they measured 43 in hospitals.I refused insulin, and started eating once a day for 45 days.Blood sugar dropped to 5-7.This is regulated by proper nutrition,Heals the cause not the symptom.To comfort those who can’t buy it, I wouldn’t take it for free
I’m type 1 and this actually made me cry because I know that if we didn’t have a health plan I should just Kms because I ain’t trying to make my mom and dad spend so much money for me being alive
Walmart insulin is 25 a bottle it's old school formula. But if you run out it's a option. Just talk to your doctor first about. I am a type 2 just found out a year ago. I couldn't pay 500 for insulin did my research and found out about Walmart. The one I get is close to the new formulas but doesn't last long. Only 4-5 hours plus you need to inject yourself about 30 minutes before a meal. But it still works damn good.
..... *Listen* ......
_Modern medicine has no treatment for many disorders._ .........What's worse, all drugs like heart disease drugs cause bipolar disorder and depression......... If anyone, or their family, have any disease and have tried medication and still not cured completely, _feel free to contact me._ ........
You would be treated with nutrition, supplements and minor changes in life style.........
Also you would be *completely free of the disease* in some time, ending all medication. .....
Try it.......
You can actually get insulin overseas