General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI_UndergroundPanther
(12,450 posts)Of modern day insulin
said if pharmaceutical companies wanted to use his patent to make insulin they could charge no more than 8 bucks a vial.
Patent ran out now its 300 bucks.
onecaliberal
(32,471 posts)Im sick of Congress getting the blame. Its not both sides. Every bad thing is because of republicans.
betsuni
(25,122 posts)The myth that all dysfunction in politics is because of money making both sides corrupt.
Hoyt
(54,770 posts)Still not ideal for many people.
Really wish Sanders wouild find better research staff.
Uncle Joe
(58,107 posts)pay for Humalog, on average?
progressoid
(49,824 posts)from you (and your co-workers) via premiums, or via the taxpayer via medicaid/care.
Pretty good deal for them.
Hoyt
(54,770 posts)progressoid
(49,824 posts)But it's no secret that they are gouging the American consumer.
- The three insulin companies have engaged in strategies to maintain monopoly pricing and defend against competition from biosimilars. These strategies include manipulating the patent system and marketing exclusivities granted by the Food and Drug Administration (FDA), pursuing tactics to switch patients to new formulations of their products before losing exclusivity, and engaging in shadow pricingraising prices in lockstep with competitorswhich keeps prices high.
https://oversight.house.gov/news/press-releases/chairwoman-maloney-releases-comprehensive-staff-report-culminating-the-committee
Etc etc etc
Hoyt
(54,770 posts)Look, Im for controlling drug prices, even to the point it starts impacting innovation.
But we are talking about misinformation on insulin. Dont think misinformation helps us solve problems.
progressoid
(49,824 posts)Even GoodRX sees it. It's easy money.
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Hoyt
(54,770 posts)progressoid
(49,824 posts)Humalog 50/50 vial (10 mL; 100 iU/mL) $390.23 per vial
Humulin 70/30 vial (10 mL; 100 iU/mL) $182.18 per vial
Dec 2021 https://www.talktomira.com/post/how-much-does-insulin-cost-with-and-without-insurance
Hoyt
(54,770 posts)Also check GoodRX.
progressoid
(49,824 posts)It's nice that our government can afford to pay them tons of $ to vaccinate us. Not so good for the rest of the world though.
These companies have sold the majority of doses to rich countries, leaving low-income countries out in the cold. Pfizer and BioNTech have delivered less than one percent of their total vaccine supplies to low-income countries, while Moderna has delivered just 0.2 percent. Meanwhile 98 percent of people in low income countries have not been fully vaccinated.
Granted this is from last November but many countries are still struggling to get even above 10% vaccinated.
Response to Uncle Joe (Reply #4)
progressoid This message was self-deleted by its author.
IbogaProject
(2,692 posts)Insulin used to be able to be brought without a prescription after a quick double check with the pharmacist, now insulin is prescription only and the script has to be from the last 6 months for insurance reimbursement. These frictions didn't used to exist. The recent governor put in place an expensive and cumbersome online prescription system for everything. That platform is only used for controlled substances anywhere else it makes it so I can't get a paper script to carry with me in NYC, heaven forbid they just made it so hard drugs can't be done via paper, but no my life saving medicine is hostage at a national chain, as I can't risk having it at a much nicer local place.
KS Toronado
(16,900 posts)Thanks for posting his tweets Uncle Joe
BigmanPigman
(51,430 posts)I know this, you know this, Bernie knows this but the majority of Americans do not and therefore they will continue to vote for asses in the GQP Congress who will do them more harm than good.
TheBlackAdder
(28,070 posts)former9thward
(31,798 posts)The 24% marginal rate does not even begin until $86,000. To have an average of a 24% rate you would have to be making around $250,000 a year. Is Bernie stating nurses make 250k a year? And where did Bernie get the private tax return information for the "25 richest people in the United States". The IRS does not release that info. Did someone illegally leak it to him?
Uncle Joe
(58,107 posts)ProPublica Estimates that Richest 25 Individuals Pay 3.4% Tax Rate
Okay, we knew that before...but now it's backed up by 15+ years' worth of IRS tax return data from thousands of America's wealthiest individuals, made public yesterday by investigative journalism outlet ProPublica.
ProPublica estimates that America's richest 25 people paid a cumulative $13.6 billion in income taxes between 2014 and 2018, a span during which their collective wealth increased $400+ billion, for a "true tax rate" that was just 3.4%. Paying the lowest rates were Warren Buffett (0.1%), Jeff Bezos (0.98%), Michael Bloomberg (1.3%), and Elon Musk (3.27%).
Reminder: Most billionaires' wealth comes from assets like stock and property. Those gains aren't taxed until they are sold.
Big picture: Compared to the broader population, billionaires' tax bills have not kept pace with their growing bank accounts. For every $100 gained, Bezos paid just $1.09 while the typical US household paid $160.
(snip)
https://www.morningbrew.com/daily/stories/2021/06/08/propublica-estimates-richest-25-individuals-pay-34-tax-rate
betsuni
(25,122 posts)Congress won't "take on" Big Pharma (both sides) (still don't know what "take on" means)
"Corrupt political system" (both sides)
Billionaires (no billionaires are progressive, all campaign donations to Democrats are corrupting, both sides)
Oligarchy (how is the U.S. an oligarchy?)
Repeat "billionaire" (bad, millionaires okay)
"Radical" as if Democrats aren't the party of of taxing the rich (not a radical idea any more than universal health care and all the other progressive Democratic policies are)