Skyrocket of Insulin

Uggggggh.......

The cost of insulin...... has drawn national scrutiny as Congress examines factors contributing to the nation’s escalating prescription drug prices. All people with Type 1 and some with Type 2 diabetes need the drug, but regular price hikes make insulin difficult to afford for the uninsured and those whose coverage requires significant cost sharing.

The price of modern versions of a drug that more than 7 million Americans need to live nearly tripled from 2002 to 2013, according to one study. Type 1 diabetics paid an average of $5,705 for insulin in 2016 – nearly double what they paid in 2012, according to the Health Care Cost Institute.

(https://www.usatoday.com/in-depth/news/50-states/2019/03/21/diabetes-insulin-costs-diabetics-drug-prices-increase/3196757002/)


I know next-to-nothing about how insulin is artificially manufactured.  However, I find it extremely hard to believe that production costs have doubled between 2012 and 2016.  That said, why has the average cost doubled during that time?

If this is greed and/or price-gouging, it's disgusting.  Lives are at stake.


Grace & Peace & Love to you all -

Matt


p.s. Found an article talking about the cost of insulin production;  no idea whether these figures are valid or skewed:
https://www.diabetesdaily.com/blog/how-much-does-it-cost-to-produce-insulin-591892/