Pres. Trump got ball rolling on insulin cap, but Pres. Biden organized enough to bring it home?

[Multicolored Lemur]

Colorado Caps Insulin Co-Pays At $100 For Insured Residents​

May 2019 —

“ . . Colorado will soon have some relief.

“A new law, signed by Gov. Jared Polis earlier this week, caps co-payments of the lifesaving medication at $100 a month for insured patients, regardless of the supply they require. Insurance companies will have to absorb the balance. . ”

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I think President Trump may have “jaw-boned” corporate executives. And that does help. It pushes executives to changes policies and practices which they know are unpopular with the general public.

And the price would go down to $35 a month for seniors on Medicare and now many people on insurance.

 

[Multicolored Lemur]

Colorado Caps Insulin Co-Pays At $100 For Insured Residents​

May 2019 —

“ . . the price of a milliliter of insulin rose from $4.34 in 2002 to $12.92 in 2013. . “

How could the free enterprise system and a competitive market work so poorly ? ! ?

Most likely, because it wasn’t!

Probably some corporate oligopoly-type situation in which a handful of companies are “competing.”

I’m guessing every time there’s a mini-advance like a spring-loaded syringe, they jack up the price for this increase of “quality.” For what really should be a commodity item with commodity pricing.

 

[AgnosticBoy]

How could the free enterprise system and a competitive market work so poorly ? ! ?

What I want to know is what are the main driving factors for the cost of drugs in the US being much more expensive than in other places. It's getting to a point where some governors are making deals with other countries to import their drugs just to get cheaper prices.

TALLAHASSEE, Fla. — Today, the DeSantis administration received U.S. Food and Drug Administration (FDA) approval of its Canadian Prescription Drug Importation Program. The Agency for Health Care Administration (AHCA) submitted this first-of-its-kind plan to safely import cheaper drugs from Canada to the FDA nearly 37 months ago, and after filing a lawsuit against the FDA due to delays, has finally received approval. This approval will save Florida up to $180 million in the first year.

“After years of federal bureaucrats dragging their feet, Florida will now be able to import low-cost, life-saving prescription drugs,” said Governor Ron DeSantis. “It’s about time that the FDA put patients over politics and the interests of Floridians over Big Pharma.”

Source: https://www.flgov.com/2024/01/05/fl...ian-drug-importation-program-approved-by-fda/

Probably some corporate oligopoly-type situation

Yes, "big pharma"... and it comes down to profits and wanting to control the market. Sickening to say the least.