So, Two articles posted by @Tim35 really got me thinking the other day and I haven’t really been able to stop.
‘Price of insulin’ article said that, in my lifetime, the price of insulin had increased 700%. There are three main companies that manufacture insulin. That causes concerns if there’s a hurricane that wipes out one of the plants - like what happened recently with IV bag supplies. Also, how could this be addressed? We know that people ration their insulin because of this and it causes lots of suffering and financial hardship. I always thought this might be better addressed by medicaid/medicare. But, no dice.
1.) I thought that we could all strike and refuse to pay increased price for insulin and only use the $20 Walmart brand unless they lowered prices.
2.) I asked an engineer who thought that it might take 5 Million dollars to start exploring insulin manufacturing techniques that might enable us to set up a small manufacturer. That doesn’t seem like that much. My state’s DMV computer system cost well in excess of that. That’s not really very much money.
Question: Why does insulin cost the same no matter where you buy it? I bought it in China and France and both times expected to pay less than in America. I paid the same. How much does it cost in Canada?