Hey You Guys,
Can you believe that the markup on glucose test strips is roughly 900%?!
That’s what I’ve learned from LA Times columnist David Lazarus, who wrote a Guest Post on DiabetesMine.com today: http://www.diabetesmine.com/2009/06/a-year-and-a-half-with-the-diabetes-monster.html
When queried on the number, he tells me “That figure was from a column I wrote on the subject a year or so ago. Looks like it costs 10 cents or so to produce each strip. So at a retail price of $1, you have one of the biggest markups in the business world – especially for a product whose R&D costs were covered long ago.”