Why are Republicans trying to stop Democrats from capping the monthly cost of insulin at $35.00?
I don’t get it. How can people complain about gas prices and not give any attention to this outright immoral price gouging?!
Of course, it passed the House of Representatives thanks to every single Democrat and in spite of almost every single Republican.
It cost $70.00 to make an annual supply of insulin. Despite only costing $70.00 to produce, the price of insulin has gone from $2900.00 in 2012 to $5600 in 2016 to $12000.00 in 2022. In that same time period, the cost to produce insulin has decreased by 40% and a $12000.00 sales price. That is a 17000% mark up.
While the recent house bill to lower insulin to $35.00 helps most Americans, it only covers those who already have health insurance. So if you’re one of the millions of Americans who need insulin to live and don’t have health insurance, you’re out of luck.
Even at a 300% markup, insulin would only cost 2 billion to provide to every single American who needs it. If the US can afford an 813 Billion military budget, the US can afford 2 billion for free insulin.
https://www.singlecare.com/blog/insulin-prices/
Of course, it passed the House of Representatives thanks to every single Democrat and in spite of almost every single Republican.
It cost $70.00 to make an annual supply of insulin. Despite only costing $70.00 to produce, the price of insulin has gone from $2900.00 in 2012 to $5600 in 2016 to $12000.00 in 2022. In that same time period, the cost to produce insulin has decreased by 40% and a $12000.00 sales price. That is a 17000% mark up.
While the recent house bill to lower insulin to $35.00 helps most Americans, it only covers those who already have health insurance. So if you’re one of the millions of Americans who need insulin to live and don’t have health insurance, you’re out of luck.
Even at a 300% markup, insulin would only cost 2 billion to provide to every single American who needs it. If the US can afford an 813 Billion military budget, the US can afford 2 billion for free insulin.
https://www.singlecare.com/blog/insulin-prices/
