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Not sure I agree with this. I don't think that the government has a place in setting prices for products. As they say, the devil is in the details. This only applies to insured individuals. If you're unable to afford insurance, you're still stuck paying full cost. https://www.dailymail.co.uk/news/art...ider-bill.html
"The bill would not help the uninsured".
Not sure I agree with this. I don't think that the government has a place in setting prices for products. As they say, the devil is in the details. This only applies to insured individuals. If you're unable to afford insurance, you're still stuck paying full cost. https://www.dailymail.co.uk/news/art...ider-bill.html
"The bill would not help the uninsured".
Or rather than taking insulin, people could just follow this doctor's advice.
Big pharma is often not your friend. If Covid didn't show people that, I don't know what will.
Kudos to the people who do follow their doctor's advice and exercise and follow a proper diet. It's sad that so many others would rather just take a pill, or in this case a shot, because it's easier, no matter what the malady is.
New York Times article:
The bill would have substantial benefits for many of the nearly 30 million Americans who live with diabetes. Insulin, a lifesaving drug that is typically taken daily, has grown increasingly expensive in recent years, and many diabetes patients ration their medicines or discontinue them because of the cost. About one in five Americans who take insulin would save money under the proposal, according to a recent analysis from the Kaiser Family Foundation.
Quote:
It was against this backdrop that the bill reached the House floor yesterday, and it passed 232 to 193, with 12 Republicans joining a unanimous Democratic conference in advancing the legislation.
While some of you have a problem with the source, it really doesn't matter because the subject is an easily verifiable thing:
There's been more and more price gouging and collusion by corporations these days despite laws against collusion. After doing 10 minutes of research I can't see a reason to oppose this bill either.
The person who discovered insulin never even wanted to profit off it. It looks like it's so expensive for the same reason baby formula is... baby formula gets subsidized by government welfare, and insulin gets subsidized by insurance companies covering the costs, and a person with diabetes can't just go without it... it's a must have. The makers of insulin have been conveniently raising the prices are nearly the same rate, far above the rate of inflation. I would support this legislation. The free market doesn't always work smoothly as theorized by some.
I suppose more makers of insulin could begin production to compete, but I'd expect there's hurdles of bureaucracy and red tape to get through for that to even happen. Admittedly my 10 minutes of research probably isn't enough to go and wave my flag in staunch support assuming i know everything about the situation though. Still there's obvious price fixing going on.
I don’t know much about it but this could be a reason.
“The average annual cost to comply with the measure would be $2 billion and would exceed the private-sector threshold for unfunded mandates, according to Congressional Budget Office estimates. The CBO said it would cost roughly $6.6 billion in total to implement the legislation, which would take effect in 2023.“
ETA. People who are in favor of non covering Covid costs for the unvaccinated should be against this bill unless it only benefits those who do not contract diabetes because of lifestyle choices.
Two words that give me reason to be against this: Price Controls.
Let me know how the other big example of price controls - rent control - worked out. Rent control is the only thing that is just about unanimously considered a total failure.
Fedgov has neither the ability, authority nor the responsibility to provide for every necessity of life. And given their $30T in accumulated deficits, they would be the last entity I trust with life's necessities.
Read the details. Why doesn't this include people who don't have insurance?
This is another Obamacare disaster waiting to happen.
Premiums will go up. Literally nothing in this bill makes it cheaper to manufacture or distribute insulin or increase competition anywhere in the value chain.
And, of course, as you said, it accomplishes nothing for the uninsured. It's rare for an insured person to end up bankrupt over medical bills.
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H.R.6833 - Affordable Insulin Now Act
