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submitted 10 months ago by MicroWave@lemmy.world to c/news@lemmy.world

“This was an unexpected victory in a long fight against an illegal cartel of three corporations who have raised their insulin prices in lockstep.”

The Biden Administration pleasantly stunned health care reform advocates Tuesday by including short-acting insulin in its list of 10 drugs for which Medicare will negotiate lower prices, power vested in the White House by the Inflation Reduction Act.

The IRA was passed in the face of one of the heftiest barrages of lobbying in congressional history, with the pharmaceutical industry spending more than $700 million over 2021 and 2022 — several times more than the second- and third-ranking industries — much of it aimed at stopping the legislation, watering it down, or undermining its implementation.

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[-] MicroWave@lemmy.world 130 points 10 months ago* (last edited 10 months ago)

Here’s some good news about that with California making its own insulins:

The state-label insulins will cost no more than $30 per 10 milliliter vial, and no more than $55 for a box of five pre-filled pen cartridges — for both insured and uninsured patients. The medicines will be available nationwide, the governor's office said.

https://www.npr.org/2023/03/19/1164572757/california-contract-cheap-insulin-calrx

[-] FlyingSquid@lemmy.world 29 points 10 months ago

That is really great news. Thanks!

[-] PickTheStick@ttrpg.network 17 points 10 months ago

I wish the process would be repeated by the federal government, for every similar drug that could be produced with their patent's expiration.

this post was submitted on 30 Aug 2023
1256 points (99.6% liked)

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