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Thursday, March 21, 2019

The bill requires a carrier to reduce the cost sharing a covered person is required to pay for prescription insulin drugs by an amount equal to the greater of 51% of the total rebates received by the carrier per prescription insulin drug including price protection rebates or an amount that ensures cost sharing will not exceed 125% of the carrier's cost for the prescription insulin drug, subject to a maximum out-of-pocket cost of $100 per one-month supply of insulin. The bill requires the department of law to investigate the pricing of prescription insulin drugs and submit a report of its findings to the governor, the commissioner of insurance, and the judiciary committees of the senate and house of representatives.

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Democrats would do themselves a favor by attaching the word "socialism" to any such measure.

That way when the mouth breathers scream "IT'S SOCIALISM!!!!!" they are screaming it about a law that legitimately saves lives.

#1 | Posted by MrSilenceDogood at 2019-03-21 04:06 AM | Reply

The drug makers who jacked up the prices should just be carted off to prison and left there to die. Price gouging on prescription drugs should a crime that includes incarderation for a very long time.

#2 | Posted by danni at 2019-03-21 08:15 AM | Reply | Newsworthy 2

#2,

If the rise in price can be justified, Danni, no one should be carted off to prison. But if it cant be justified, then the drug should be taken off the market or generics should be created by the government.

#3 | Posted by boaz at 2019-03-21 10:52 AM | Reply

should be created by the government.

#3 | POSTED BY BOAZ

SOCIALISM¡!!!!!¡!!!!

#4 | Posted by MrSilenceDogood at 2019-03-21 11:10 AM | Reply | Newsworthy 3

"If the rise in price can be justified, Danni, no one should be carted off to prison. "

The increase in cost for Insulin cannot be justified.

#5 | Posted by danni at 2019-03-21 11:35 AM | Reply | Newsworthy 3

If the rise in price can be justified,

"Pharma companies charge $1,251 per patient per year in the U.S. for insulin, and they're able to do so because of a lack of competition, the study states. In a more competitive market, it would be possible for drug makers to produce human insulin at $48 to $71 a year per patient, and analog insulins at $78 to $133 per year per patient.

STAT: "Put another way, the study estimated the cost of production for a vial of human insulin is between $2.28 and $3.42, while the production cost for a vial of most analog insulins is between $3.69 and $6.16 ... .""

www.ptcommunity.com

Greed is the reason.

#6 | Posted by Nixon at 2019-03-21 11:49 AM | Reply

Almost a 100 year old patent that maintains its validity with incremental updates. Interesting.

#7 | Posted by sitzkrieg at 2019-03-21 11:53 AM | Reply

Exactly why universal healthcare in America is a stupid idea. The government can't even control costs. Yet so many people want them to control our healthcare. Not being able to see objectively because of selfish reasons like you want your healthcare to be free is not a solution. Look at all the facts, there is nothing available that shows us this government can run a universal healthcare system adequately. We would get it and it would be an impossible mess. They couldn't even stand up a web site adequately when there was a huge win for universal health care.

If you want free healthcare (well, free in terms you don't pay when you receive it), move to another country. And I'm not saying that like it's usually used because of opinion differences. I mean, move to another country because what you want is not possible in this country. There is ample evidence to prove that. If it changes to universal, the amount of mishandling, corruption, and abuse is going to make it just as big a nightmare as what we have today.

#8 | Posted by humtake at 2019-03-21 11:54 AM | Reply | Funny: 1

"If you want free healthcare (well, free in terms you don't pay when you receive it), move to another country. And I'm not saying that like it's usually used because of opinion differences. I mean, move to another country because what you want is not possible in this country. "

Utter nonsense.

#9 | Posted by danni at 2019-03-21 12:04 PM | Reply | Newsworthy 1

The manufacturing process was changed to a more proprietary and expensive method. Since most people don't directly pay for their drugs the market for the older cheaper made insulin dried up and now all that is available is the expensive stuff. The consequence of an over regulated market.

#10 | Posted by visitor_ at 2019-03-21 01:32 PM | Reply

If not for the high barriers to entry, grad students working in their mom's kitchen would produce insulin for pennies and totally disrupt this market.

#11 | Posted by visitor_ at 2019-03-21 01:37 PM | Reply | Funny: 1

"Exactly why universal healthcare in America is a stupid idea. The government can't even control costs."

The government can control costs.
What's happening here is We The People can't control our government.

#12 | Posted by snoofy at 2019-03-21 01:39 PM | Reply | Newsworthy 2

If not for the high barriers to entry, grad students working in their mom's kitchen would produce insulin for pennies and totally disrupt this market.

#11 | Posted by visitor_

Yeah and some of that home made insulin would kill people. Yay free market.

#13 | Posted by SpeakSoftly at 2019-03-21 01:43 PM | Reply

I mean, move to another country because what you want is not possible in this country. There is ample evidence to prove that.

#8 | Posted by humtake

That's like looking at your neighbor's green lawn and saying there's no way your lawn could ever look like that.

Just do what your neighbor is doing to his lawn, stupid.

#14 | Posted by SpeakSoftly at 2019-03-21 01:45 PM | Reply

or you could just stop eating sugar, piglet.

#15 | Posted by AuntieSocial at 2019-03-21 02:30 PM | Reply

or you could just stop eating sugar, piglet.

#15 | Posted by AuntieSocial

or we could stop subsidizing it and then everyone would eat less of it.

#16 | Posted by SpeakSoftly at 2019-03-21 02:32 PM | Reply

Just three pharmaceutical companies–Sanofi, Eli Lilly, and Novo Nordisk–manufacture insulin, and they vigorously defend their formulations against cheaper biosimilar versions. Sanofi recently brought lawsuits against both Merck and Mylan to avoid production of biosimilar versions of Lantus, its blockbuster insulin.

What's more, a recent class action lawsuit against the three manufacturers claims that each of the companies set artificially high prices for their drugs in order to gain preferred status within the insurance companies' lists of covered drugs. This system of discounting has a few problems. First, the discounts may not be passed on to consumers and instead can raise premiums, copays, or deductibles. Secondly, even those who are insured may be required to pay a portion of that inflated price out of pocket, not to mention uninsured patients who are on the hook to pay even more.

www.goodrx.com

#17 | Posted by AMERICANUNITY at 2019-03-21 02:35 PM | Reply

I mean, move to another country because what you want is not possible in this country.

There's that American exceptionalism showing.

It is possible.

What needs to happen is the government needs to start working for the benefit of everyone and not the handful of people that can bribe them.

It will happen when healthcare costs consume so much of the economy that it stifles other economic growth. Right now only the lower middle class feel the pain. The poor have Medicaid. The old have Medicare. The upper middle class have employer provided plans. The wealthy have concierge medical.

There will come a point in time when the upper middle class will start feeling their paychecks shrinking because of the rising cost of health care.

Saw a story on the national news of a woman who had her house foreclosed on because the doctor that operated on her burst appendix did not participate with her insurance plan and billed her $5000 for the surgery. When she submitted the bill to insurance the insurance company said they won't pay. When she went to the hospital with the burst appendix she asked repeatedly if the hospital accepted her insurance and she was assured they did.

The doctor blames the hospital. The hospital blames doctor. The insurance company told her she is up s creek. Doctors do this so they can charge the uninsured rate instead of negotiating a price with the insurance company.

The collection agency had her wages garnished 25% and put a lien on her house.

www.nbcnews.com

God bless American for profit health care.

#18 | Posted by Nixon at 2019-03-21 02:36 PM | Reply | Newsworthy 2


It's nice that they are thinking of people's well being. But unfortunately, every time the government steps in and tries to make changes by force of law, it never works. Government price controls fail every single time they are tried, under every form of government that has tried them. The end result will be even more people suffering, and more people dying from otherwise avoidable circumstances.

#19 | Posted by RobertZeurunkl at 2019-03-21 02:49 PM | Reply

- Government price controls fail every single time they are tried

Hardly.

www.u-s-history.com

#20 | Posted by Corky at 2019-03-21 03:06 PM | Reply

Government price controls fail every single time they are tried, under every form of government that has tried them. The end result will be even more people suffering, and more people dying from otherwise avoidable circumstances.

#19 | Posted by RobertZeurunkl

Then why do we have more expensive healthcare with worse results than countries with more government control?

You need to ignore a lot of facts to make your argument.

#21 | Posted by SpeakSoftly at 2019-03-21 03:44 PM | Reply

The drug makers who jacked up the prices should just be carted off to prison and left there to die. Price gouging on prescription drugs should a crime that includes incarderation for a very long time.

#2 | POSTED BY DANNI AT 2019-03-21 08:15 AM |

THIS IS THE PROBLEM WITH SOCIALISM:
there's always a body count
And
there is always a weaponized justice system where opponents are jailed.

While this bill is debatable in terms of whether it is socialism,
danni's Tyranny is straight up Maoist.

#22 | Posted by drivelikejehu at 2019-03-22 06:34 AM | Reply

I mean, move to another country because what you want is not possible in this country. There is ample evidence to prove that.

#8 | Posted by humtake

Sadly I actually agree with this. The repeal ACA efforts four years after it's implementation despite multiple lawsuit challenges show how petty and indecent one side can be despite the human cost. Despite the magnitude of the moral (ðical) repugnance of the CiC does any one think that if a Dem wins 2020 that we won't return to this nightmare at some point down the line? ACA is still intact because of 3 brave souls -luck if you ask me.

For the record, for those of you who say "government can't do..right" imagine if in Harry Potter you replaced Hermione with Voldemort's brother. He'd be antithetical to the mission right? He's going to choose Harry over his own blood (::SMH::). He would undermine anything & everything. That's why government can't be fairly judged- because it's not quite a fully functioning team

#23 | Posted by AfterMaff at 2019-03-22 09:20 AM | Reply

Healthcare is already one of the most heavily regulated industries and everyone agrees it's one heck of a mess, so the only possible solution is more government control.

#24 | Posted by visitor_ at 2019-03-22 10:49 AM | Reply

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