Wednesday, January 5, 2022
‘It just seems like a big scam’: diabetics criticize Biden’s insulin proposal
…The average list price of one unit of insulin in the US is $98.70, compared to $12 in Canada and $7.52 in the UK. The US consists of aboutr 15% of the global insulin market, but accounts for nearly half of the pharmaceutical industry's insulin revenue.
These high costs persist despite the founders of insulin selling the patent for $1 in 1923 because they viewed it as unethical to profit from a lifesaving drug…
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