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Soaring Insulin Costs: Democrats Make You Suffer Now, So You Will Thank Them Later

Let’s start with a story…

 

Rebecca Kelly never imagined she would drive from her Madison County Kentucky home all the way to Canada just go to a pharmacy.

 

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But she’s done it. Twice.

 

“This is pretty much gold to someone living with diabetes,” Kelly said, holding up a vial of insulin.

 

Then again, to Kelly, who has Type 1 diabetes, these aren’t just medicines.

 

“It’s just like oxygen,” she said. “You don’t get oxygen, you die. You don’t get insulin, you die. And that’s scary.”

 

The price tag makes that scarier. Before she drove to Canada, where she was able to buy insulin for $30/vial, Kelly had been paying $1,200 for a 90-day insulin supply, or $300/vial, she said. 

 

“We are in a crisis with insulin,” said Rep. Danny Bentley, R-Russell. “We’re always worried about the opioid crisis, we’re worried about the COVID crisis, but we’re also in a diabetic crisis. And it’s more preventable than the other ones.”

 

The average price of insulin in Kentucky more than doubled from 2012 to 2016, according to data from the non-partisan non-profit Health Care Cost Institute.  the cost has risen  to as much as $1500 for a 90 day supply since Biden  took office. Across the country, the average price of an insulin vial ranges from $96 to $390, GoodRx says.

 

 

A brief review of the scope of the problem:

 

Prevalence of Diabetes (Diagnosed and Undiagnosed) In Americans
(See Detailed Methods)

 

Among the US population overall, crude estimates for 2018 were:

 

  • 34.2 million people of all ages—or 10.5% of the US population—had diabetes.
  • 34.1 million adults aged 18 years or older—or 13.0% of all US adults—had diabetes (Table 1a; Table 1b).
  • 7.3 million adults aged 18 years or older who met laboratory criteria for diabetes were not aware of or did not report having diabetes (undiagnosed diabetes, Table 1b). This number represents 2.8% of all US adults (Table 1a) and 21.4% of all US adults with diabetes.
  •  The percentage of adults with diabetes increased with age, reaching 26.8% among those aged 65 years or older (Table 1a).

  • Nearly 1.6 million Americans have type 1 diabetes, including about 187,000 children and adolescents
  • Of the 34 million Americans who have diabetes, about 31 percent take insulinto manage the condition.

 

Costs:

 

  • The total direct and indirect estimated costs of diagnosed diabetes in the United States in 2017 was $327 billion.
  • Total direct estimated costs of diagnosed diabetes increased from $188 billion in 2012 to $237 billion in 2017 (2017 dollars); total indirect costs increased from $73 billion to $90 billion in the same period (2017 dollars).

 

Read the rest HERE.

 

Article by Bekah Lyons. Originally published at Right Wire Report.

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