Tell me about Biden and insulin prices

[StoliFun]

He apparently said in the SOTU that he wanted to cap a person's monthly insulin cost at $35. IMO that's still too high, and all the testing and needles and crap that go along with it can be expensive on their own. But this is still a step in the right direction.

I saw some pushback in the SOTU thread and on Twitter claiming Biden is just reinstating Trump insulin price EO policies that Biden had rescinded last year. I do not recall Trump ever capping a person's monthly insulin costs at $35.

Can you fellows show me the light and source your claims?

[FlipBrah]

https://nypost.com/2020/05/26/trump-...to-35-a-month/

WASHINGTON — President Trump on Tuesday will announce a prescription plan drastically reducing the cost of insulin for American seniors who rely on Medicare.

The deal struck with the nation’s insulin manufacturers and health care providers will limit the co-pay for a month’s supply of insulin to $35 — a 66 percent reduction to current costs, White House counselor Kellyanne Conway said.

The initiative will apply to the 1 in 3 Medicare enrollees who have diabetes, which is approximately 3 million people.

The announcement comes on the heels of hearings into the rising cost of insulin in the United States, with one diabetic groom-to-be dying in 2019 after switching to a cheaper version to help pay for his wedding.

Having more predictable out of pocket costs will help seniors adhere to their doctor’s orders,” Conway told reporters on a briefing call.

The initiative will be unveiled during an event in the White House Rose Garden with Trump and the nation’s health care executives.

The plan, effective from January 2021, will save seniors approximately 56 percent or an average of $446 each year in insulin co-pays, said Seema Verma, administrator of the Centers for Medicare and Medicaid Services.

[TallTigerTwo]

https://nypost.com/2020/05/26/trump-...to-35-a-month/

Is this the fastest an OP has experienced instant regret? Jflol…

[FlipBrah]

Is this the fastest an OP has experienced instant regret? Jflol…

He can delete this thread now

[StoliFun]

https://nypost.com/2020/05/26/trump-...to-35-a-month/

So the cap was just for some Medicare enrollees willing to pay higher premiums for particular prescription drug plans, and it was limited to certain basic forms of insulin?

[FlipBrah]

So the cap was just for some Medicare enrollees willing to pay higher premiums for particular prescription drug plans, and it was limited to certain basic forms of insulin?

https://www.cms.gov/newsroom/press-r...icares-seniors

Not gonna quote the whole thing

[StoliFun]

https://www.cms.gov/newsroom/press-r...icares-seniors

Not gonna quote the whole thing

Yeah, so it is a program voluntarily entered into by pharmaceutical companies that doesn't require them to make available or disclose pricing info on any of the better more modern insulins that most doctors prefer to prescribe.

Also, at what point did Biden reverse this policy in the last year?

[bigcat3655]

Yeah, so it is a program voluntarily entered into by pharmaceutical companies that doesn't require them to make available or disclose pricing info on any of the better more modern insulins that most doctors prefer to prescribe.

Also, at what point did Biden reverse this policy in the last year?

Biden froze the policy within the first few days of taking office and officially rescinded it in October 21.

[StoliFun]

Biden froze the policy within the first few days of taking office and officially rescinded it in October 21.

Do you have a source for that

[bigcat3655]

Do you have a source for that

What are you, six? Need everyone to spoon-feed you info?

https://www.policymed.com/amp/2021/1...cing-rule.html

[Weightaholic]

Good idea under Trump, good idea under Biden, good idea period.

[StoliFun]

What are you, six? Need everyone to spoon-feed you info?

https://www.policymed.com/amp/2021/1...cing-rule.html

That is about a EO affecting drug price schemes for meds purchased through federally qualified health centers. It is unrelated to the medicare price cap.

Good idea under Trump, good idea under Biden, good idea period.

Hopefully Biden's is much, much more expansive.

[Azrairc]

Why are so many miscers price control socialists?

Why should pharmacies be forced to sell cheaper insulin than it costs to make?

Why not price cap anything like houses to, people with diabetes need housing prices capped

[Tha big kahoona]

Why should pharmacies be forced to sell cheaper insulin than it costs to make?

An insulin vial costs around $3 to produce

[leafs43]

Price ceilings just lead to shortages.

The only way to make insulin cheap is go to the patent office, tell them to remove any claims the 3 pharmaceutical companies have and move forward. They didn't even invent the damn thing, they just bought it to corner the market and be anticompetitive

This will result in generic insulin to be produced, and will put downward pressure on prices

[knightofday]

What are you, six? Need everyone to spoon-feed you info?

https://www.policymed.com/amp/2021/1...cing-rule.html

How can you not tell this dudes just a subversive trying to irritate you?

His pattern is just like every other shills, it’s plainly obvious and has been for years

[StoliFun]

How can you not tell this dudes just a subversive trying to irritate you?

His pattern is just like every other shills, it’s plainly obvious and has been for years

I asked bigcat for proof Biden lifted a $35 cap on insulin. Bigcat linked me to something else entirely.

[Duckliver]

I asked bigcat for proof Biden lifted a $35 cap on insulin. Bigcat linked me to something else entirely.

Yes but your entire schtick is disingenuous.

You pretend to be interested in something but really do zero legwork yourself. You put the burden on some “claim” (that you provide no proof of) and expect others to provide you with answers and do legwork for your own questions.

Then you start trying to nitpick and move the discussion on from whatever original question you had that you didn’t actually care about onto whatever issues you can find with a new point. You have no actual interest in subjects being posted about, just a weird fascination with annoying people in the guise of seeking enlightenment. Which is basically an identical tactic my seven year old uses when he is bored and trying to force people to interact with him.

[Mr Beer]

It's not really the land of the free if big pharma can't extort $500+ for every vial of life saving medicine, all this commie talk of diabetics being able to live is disturbing.

[OPGenesis]

Do people actually care about this type of stuff?

[metroins]

Price ceilings just lead to shortages.

The only way to make insulin cheap is go to the patent office, tell them to remove any claims the 3 pharmaceutical companies have and move forward. They didn't even invent the damn thing, they just bought it to corner the market and be anticompetitive

This will result in generic insulin to be produced, and will put downward pressure on prices

It is insulin, a required medical treatment, not an iPad. If insulin becomes cheaper, demand remains the same; there would not be shortages.

The rx industry would need to increase pricing elsewhere to offset the lack of profits but an insulin policy would not cause a shortage. You may face less options of who manufactures it.

Personally, I do not care what a person pays a rx company for medicating l medication. This should be an insurance regulation, not a pharmaceutical regulation. Insurers are the primary payors, so cap insulin medication at tier 1 pricing and allow insurers (Medicare) to negotiate.

[Duckliver]

Do people actually care about this type of stuff?

I think diabetics do


And to be fair that’s a rapidly growing voter group that I think is bipartisan.

Americans are just fat across the board

[OPGenesis]

I think diabetics do


And to be fair that’s a rapidly growing voter group that I think is bipartisan.

Americans are just fat across the board

Intersting.

Never gave these autistic questions an ounce of thought.

Maybe because my family isn't a bunch of overweight fat fuks.

[Cleveland33]

It is insulin, a required medical treatment, not an iPad. If insulin becomes cheaper, demand remains the same; there would not be shortages.

Demand will go up - not sure if it will be enough to cause shortages but you can be sure the demand will be greater if it becomes cheaper

[metroins]

Demand will go up - not sure if it will be enough to cause shortages but you can be sure the demand will be greater if it becomes cheaper

It's insulin.

You need insulin? I don't. I'm not going to go buy insulin because it's cheaper. If somebody needs insulin they have to get it somewhere, whether that be an urgent care, pharmacy or hospital.

It's like if lung replacements became cheaper and more available. Demand won't go up, just more people would have access to it instead of dying. The demand stays the same.

The demand stays the same for required medicine.

[jamalfudge]

He apparently said in the SOTU that he wanted to cap a person's monthly insulin cost at $35. IMO that's still too high, and all the testing and needles and crap that go along with it can be expensive on their own. But this is still a step in the right direction.

I saw some pushback in the SOTU thread and on Twitter claiming Biden is just reinstating Trump insulin price EO policies that Biden had rescinded last year. I do not recall Trump ever capping a person's monthly insulin costs at $35.

Can you fellows show me the light and source your claims?

Trump's EO wasn't just for insulin. The regulation was a prescription drug could not be charged more in the US than it is in any other country.

[StoliFun]

Yes but your entire schtick is disingenuous.

You pretend to be interested in something but really do zero legwork yourself. You put the burden on some “claim” (that you provide no proof of) and expect others to provide you with answers and do legwork for your own questions.

Then you start trying to nitpick and move the discussion on from whatever original question you had that you didn’t actually care about onto whatever issues you can find with a new point. You have no actual interest in subjects being posted about, just a weird fascination with annoying people in the guise of seeking enlightenment. Which is basically an identical tactic my seven year old uses when he is bored and trying to force people to interact with him.

I asked people to backup their claims. I'm not going to assume what was going on in between their ears.

[Cleveland33]

It's insulin.

You need insulin? I don't. I'm not going to go buy insulin because it's cheaper. If somebody needs insulin they have to get it somewhere, whether that be an urgent care, pharmacy or hospital.

It's like if lung replacements became cheaper and more available. Demand won't go up, just more people would have access to it instead of dying. The demand stays the same.

The demand stays the same for required medicine.

Are you seriously that out of touch? There are people that need medicine they can't afford, don't put the effort into finding the alternative payments, and go without

[Duckliver]

I asked people to backup their claims. I'm not going to assume what was going on in between their ears.

Show me where someone made this claim before you made this thread.

[Duckliver]

Are you seriously that out of touch? There are people that need medicine they can't afford, don't put the effort into finding the alternative payments, and go without

I’m pretty sure diabetics get hospitalized and get insulin or die if that happens.