Given that its insulin and not some new pharmaceutical, I assume the method of making more is available to everyone?
In: Economics
Monopolies and corporations straight up murdering people in the name of profits. Wall street has been buying up drug manufacturers for years until they own them all, then raising the prices between 800-2000%.
These are practices that would be banned by any honest government. The US government… well that’s the only first world nation in the world that does not negotiate drug prices. For example that $300 USD vial of insulin is $30 canadian dollars and they are still turning a profit.
People die so wall street can buy yachts. And FYI, the #1 expense of drug manufacturing is advertising, not R&D. That insulin was also invented by canada so you can’t blame that at all. They GAVE AWAY the patent because it was too important to monetize. Countries like Canada also got smart and BANNED advertising of prescription drugs. Your doctor can decide what’s right for you or research it online. Saved billions.
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