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Insulin Will Remain Expensive.
Insulin Will Remain Expensive.
By ScottMon
8 Aug 2022 10:49 am in No Holds Barred Political Forum
8 Aug 2022 8:06 pm
New patents for new insulin based products. No one buys old school insulin, they are too lazy for that noise.
8 Aug 2022 8:07 pm
Class warfare is so 19th centuryScottMon » 08 Aug 2022, 7:51 pm » wrote: ↑ Because some rich people freak out when they're a little less rich. Poor people never freak out because they have learned how to be poor already. The rich need the poor a lot more than the poor need the rich.
8 Aug 2022 8:09 pm
It was but Crony Capitalism brought it back with a howl. The great resignation shows how much our economy depends on low wage earners.
8 Aug 2022 8:10 pm
Pretty sure no new patents have been filed lately.Neo » 08 Aug 2022, 8:06 pm » wrote: ↑ New patents for new insulin based products. No one buys old school insulin, they are too lazy for that noise.
8 Aug 2022 8:23 pm
Wouldn't be the first time you were wrong, there are thousands of medical patents are filed every year. Generic insulin is $7 a bottle, fancy long lasting pumped insulin is $70 a bottle. Coors is a dollar a can, single malt whiskey can command hundreds of dollars for 16ozs.
Biotech insulin is now the standard in the U.S., the authors say. Patents on the first synthetic insulin expired in 2014, but these newer forms are harder to copy, so the unpatented versions will go through a lengthy Food and Drug Administration approval process and cost more to make.Mar 19, 2015
8 Aug 2022 8:26 pm
How many patents are filed in 2020?
As of 2020, the number of patent applications worldwide amounted to about 3.27 million. That was a slight increase compared to the previous year when the number reached around 3.22 million applications.
Per year.
8 Aug 2022 8:30 pm
But I found none are for insulin.Neo » 08 Aug 2022, 8:26 pm » wrote: ↑ How many patents are filed in 2020?
As of 2020, the number of patent applications worldwide amounted to about 3.27 million. That was a slight increase compared to the previous year when the number reached around 3.22 million applications.
Per year.
8 Aug 2022 8:30 pm
Neo....Neo » 08 Aug 2022, 8:06 pm » wrote: ↑ New patents for new insulin based products. No one buys old school insulin, they are too lazy for that noise.
I am very impressed that even though this isn't YOUR THREAD you know 10 times more about the topic than then OP.
8 Aug 2022 8:38 pm
Thousands are for patented insulin derived products such as Lantus. Insulin is $7 a bottle, Lantus is $100. You can get a beat up car for 1000 dollars but try to get into a Lamborghini for less than a couple hundred grand.
Applicant. Tradename. Estimated Patent Expiration
Sanofi-aventis U.s. Llc. LANTUS. 2033-03-11
8 Aug 2022 8:43 pm
Problem is, no one is making generic Insulin. There is more profit in markups and restricted markets. Only 3 companies make insulin.Neo » 08 Aug 2022, 8:38 pm » wrote: ↑ Thousands are for patented insulin derived products such as Lantus. Insulin is $7 a bottle, Lantus is $100. You can get a beat up car for 1000 dollars but try to get into a Lamborghini for less than a couple hundred grand.
Applicant. Tradename. Estimated Patent Expiration
Sanofi-aventis U.s. Llc. LANTUS. 2033-03-P
8 Aug 2022 8:48 pm
Now you are approaching a valid point. Why aren't companies making generic insulin?? Government red tape involved in setting up a synthetic insulin manufacturing lab is too high to get a return on investment. Reduce the liability costs and startup costs imposed by the government and you would perhaps see more generic insulin production. Big pharmaceutical would all resist this as it might threaten the profits they are making on their Lamborghini insulin derived products. Not too difficult from the illicit drug trade, the whales keep the little fish in check.ScottMon » 08 Aug 2022, 8:43 pm » wrote: ↑ Problem is, no one is making generic Insulin. There is more profit in markups and restricted markets. Only 3 companies make insulin.
8 Aug 2022 8:50 pm
Ok, That is a potential solution. I don't see the companies going for it though.Neo » 08 Aug 2022, 8:48 pm » wrote: ↑ Now you are approaching a valid point. Why aren't companies making generic insulin?? Government red tape involved in setting up a synthetic insulin manufacturing lab is too high to get a return on investment. Reduce the liability costs and startup costs imposed by the government and you would perhaps see more generic insulin production. Big pharmaceutical would all resist this as it might threaten the profits they are making on their Lamborghini insulin derived products. Not too difficult from the illicit drug trade, the whales keep the little fish in check.
8 Aug 2022 9:55 pm
more details re the topic:
GOP strips insulin out-of-pocket cap from bill: ‘Republicans have just gone on the record in favor of expensive insulin’
Republicans successfully stripped a proposed $35 per month cap on out-of-pocket spending on insulin for patients enrolled in private insurance from the tax and climate bill.
The Senate parliamentarian had ruled that the provision, sponsored by Georgia Democratic Senator Raphael Warnock, is not primarily related to the federal budget. That gave the GOP a chance to raise a procedural objection.
Waiving the rules required 60 votes to succeed. Seven Republicans sided with Democrats to keep the insulin cap in the bill, but that was not enough. Democrats plan to use the GOP move to strip the insulin cap in the fall midterm campaigns.
Many in the GOP supported an amendment from Louisiana Senator John Kennedy to instead provide government funding to subsidize insulin purchases for low income individuals.
Democrats immediately attacked Senators Ron Johnson of Wisconsin and Marco Rubio of Florida, who are up for re-election, over their votes to strip a $35 insulin cap from the tax bill.
“Republicans have just gone on the record in favor of expensive insulin,” Oregon Senator Ron Wyden said.
“After years of tough talk about taking on insulin makers, Republicans have once against wilted in the face of heat from Big Pharma.”
Voting with Democrats to keep the provision were Senators Bill Cassidy, Susan Collins, Josh Hawley, Cindy Hyde-Smith, John Kennedy, Lisa Murkowski and Dan Sullivan.
The 57-43 vote was shy of the 60 needed.
GOP strips insulin out-of-pocket cap from bill: ‘Republicans have just gone on the record in favor of expensive insulin’
Republicans successfully stripped a proposed $35 per month cap on out-of-pocket spending on insulin for patients enrolled in private insurance from the tax and climate bill.
The Senate parliamentarian had ruled that the provision, sponsored by Georgia Democratic Senator Raphael Warnock, is not primarily related to the federal budget. That gave the GOP a chance to raise a procedural objection.
Waiving the rules required 60 votes to succeed. Seven Republicans sided with Democrats to keep the insulin cap in the bill, but that was not enough. Democrats plan to use the GOP move to strip the insulin cap in the fall midterm campaigns.
Many in the GOP supported an amendment from Louisiana Senator John Kennedy to instead provide government funding to subsidize insulin purchases for low income individuals.
Democrats immediately attacked Senators Ron Johnson of Wisconsin and Marco Rubio of Florida, who are up for re-election, over their votes to strip a $35 insulin cap from the tax bill.
“Republicans have just gone on the record in favor of expensive insulin,” Oregon Senator Ron Wyden said.
“After years of tough talk about taking on insulin makers, Republicans have once against wilted in the face of heat from Big Pharma.”
Voting with Democrats to keep the provision were Senators Bill Cassidy, Susan Collins, Josh Hawley, Cindy Hyde-Smith, John Kennedy, Lisa Murkowski and Dan Sullivan.
The 57-43 vote was shy of the 60 needed.
8 Aug 2022 10:10 pm
roadkill » 08 Aug 2022, 6:49 pm » wrote: ↑ Short terms claims by way of the language.
"Inflation Reduction Act" is a lie.
It will crush small business and the middle class. Remember...the Biden admin also claims we're not in a recession when the definition of a recession has already happened.
You used yer source...now here's one of many other sources that I will use...any corp tax that the dems hand to corporations can only be paid by the consumers, the workers, and the investors. If you choose not to believe that, it's yer choice.
https://www.youtube.com/watch?v=LCDGB5ulp38
The top tax rate under Eisenhower was 91%. America was rolling.
We're quibbling over 15%?
"Because I SAY I am" is fallacy, not science
You cannot betray me - only yourself, to me.
Who cuts off your dick is not your friend
An opinion you won't defend is not yours. It's someone else's.
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe.
When peeing in the pool, stand on the edge.
Only religions declare heresy; only lies require protection.
If gender is not sex, why should a gender claim change what sex you shower with?
You cannot betray me - only yourself, to me.
Who cuts off your dick is not your friend
An opinion you won't defend is not yours. It's someone else's.
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe.
When peeing in the pool, stand on the edge.
Only religions declare heresy; only lies require protection.
If gender is not sex, why should a gender claim change what sex you shower with?
8 Aug 2022 10:17 pm
That is the apologia.Neo » 08 Aug 2022, 8:48 pm » wrote: ↑ Now you are approaching a valid point. Why aren't companies making generic insulin?? Government red tape involved in setting up a synthetic insulin manufacturing lab is too high to get a return on investment. Reduce the liability costs and startup costs imposed by the government and you would perhaps see more generic insulin production. Big pharmaceutical would all resist this as it might threaten the profits they are making on their Lamborghini insulin derived products. Not too difficult from the illicit drug trade, the whales keep the little fish in check.
The real reason?
We all know.
And who TOLD government to create those barriers - as a cover?
We all know.
This is not a country. It's a bazaar.
"Because I SAY I am" is fallacy, not science
You cannot betray me - only yourself, to me.
Who cuts off your dick is not your friend
An opinion you won't defend is not yours. It's someone else's.
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe.
When peeing in the pool, stand on the edge.
Only religions declare heresy; only lies require protection.
If gender is not sex, why should a gender claim change what sex you shower with?
You cannot betray me - only yourself, to me.
Who cuts off your dick is not your friend
An opinion you won't defend is not yours. It's someone else's.
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe.
When peeing in the pool, stand on the edge.
Only religions declare heresy; only lies require protection.
If gender is not sex, why should a gender claim change what sex you shower with?
9 Aug 2022 7:51 am
So you admit you lied when you said there was no development cost.
Thanks...
9 Aug 2022 7:53 am
I didn't lie. We developed the drug a hundred years ago.ConsRule » 09 Aug 2022, 7:51 am » wrote: ↑ So you admit you lied when you said there was no development cost.
Thanks...
9 Aug 2022 11:34 am
There was still R&D cost...you said there was no development cost. Then you said the R&D had already been covered. One of your statements was a lie. Be an adult and admit it.
9 Aug 2022 3:44 pm
you seem like an expert. How much should insulin Cost? Are diabetics getting it too Cheaply? Maybe the pharmaceutical companies are getting ripped off.ConsRule » 08 Aug 2022, 1:31 pm » wrote: ↑ First...you haven't proven a **** thing.
Second...I never said it wasn't cheap to manufacture.
Third...storage and shipping have absolutely nothing to do with the R&D necessary to develop a drug.
9 Aug 2022 4:32 pm
I never said I was an expert (your words, not mine)...and any product should be priced at what the market will bear.SJConspirator » 09 Aug 2022, 3:44 pm » wrote: ↑ you seem like an expert. How much should insulin Cost? Are diabetics getting it too Cheaply? Maybe the pharmaceutical companies are getting ripped off.
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