ItsMrDeath2You
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ItsMrDeath2You35 karma
The insulin pricing bugs me a lot. I'm not diabetic, but do have diabetic family. The creator made it so that he didn't profit and it could benefit the world. Now three big pharmaceutical companies have made slight changes to the formula, monopoliezed the market in the US be working to together to increase cost by well over 100% in a ten year span. This is a big issue.
I do find it interesting more companies have not started making insulin in an effort to undercut the existing seudo monopoly of those three larger companies....
ItsMrDeath2You33 karma
I was T boned in a car accident. It ruptured my spleen (grade 3), and cracked 3 ribs. 3 days icu, 3 days in a recovery room, an embolization surgery, and an ambulance ride. The hospital charged me $162,000!!!! However I was insured under a good plan. BCBS made the hospital write off $105,000. BCBS paid $48,000, and told the hospital they could only charge me $3,000.
If I were not insured the doctors life saving efforts would have caused a financial suicide
ItsMrDeath2You10 karma
Thanks for this!! I was pretty sure there were/are three big compaines controlling insulin prices. But it's been quite awhile since I researched it, thus had forgotten specifics.
Someone else questioned my statement about the three companies. You saved me from looking for this info again
ItsMrDeath2You41 karma
$360 Ouch. Seems like a shady practice for sure
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