[linsomniac]

Interesting you should choose insulin, as it's made by ~3 companies, and 2002-2013 the price went up 6x, while the price of the inputs dropped. ISTR that right after that it went up another 3x to over $300/vial. Thankfully, I only needed a vial once every few months, it was for my cat.

"Evergreening", a process where the drug manufacturers slightly change the formula or delivery when one patent is running out, to gain a new patent, then stop manufacturing the old formula.

Not saying I want to see AWS bandwidth prices regulated (though I think they could come down and still make a massive profit). But in the case of insulin, the industry has left little choice but government intervention.

[Auracle]

Except in insulin’s case all they did was cap out of pocket costs, meaning insurance takes up the rest of the bill…which means the rest of us pay for it - and worse yet, it effectively stops any pressure on those companies to lower prices. That’s both political pressure and market pressure. Why the hell would anyone care or use cheaper insulin now?

[freeopinion]

So all the politicians pat themselves on the back without fixing the real problem. Instead, they just add one problem on top of another.

[ekianjo]

> But in the case of insulin, the industry has left little choice but government intervention.

drugs are not made without government approval or something. the FDA tells you what you can or cannot do.