Comment by rusk
7 hours ago
> setting up and maintaining production is obnoxiously expensive.
This is what I meant by compete on cost. The manufacturers that are best at cutting these costs will make the most profit. That’s where competition should be focused on such generic items.
None of this is while insulin is so expensive in the US. None of it.
We've been producing insulin for 100 years now. You guys are just making things up and it's wild.
I don't think a single person who is claiming that regulation is driving up insulin prices has even Googled it to make sure what they're saying makes sense. Spoiler alert: It's not.
The cost of insulin is a result of monopolies, pharmacy benefit managers, patents, and most importantly: a LACK of regulation on drug prices.