“I’m working, I have benefits. I can get my teeth cleaned and my eyes checked, but I can’t get the medicine that keeps me and my sister alive,” said one patient with diabetes.
Despite being discovered in the 1920s and costing as little as $4 per vial to produce, insulin now has an average list price of $300 per vial.
“If three companies seized control of the market for water globally and raised the prices 310 percent over 10 years there would be pitchforks at the gate,” said David Mitchell, founder of Patients For Affordable Drugs, a nonprofit advocacy group. “Insulin is like water for people with diabetes.” PhRMA, a trade organization representing pharmaceutical companies, did not respond to an NBC News request for comment. On its website, the organization says rising list prices for drugs only tells part of the story, and that the cost issues for customers may be a result of pharmacy benefit managers and insurers not sharing rebates with customers.
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