Why insulin cost is high in the United States?

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  • ron h
    Lv 7
    6 months ago

    Yep. Drug co's own a lot of senators ad reps. There's a LOT of info on that at opensecrets.org

    https://www.opensecrets.org/lobby/indusclient.php?...

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  • 6 months ago

    several reasons..

    it starts by the fact that the pharmaceutical lobby is the largest political lobby in US congress of which US senators are legally taking "legal bribes" (aka campaign contribution) regularly.. bigger than any other lobby - bigger than oil and bigger than the coal industry.. so the Senate would shoot down any legislation that may jeopardize their multi-billion earnings..

    most other countries (including what you would call 3rd world countries) put a cap on how much a drug is sold and how much those big pharma could earn from a much needed drug.. and if one company sells its drugs beyond what deems to be reasonable, that country would encourage the competition to reverse-engineer the drug and produce the same drug.. trade-mark, patents and law-suits would not matter much within the borders of those countries..

    you can start by watching 'Sicko' by Michael Moore on youtube.

    https://www.youtube.com/watch?v=WVRRu4cpVYs

    Youtube thumbnail

    all the best.

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  • Ranger
    Lv 7
    6 months ago

    Because the Medical and Pharmaceutical Industries make huge contributions to politicians who will prevent legislation requiring Life Saving Drugs be sold at affordable prices.

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  • Joe
    Lv 7
    6 months ago

    Because demand is fairly inelastic, meaning that the manufactures can raise prices to profiteering levels without losing many sales.

    America does not have a health care system. America has a very profitable medical products & services industry.

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  • .
    Lv 7
    6 months ago

    Greedy business men who make and sell it

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