Trump caps insulin at 35 bucks a month

President just announced a price cap of 35 dollars a month for anyone taking insulin. My wife has needed insulin for 41 years now. We are blessed that her insurance pays all but 89 dollars for the 2 types she needs.
Oh yes GIANT announcement but CNN and MSNBC were busy talking about penguins and party goers this last weekend !!!!!!!!!!!!!!

Great news for a lot of my friends.

Seniors/Medicare only is my understanding.

A niece I think said she's paying $6-700 per month for insulin. That sound right? And we're giving drugs and needles to junkies.

Without insurance it costs around $1600 a month.

maybe but what a great start for his next 4 years to go on...

Quit Taser those guys below you don't know what is in our Medicare.

What.......a President that cares about the people?????

I wonder who will make up the difference ??

if giving my choice...……..it wouldn't bother me a bit to give to those that have no control and did not choose ………..a lot more is wasted on those that did choose and could control but chose not too.

The difference between the $ 35 and what it used to be for a copay will probably be made up by increases in the monthly premium for a given medicare plan. Unfortunately, the insulin manufacturers and the insurance companies probably are not going to decrease their margin/profit.

It's not a done deal yet and if passed it will be next year.

I married my wife in 1976, and insulin was 6.00 dollars a vial!!! Now it's 280.00 a vial.

No I just watched it again (had it DVR) and the CEO of ELI LILY said effective IMMEDIATLY anyone who is not on medicare but was using their insulin would not pay more than 35 dollars a month.Yes medicare starts next year with new plans. BUT if you have health coverage your carrier may try to change you. My wife had used lilly brand for 14 years and anthem tried to force her to another brand. It is the one you can buy at Walmart without a prescript. My bother uses it for his dog. 10 bucks a bottle. Her arm broke out at each site of an injection. The dermatologist ran a biopsy on it and said it had some foreign matter in it like a crystal. .So they gave her a PA to get back on lilly brand

Im like White how will it the difference in price be mad e up?? more taxes? I hear everyone scream about socialism but unless Eli Lilly is going to take a big hit on profits someone is going to pay. Rob, Peter to pay Paul.

I'm all for helping folks out but this screams of socialism. What's next?

Lots of room for others down the road for decades to pick and choose what, and who to target. Yes capping costs to the user is good for those that need whatever is being capped but it does not stop the total cost from being the same or even going up, just a different revenue source being tapped.

Bryce

Well if it cost 6 bucks in 76 and there was profit I can't see how there isn't profit at 35 bucks in 2020. What happened to cause it to go to 300? No competition? I suspect it is the same thing causing college tuition to get so high. If a destitute student can borrow 60-70 thousand over 4 years guess what a BA will cost. If medicare sets the price cap at 300 then same thing.

Just buying votes has had almost 4 years to do that so why now??? Same old crap they all do to get re-elected.

Mac

I would guess that regulations have narrowed the number of companies producing insulin. If Trump threatened or actually reduced regulations, the market could open up and substantially reduce the price of insulin. I have little problem with controlling the price if we (the Govt.) have helped create a monopoly that companies then use for profit.

The important question is what are they selling it for in other countries that dont have the same patent protections as we do .Our pharmaceutical industry enjoys a lot of protections from the government . There is a reason you go to mexico and buy it for pennys on the dollar . Friends that used to do it said most of the medicine they got was the same pills and the same vials that they get here the insulin worked just like what they bought in USA they just saved enough by buying a years worth to winter in Arizona .
I have very little sympathy for the medical industry . There seems to be very little billing fraud or price fixing .or anti trust oversite . It seems every time my family gets close to a hospital there is always something double billed or a bill for a test that wasnt run or a phantom doctor that was never seen . Some things you can get fixed somethings you cant

LOL Trump may be a lot of things but socialist is not one of them. No TONS of reports that made the news showing the increase in price brought negative news. The drug companies are giving some on popular and life sustaining drugs so they can charge more for newer drugs. Remember insulin has been around for decades. MOST drugs that are old are dirt cheap. Wonder why they don't prescribe valium much anymore? I was given it for bladder spasmns and 30 pills cost me 98 cents. Can't make millions with those prices.

Yea thank Obummer and sleepy Joe for a lot of that . Yes congress is to blame for most of that . BIG donations and lobbyist insure the politicians vote for their interest.

Big insurance is another culprit. When I filed for disability after a sever spinal injury I found out that my PRIVATE disability policy that I paid 54 bucks a month for 15 years would not pay me a dime. Because my retirement plus social security equaled 80% of my salary by FEDERAL LAW I wasn't entitled to a penny of that coverage. Said I couldn't benefit from being disabled. Well 20% reduction in salary and losing my company paid health and dental doesn't seem to be benefiting to me... BUT I'm not a politician.

Maybe the big company's can make it up on the covid19 vaccine. And since some may not work we may need many and often. Only problem is we won't know if they didn't work til we got it.

The big insurance is designed to shear the sheep, but some look a little bloody.

I’m sorry to put a damper on this but we don’t know when this will start. If it’s like “anyone can get tested” or “It’ll be over by Easter” or ‘the promotion of hydroxychloroquine because”what can it hurt” type rhetoric, the proof isn’t in the pudding, cuz the pudding hasn’t been served.
Not anyone who needs one can get a test yet.
With 1.7 million laboratory confirmed (and growing) cases, it hasn’t gone away.
Hydroxychloroquine has been proven in 6 highly respected studies NOT to work for covid-19.

Just because something is announced by the Whitehouse, doesn’t make it happen right now

Yes, testing has gotten better. But this virus isn’t going away. And no amount of wishful thinking on the part of the president is going to make hydroxychloroquine a game changer.

This is from CNN which I'm sure you would consider to be a reliable source:
"In his remarks, Trump also thanked Seema Verma, administrator of the Centers for Medicare and Medicaid Services, for having "brought this to my attention a long time ago."
Verma said during a call with reporters earlier on Tuesday that "these plans will begin starting in January 2021 in all 50 states, DC and Puerto Rico, and seniors can find a participating plan on our 'Medicare plan finder' during the annual open enrollment period, which begins on October 15."
The new benefit will be offered through Medicare Part D prescription drug plans and Medicare Advantage plans."

This addresses the point of the OP. The rest of your post is typical political bashing which has nothing to do with the topic.

In Africa a year's supply of insulin only costs $160.30 and it is still profitable for companies to sell it.

Keith

LOL, that was the first thing I thought of when I read prices had been reduced to real world costs.


(This word is unacceptable on Trapperman) Socialism.

The problem is that excessive government restrictions kill the free market, that would keep prices reasonable. We need laws to protect the consumers, not to protect the profits of large corparations that buy politicians, who then create laws to kill competition for their benefactors.

Keith

My wife takes 2 different types of insulin,Humalog, Tresiba. @ 3 shots a day for 47 years. That adds up to a lot of money.
I have no way of proving it but I think 30.00 per vial should cover it. ( 28 units in the morning and 6 units @ dinner and supper)

Everyone talks about a free market until it gets uncomfortable for them.



Just more of the government "saving" us from the problem they created.

Mike

Testing ? OK here is my opinion on that . IF you get a positive outcome then what. There isn't a vaccine to give right then to treat it. IF your sick stay home!!! Testing hasn't stopped the virus . IT IS NOT A CURE !! It is fodder for some governors to use to lock people down. People are so tired of hearing about testing that now NOONE wants to show up. They are thinking why bother. What does it accomplish? Here in Ky they have 13 testing sites that can do 400 test per day. In the Gov nightly report he gives numbers still available. Some are only getting 10-20 people a day !!! Testing is one tool to get more money PERIOD !! The nursing homes have accounted for 65 % of the deaths here in our state . THEY ARE ALL LOCKED DOWN !!! Over the last 6 days Ky has had 8 deaths total. ALL from NURSING HOMES !!!!!! We have had 400 total in 3 months. Some cause of death fishy. But really that's not a lot of people to die during any 3 month period. Oh forgot average age of death is around 80 !!! Even Fauci said today that second wave may not happen