Why does insulin cost so much? Follow the blood money Republicans get to block price cuts.

6 mins read

Why does insulin cost so much? Follow the blood money Republicans get to block price cuts.

Drug lobby pays Republicans to block Insulin price cut reforms

30 million American diabetics struggle to pay for the skyrocketing price of insulin.

Eli Lilly, Novo Nordisk and Sanofi make a killing from raising insulin prices. (Pun intended). Follow the blood money that Big Pharma pays Republicans to block measure to reduce the cost of insulin with this PowerMap that shows:

  • How many diabetics and people without health insurance there per county.
  • Average insulin price: $280/vial
  • How Eli Lilly, Novo Nordisk and Sanofi control the $22 billion U.S. insulin market
  • Multi-million CEO salaries for insulin drug maker CEOs
  • How drug barons spend $29 billion on political donations through PhRMA drug association
  • Pharmaceuticals/Health Products lobbying expense in 2021 : $353,940,426
  • Which Republicans got the most donations from PhRMA in 2020
  • How John Robert’s opened the floodgates to dark money in politics with Citizens United
  • How to contact Senators to demand they support the new bill to limit insulin to $30/month
  • How Reclaim Democracy fights for fair voting rights to lower the cost of drugs

What is blood money? Money obtained at the cost of another’s life. – Merriam Webster Dictionary

Follow the insulin blood money

Insulin pricing has skyrocketed, and a multibillion-dollar pharmaceutical business has formed out of its flame, with a cloud of smoke choking out the rest of the market. Since there is no alternative, millions of people depend on insulin. But high prices are pricing out customers, leaving many to fear they may not have it when they really need it.
Share this PowerMap freely with this link

Insulin price gouging

“Insulin pricing has skyrocketed, and a multibillion-dollar pharmaceutical business has formed out of its flame, with a cloud of smoke choking out the rest of the market. Since there is no alternative, millions of people depend on insulin. But high prices are pricing out customers, leaving many to fear they may not have it when they really need it.

Unfortunately, the medication in the scorpion death grip of the three companies that hold the market, and they are the only ones with the power to lower the prices. Eli Lilly, Novo Nordisk, and Sanofi control almost the entire $22B insulin market. Novo’s per-vial list prices top $289, while Sanofi rounds out the bottom at $270. People with insurance don’t pay full price out of pocket, but uninsured patients or people with high premiums (whose lives also depend on it, mind you) definitely feel the rash of the exorbitant pricing.” The Hustle

Drug barons pay Republicans to prevent cuts to insulin profits so they can protect their enormous profits

Skyrocketing insulin prices

  • House Passes Bill to Limit Cost of Insulin to $35 a Month – NY Times
  • Pharmaceutical Research & Manufacturers of America political donations – Open Secrets
  • Drug firms valuations and CEO salaries – Yahoo Finance
  • The outrage over insulin prices – Axios
  • Mosquitos of Wall Street – The Hustle
  • House votes to cap cost of insulin at $35 – ABC News

Reclaim Democracy

Reclaim Democracy! works toward a more democratic republic, where citizens play an active role in shaping our communities, states, and nation. It believes a person’s influence should be based on the quality of their ideas, skills, and energy, and not based on wealth, race, gender, or orientation.

Citizens United, the PAC, was founded in 1988 by Floyd Brown, a political consultant, with major funding from the Koch brothers. John Robert’s Supreme Court Justices ruled 5-4 to remove restrictions on “independent” political spending by corporations. A decade of data shows that the candidate who has more money, wins more often.

Support reclaim democracy

Roberts SCOTUS allows Citizen's United releasing dark money into American Politics
Support RECLAIM DEMOCRACY

Citizens United lets corporations build power over our political process

This power comes at the expense of citizens. Corporations get the same Constitutional protections as individuals and use these protections to claim the “right” to lie to the public and to influence elections. Unlimited political spending allows ideas to dominate not by how good they are, but by their supporters’ ability to broadcast them. Corporations can just drown out other voices. The more money a politician needs to compete for office, the more she must court the wealthy, leaving less time to govern and less contact with average citizens. – Adapted from Reclaim Democracy

How the high price of insulin hurts your community

This map (which is also part of the larger Power Map) shows the number of people estimated to have diabetes per county and how many people in that county do not have health insurance. The map was created with ArcGIS Online with data from the Centers For Disease Control and Prevention (CDC).

See the number of people with diabetes per county, the number of people without health insurance and the Senators supposed to be representing the people living there.
Share this map freely with this link

TakeAway: We taxpayers pay the salaries of Senators who take big pharma blood money and vote to keep insulin unaffordable. Give them a call and remember to vote!

Deepak
DemLabs

Cartoons licensed from Cagle Cartoons

President Biden proposes cutting the price of prescription drugs.
Diabetics struggle to pay for the skyrocketing price of insulin
Big Pharma pays Republicans with blood money to block any measures to make drugs affordable
Republicans protect drug lobby and keep insulin prices high
Big Pharma Drug Lobby pays Republicans to keep prices high
Republicans deny Americans healthcare and keep drug prices high

Read in browser »

Reposted from Democracy Labs with permission.


DemCast is an advocacy-based 501(c)4 nonprofit. We have made the decision to build a media site free of outside influence. There are no ads. We do not get paid for clicks. If you appreciate our content, please consider a small monthly donation.


Democracy Labs is a hub for ongoing technology and creative innovation that serves progressive campaigns and organizations at the national, state, and local levels.

Our focus is on long term, sustainable and affordable solutions. An approach that is longer than an election cycle, and isn’t purely dependant on volunteers, can enable more qualified candidates to run for office and for more issue groups to bring about positive social change.

Democracy Labs is a project of the Tides Advocacy Fund.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Story

IC-SS News 04-04-2022: Connect, Learn, Act With Us

Next Story

Join Us This Wednesday at Our Community Listening Session

Latest from Explainer

%d bloggers like this: