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Very Hot Topic (More than 25 Replies) Group travels from Minnesota to Canada to buy $34 insulin that's for $380 in US (Read 1,257 times)
TowardLiberty
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Re: Group travels from Minnesota to Canada to buy $34 insulin that's for $380 in US
Reply #60 - Jul 11th, 2019 at 5:59pm
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Limey. wrote on Jul 11th, 2019 at 2:58pm:
TL Westy you read it too.

I demand it  Grin


Can't think why I've not posted it up before...

That looks interesting. I think I will give it a read.

How about this.. I'll read the Citadel, and you read "From Mutual Aid to the Welfare State."

It seems these books are looking at similar institutions but from differing perspectives...

Perhaps we could profit from a compare and contrast.

From the back of the book:

"During the late nineteenth and early twentieth centuries, more Americans belonged to fraternal societies than to any other kind of voluntary association, with the possible exception of churches. Despite the stereotypical image of the lodge as the exclusive domain of white men, fraternalism cut across race, class, and gender lines to include women, African Americans, and immigrants. Exploring the history and impact of fraternal societies in the United States, David Beito uncovers the vital importance they had in the social and fiscal lives of millions of American families.Much more than a means of addressing deep-seated cultural, psychological, and gender needs, fraternal societies gave Americans a way to provide themselves with social-welfare services that would otherwise have been inaccessible, Beito argues. In addition to creating vast social and mutual aid networks among the poor and in the working class, they made affordable life and health insurance available to their members and established hospitals, orphanages, and homes for the elderly. Fraternal societies continued their commitment to mutual aid even into the early years of the Great Depression, Beito says, but changing cultural attitudes and the expanding welfare state eventually propelled their decline."

free pdf here
« Last Edit: Jul 11th, 2019 at 10:02pm by TowardLiberty »  

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"It was the union of the anticapitalist forces of the Right and of the Left, the fusion of radical and conservative socialism, which drove out from Germany everything that was liberal.” F A Hayek
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wyattstorch2004
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Re: Group travels from Minnesota to Canada to buy $34 insulin that's for $380 in US
Reply #61 - Jul 11th, 2019 at 6:22pm
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forgotten centrist wrote on Jul 11th, 2019 at 1:05pm:
Since we've been talking about insulin (as a case study), I don't think insulin prices have tripled because of some insulin shortage.  We know how to make insulin, we make it at scale, it's basically a commodity now.  But prices have spiraled up.

In this case, increasing supplies will have no effect.  Providers are charging more for reasons that have nothing to do with their supply chain.


The supply is being artificially constricted.  It is that manipulation that is the sole reason that the makers can charge so much.  Because it is illegal for other market actors to put their own supply on the market.
  
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Limey.
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Re: Group travels from Minnesota to Canada to buy $34 insulin that's for $380 in US
Reply #62 - Jul 11th, 2019 at 6:38pm
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wyattstorch2004 wrote on Jul 11th, 2019 at 6:22pm:
The supply is being artificially constricted.  It is that manipulation that is the sole reason that the makers can charge so much.  Because it is illegal for other market actors to put their own supply on the market.



Which is a mirror of the NHS system (when it works).

NIHCE says "you can sell your drug here. This price is profitable.  Take it or leave it ".

Effectively a buyer's market.

Looks like you have a seller's market which has equivalent but different sources of moral unease...
  

I have a new t shirt.
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Limey.
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Re: Group travels from Minnesota to Canada to buy $34 insulin that's for $380 in US
Reply #63 - Jul 11th, 2019 at 6:40pm
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...I have it on pdf and pinky promise to read it over the next few days.


It's my 28th wedding anniversary this weekend which also marks the anniversary of the times I forgot my wedding anniversary.... reading maybe Sunday night on the way back to London....
  

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wyattstorch2004
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Re: Group travels from Minnesota to Canada to buy $34 insulin that's for $380 in US
Reply #64 - Jul 12th, 2019 at 12:26am
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Limey. wrote on Jul 11th, 2019 at 6:38pm:
Which is a mirror of the NHS system (when it works).

NIHCE says "you can sell your drug here. This price is profitable.  Take it or leave it ".

Effectively a buyer's market.

Looks like you have a seller's market which has equivalent but different sources of moral unease...


Both strain the definition of "market".
  
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Limey.
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Re: Group travels from Minnesota to Canada to buy $34 insulin that's for $380 in US
Reply #65 - Jul 12th, 2019 at 5:53am
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wyattstorch2004 wrote on Jul 12th, 2019 at 12:26am:
Both strain the definition of "market".



Agreed.
  

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Ulysses
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Re: Group travels from Minnesota to Canada to buy $34 insulin that's for $380 in US
Reply #66 - Jul 12th, 2019 at 5:30pm
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Limey. wrote on Jul 11th, 2019 at 5:32pm:
My type 1 came about because of a Serbian mortar bomb in 1994.


Sorry to hear that. Loss of pancreas?

Bummer.

  

 
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Limey.
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Re: Group travels from Minnesota to Canada to buy $34 insulin that's for $380 in US
Reply #67 - Aug 8th, 2019 at 9:29am
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Re: Group travels from Minnesota to Canada to buy $34 insulin that's for $380 in US
Reply #68 - Aug 8th, 2019 at 12:50pm
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Limey. wrote on Aug 8th, 2019 at 9:29am:


Looks like he was using the 70/30 mix of regular/isophane insulin. I dislike isophane insulin - it has an additive that slows the absorption but also can cause allergic reactions.

As a type 2, insulin prices are outrageous.
  

 
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Re: Group travels from Minnesota to Canada to buy $34 insulin that's for $380 in US
Reply #69 - Aug 8th, 2019 at 1:29pm
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Yes. Let’s look at what happened to the price of insulin from 2008-2016 before it stabilized with a slight increase in 2017.

https://www.google.com/search?q=price+of+insulin+chart&client=safari&hl=en-us&pr...
  
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