Comment Re:Predatory pricing (Score 1) 41
This is all government enabled. Lantus launched in 1999 at $38 a vial cash. It has 3 other competitors in the long acting insulin market and it's now several hundred dollars a vial. How? George W. Bush and Barack Obama's signature health care laws stated that the government wouldn't negotiate drug prices and, unsurprising to anyone who understands economics, the corporations who paid heavily to get that wording into law raised their prices, hurting Americans.
And every last fscker in Washington knows this. Biden's Inflation Reduction Act acknowledges it by stating that the Feds will start negitotiating drug prices....on 5 drugs in 2025 and up to 20 by 2030. Thanks for nothing.