Bernie Sanders is going after insulin makers over price hikes (USA)

[Northerner]

Senator Bernie Sanders is going after insulin makers.

On Tuesday, Sanders posted a series of tweets calling out the companies that make insulin, in particular Eli Lilly and Novo Nordisk for their "greed" and "outrageous profits."

Insulin is a hormone that helps people absorb and process the sugar in food. Roughly 1.25 million people in the US who have Type 1 diabetes need to inject insulin to live, as do some people with Type 2 diabetes, the more common form.

The price of Humalog, a fast-acting insulin made by Lilly, has gone up about 280% since 2006. Its competitor, Novolog, Novo Nordisk, has gone up the same amount.

Lilly's stock fell about 1.5% after he began sending the tweets.

http://uk.businessinsider.com/bernie-sanders-criticizes-insulin-price-hikes-2016-11?r=US&IR=T

 

[mikeyB]

I'm sure this is a cartel, just profiteering from its two cash cows, Obamacare and the NHS.

 

[grovesy]

I saw a tweet on Twitter yesterday , and retweeted!

 

[Rosiecarmel]

I saw a tweet on Twitter yesterday , and retweeted!

That's a tongue twister LOL

 

[Jonsi]

Reading the article it would appear that a link or links in the supply / delivery chain is the reason the prices have risen rather than the manufacturers increasing prices.

 

[trophywench]

Well we have no need whatever of most of the people they cite as wanting a greater cut, since here they only have ONE customer - ie the NHS.

But if the Conservative Party get their way, looks likely in future that we'll see a 700% increase in prices too!

I think whoever said 'Be careful, choosing what you wish for!' needs to be listened to.