Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Friday, July 19, 2019 02:25:55 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

High insulin costs come under fire

By
24th-Apr-2019       
Comments
Share your thought
Post a comment »
Read all () »

Health Desk :

For many Americans, the cost of lifesaving insulin is simply too high, leading as many as one in four to ration the drug, experts testifying before the House Committee on Energy and Commerce said this week. The meeting focused primarily on defining the problem and exploring potential solutions, such as lowering the list prices of insulin and increasing transparency so that anyone can see who is paying what in the complicated insulin supply chain.
"The price of insulin has doubled since 2012, after nearly tripling in the previous 10 years," said Rep. Diana DeGette (D-CO), co-chair of the house Diabetes Caucus. "We've been hearing stories and reading disturbing news reports for too long. People are skipping doses, failing to pay rent or buy groceries, and even resorting to an insulin black market to afford their insulin," she noted.
What's behind the stunning rise in insulin prices?
That's not yet clear. The American Diabetes Association (ADA) formed a working group to try to tease out the root causes behind the soaring prices. The ADA's group found there was little transparency in pricing throughout the insulin supply chain. Dr. William Cefalu, chief scientific, medical and mission officer for the ADA, repeatedly called for increased transparency during the meeting.
Right now, no one knows exactly how much each intermediary (wholesalers, pharmacy benefit managers and pharmacies) in the supply chain benefits from the sale of insulin. Information about how much manufacturers end up getting paid for insulin also isn't publicly available. The current system encourages high list prices (and that's the price someone without insurance or who has a high deductible is often stuck paying), according to experts testifying at the meeting.
"There is plenty of blame to go around," testified Dr. Alvin Powers, director of the Vanderbilt Diabetes Center. But the need to address this growing problem is urgent, he said, adding that, "Our insulin supply chain is broken, unfair and dangerous."
He explained that, as a physician, he has no idea what his patients will be asked to pay when he writes a prescription. Even with electronic health records, that information isn't available to him.
PhRMA, a trade industry association for the pharmaceutical companies, has proposed several solutions to make insulin more affordable. One suggestion is to offer insulin with a flat co-pay. Another is to exclude insulin and other medications for chronic disease from the deductible in high-deductible health plans, and begin paying for those medications before a deductible has been met. The group also recommends reforming the current rebate systems, and when rebates are available, they suggest those payments should be passed directly on to patients.
And on Wednesday, pharmacy benefit management giant Express Scripts announced that out-of-pocket costs for insulin could be restricted to $25 a month for people under a new drug benefit plan. The average monthly savings for workers whose employers adopt the company's plan would be about $16 a month, The New York Times reported.

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

China funded projects: Delay would create problems


A JOINT working group has been formed to probe the slow progress of the 27 projects involving around $20 billion that China had agreed to provide during President Xi Jinping's Dhaka visit in October 2016. China has so far disbursed only $981.36 million -- less than 5 percent of the ...

Football »

Infantino reacts to Blatter criticism over Africa cleanup


AP, Cairo :FIFA president Gianni Infantino hit back at Sepp Blatter's criticism of the world soccer body's cleanup operation in Africa as a modern-day form of "colonialism."Infantino response on Thursday was: "I have to laugh about it."Blatter, the former head of FIFA who is serving a six-year ban from soccer, ...

City »

A vital portion of highway in Uttara near Armed Police Office is in dilapidated condition where big potholes and cracks following incessant rains for the last few days and works relating to metro-rail project, other development works. This photo was taken on Thursday.


International »

US against any country purchasing Russia's S-400 defence system: Pentagon


PTI, Washington :The US is keen to make its defence partnership with India stronger, the Pentagon has said, but made it clear that it is against any country purchasing military equipment, including the S-400 missile defence system from Russia, that is designed to counter America's sophisticated fifth-generation aircraft.The remarks by ...

International »

Sea-Watch captain Rackete faces Italian prosecutor over migrant rescue


AFP, Agrigento :German captain Carola Rackete, who sparked international headlines by forcibly docking in an Italian port with rescued migrants, faces questioning by an Italian prosecutor on Thursday over allegedly aiding illegal immigration.The captain of the Sea-Watch 3 is expected to be questioned in the southern Sicilian town of Agrigento ...

Entertainment »

Poppy supports Bobita’s remark


Entertainment Report :Nick name of internationally acclaimed film actress Bobita is Poppy. Due to acting in the big screen Bobita had to sacrifice her name Poppy. On the other hand, after starting acting in movies Poppy could keep her original name. Poppy sometimes feels pleasure when she recalls the original ...

Editorial »

Ensure hassle-free higher education for them


THE results of this year's Higher Secondary Certificate and equivalent examinations under country's 10 education boards were announced yesterday where the combined pass rate rose by 7. 29 percent - that means it's now 73.93 per cent from last year's 66.64 per cent. The number of GPA-5 achievers in the ...

City »

Students of the city`s Motijheel Ideal School and College exulting over the brilliant results of the HSC examination. The snap was taken from the premises of the institution on Wednesday.


.

International »

China gifts military warship to Sri Lanka in sign of deepening cooperation


PTI, Beijing : China has gifted a warship to Sri Lanka, in the latest sign of its deepening military cooperation with the strategically located island nation in the Indian Ocean. Also, China's rolling-stock manufacturer has announced that it would shortly deliver nine "new type" of diesel trains to Sri Lanka.The China-gifted ...

Entertainment »

Peya Bipasha`s Eid telefilm Opekkha


Sheikh Arif Bulbon :Gleaming model and actress Peya Bipasha has recently acted in an Eid telefilm titled Opekkha under the direction of Maksudur Rahman Bishal. This was Peya’s first work for the upcoming Eid. In the telefilm, Peya Bipasha will be seen against Emon on the screen. Promising TV actress ...

Editorial »

Accidents at level crossings


A newly-married couple and eight others of the bridal party were killed when a Dhaka-bound train rammed their microbus at an unmanned level crossing in Sirajganj's Ullapara upazila on Monday evening. The fatal accident has spoiled unmet dream of the couple. It's due to utter negligence of the Railway Authorities ...

Football »

Argentine sport court member advices Messi to apologize


AP, Buenos Aires :Lionel Messi should apologize for his harsh comments at the Copa America in order to avoid a sanction, an Argentine member of sport's highest court said on Monday.Following defeats in the last two finals, Messi had another frustrating end to the tournament when he was sent off ...

International »

Government restrictions on religion increasing worldwide


AP, New York  :Government restrictions on religion have increased markedly in many places around the world, not only in authoritarian countries, but also in many of Europe's democracies, according to a report surveying 198 countries that was released Monday.The report released by the Pew Research Center, covering developments through 2017, ...

International »

Erdogan hails S-400 deal as Turkey marks 2016 coup bid


AFP, Istanbul :President Recep Tayyip Erdogan on Monday hailed the controversial delivery of a Russian missile defence system despite the threat of US sanctions, as Turkey marked the third anniversary of a bloody coup attempt.Just days before the anniversary, the first batch of the Russian S-400 defence system was delivered ...

Business & Economy »

HMD Global launches two Nokia Smart Phones


Economic Reporter :HMD Global, the home of Nokia phones, launched Nokia 3.2 and Nokia 2.2 in Bangladesh.The Launching ceremony was held at a city hotel on Tuesday.  Farhan Rashid, Head of Business of HMD Global Bangladesh, Raquibul Kabir, Managing Director of Union Group, Syed MostahidalHoq, Managing Director of Daraz Bangladesh ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news