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Insulin Prices Fall, Democrats Respond With Denial – Pacific Research Institute

Insulin Prices Fall, Democrats Respond With Denial

Portrait,Of,An,Handsome,Pharmacist,At,Work

For years, the left’s campaign to dictate the price of prescription drugs has focused on one medicine above all others — insulin.

The hormone was discovered more than a century ago by Canadian doctor Frederick Banting and his medical student Charles Best. They famously sold their patent to the University of Toronto for $1 apiece. How can insulin still be a financial burden for some of the people with diabetes who need it?

This problem motivated the $35 insulin price cap for Medicare enrollees, which was put in place by the 2022 Inflation Reduction Act. It’s why, back in 2019, Sen. Bernie Sanders, I-Vt., took a caravan of people with him to Canada to purchase price-controlled insulin north of the border.

Click to read the full article in Newsmax. 

Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.

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