Drug price gouging — an American story
To be American is a wonderful thing most of the time. There are moments, however, when it is downright humiliating. Can you imagine a more pitiful scene than a busload of Americans traveling 815 miles from Minneapolis to a Walmart in London, Ontario, Canada, to buy insulin at a 10th — a 10th! — of the price charged in the United States? Dollar-wise, the difference is not modest. In the U.S., one vial of insulin costs around $300. In Canada, it’s $30. From 2012 to 2016, drugmakers nearly doubled the U.S. price of a medication that was invented almost a century ago. Type 1 ...