Anxious-Shapeshifter

Anxious-Shapeshifter t1_j08mvxo wrote

Right? They only kept it for Medicare because the government was going to be paying for it. And if it's their spending money they get involved. You'd think it would be counter intuitive for them, seeing as a large portion of their voter base are older baby boomers who likely need cheaper insulin. Buuuut I digress.

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Anxious-Shapeshifter t1_j08imkl wrote

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Anxious-Shapeshifter t1_j08gfju wrote

Man, its comments like that make all of us Millennials look like uninformed dick cheese.

But I'm an optimist, so here's that "I'm Just a Bill" cartoon from Schoolhouse Rock that I HOPE you've seen in school so you learn how the democratic process in America works.

https://www.youtube.com/watch?v=tyeJ55o3El0

Because that's what caused the insulin cap to be removed from the bill. The House (that's the Congress btw) passed it in March, but the Senate GOP fought to have it removed before they would vote on it. So it was removed, they voted and it passed without it.

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Anxious-Shapeshifter t1_j08fkfx wrote

Yes the republicans fought to strip it from the bill. Its why it took months longer to pass.

Currently, its only capped if you're on Medicare. Why? Because the government pays for it if you're on Medicare. But for everyone else? They're fucked.

But here's your sources... I think this is every major news site.

https://www.cnn.com/2022/08/07/politics/insulin-cap-democrats-reconciliation-bill/index.html

https://www.cnbc.com/2022/08/07/republicans-block-cap-on-insulin-costs-for-many-americans-from-democratic-deal.html

https://thehill.com/homenews/senate/3591586-democrats-fail-to-overrule-parliamentarian-on-insulin-price-cap-as-gop-votes-no/

https://www.nbcnews.com/health/health-news/republicans-block-insulin-price-cap-really-gone-rcna42177

https://www.benefitspro.com/2022/08/16/35-insulin-cap-removed-from-democratic-bill-pack

https://www.nytimes.com/2022/08/07/us/politics/insulin-cap.html

https://www.axios.com/2022/08/07/insulin-price-cap-reconciliation

https://www.washingtonpost.com/health/2022/08/08/insulin-price-cap-diabetes-senate-republicans/

https://www.cnbc.com/2022/08/16/inflation-reduction-act-to-cap-costs-for-medicare-patients-on-insulin.html

https://fortune.com/2022/08/07/gop-strips-insulin-out-of-pocket-cap-from-bill-republicans-have-just-gone-on-the-record-in-favor-of-expensive-insulin/

https://www.cbsnews.com/news/insulin-price-cap-senate-republicans-block-inflation-reduction-act/

https://thehill.com/policy/healthcare/3547575-democratic-drug-pricing-bill-removes-insulin-cost-cap-amid-bipartisan-push/

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Anxious-Shapeshifter t1_j07c35z wrote

Yeah . . . That was removed from the bill.

And is unfortunately a perfect example of this person's point.

In Economics, this is what's considered an "inelastic demand" meaning that if the alternative is death, pharma can charge whatever they want, and people will pay it.

Like that movie Repo Men were they took artificial organs out of people when they couldn't afford the insane debt they took out to get them. The prices were insane because the alternative was death.

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