4.2 • 1.5K Ratings
🗓️ 29 April 2025
⏱️ 29 minutes
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A century after its discovery, insulin remain essential in treating diabetes, and has a relatively low production cost, with a vial generally costing less than $6 to make. But those in the US pay on average 10 times more than those in other countries— leading some patients to take less than prescribed. Kiah Williams takes a look at the US supply chain to explore why medications are so expensive. [Directed by Tolga Yıldız, Serin İnan, Kozmonot Animation Studio, narrated by Christina Greer, music by Tolga Yıldız].
After the talk, Shoshana interviews Dr. Hussain Lalani on his research into improving access to affordable prescription drugs.
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0:00.0 | This is TED Health, a podcast from the TED Audio Collective, and I'm your host, Dr. Shoshana Ungerleiter. |
0:09.7 | If you've ever been shocked by the price of a prescription, you're not alone. |
0:14.7 | In the U.S., the price of medications can feel like a mystery, one with sky-high stakes. |
0:23.5 | Take insulin, for example. It costs just a few dollars to make, yet some patients are forced to ration it because of soaring prices. How did we |
0:29.5 | get here? And more importantly, what can we do about it? Today's TED-Ed lesson unpacks the |
0:35.5 | tangled web of drug pricing, exposing the hidden players who drive up costs, and the steps that we can take to push for change. |
0:43.5 | Because when it comes to staying healthy, access shouldn't be a privilege. |
0:48.1 | Then stick around after the talk for an interview with Dr. Hussein Lalani, an instructor of medicine at Harvard Medical School, and |
0:54.8 | an expert in prescription drug pricing and access to affordable medications. But before we |
0:59.9 | dive in, a quick break to hear from our sponsors. And now for your TED-Ed lesson of the day. |
1:14.2 | After helping develop the first insulin therapy in 1921, Canadian physician Frederick Banting |
1:20.0 | transferred his patent rights to the University of Toronto for $1, stating that insulin |
1:25.1 | belonged to the world, not to him. |
1:32.3 | A century later, insulin medications remain essential in treating diabetes and have relatively low production costs, with a vial generally costing less than $6 to make. |
1:37.3 | But how much it costs a patient to buy varies greatly by country. |
1:41.3 | Those in the U.S. may pay thousands for insulin annually. On average, |
1:45.2 | ten times more than those in many other countries, leading some patients to take less than |
1:49.8 | prescribed. And this is part of a much larger trend. Let's take a look at the U.S. drug supply |
1:54.8 | chain to understand why. First, there's research and development, which ranges widely in |
2:00.2 | cost, depending on the drug. |
2:02.2 | Expenses incurred by the many drugs that don't make it to market also need to be factored in here. |
2:07.7 | And almost every approved drug has been subsidized by taxes. |
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