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What Next: Why Insulin Prices Keep Rising

Slate News

Slate Podcasts

News, News Commentary, Politics

4.66K Ratings

🗓️ 1 March 2023

⏱️ 24 minutes

🧾️ Download transcript

Summary

It’s a rare bi-partisan point of agreement: the price of insulin is too high—and it’s still rising. With the stakes literally life-or-death for millions of Americans, what can be done? Guest: Bram Sable-Smith, Midwest correspondent for Kaiser Health News. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get benefits like zero ads on any Slate podcast, bonus episodes of shows like Slow Burn and Amicus—and you’ll be supporting the work we do here on What Next. Sign up now at slate.com/whatnextplus to help support our work. Make an impact this Women’s History Month by helping Macy’s on their mission to fund girls in STEM. Go to macys.com/purpose to learn more. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

At the state of the Union address, President Joe Biden shouted out one constituency in particular.

0:12.0

One in 10 Americans has diabetes. Many of you in this chamber do, and then the audience.

0:18.9

But every day millions need insulin to control their diabetes so they can literally stay

0:24.0

alive.

0:26.6

Biden also had some choice words for the drug companies involved in that business.

0:32.6

It costs the drug companies roughly $10 a mile to make that insulin. Package in an

0:39.8

all and you may get up to $13. But big pharma has been unfairly charging people

0:45.4

hundreds of dollars, four to five hundred dollars a month, making

0:49.6

record profits. Not anymore.

0:59.6

The fact is, the price of insulin has gone up dramatically, more than a thousand percent

1:05.3

in the last 20 years. Bram Sable Smith was diagnosed with type 1 diabetes about 11 years

1:12.0

ago. And even with insurance coverage, he's noticed the cost of his own insulin creep

1:17.9

up over that time.

1:19.9

You know, my first vial of insulin cost me about $25 after insurance. That was in 2011.

1:27.4

And then time went on. In 2016 or so, I was paying over $100 for my monthly supply

1:33.4

of insulin. That was two vials of insulin. So there I'm seeing it right there in my life.

1:38.4

Bram reports for Kaiser Health News. And living with the chronic disease means there are

1:46.1

times when his life starts to intersect with his work. Last year, he wrote an article

1:51.6

titled, I write about America's absurd health care system. Then I got caught up in it.

1:57.9

The story Bram tells and the article is infuriating. For people suffering from diabetes, it's

2:03.6

also not so uncommon. After he moved to start a new job, Bram had trouble getting a hold

2:09.7

of more insulin. When he called up the pharmacy to get things sorted, he learned that his

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