[In the 1960s, my dad’s pharmacy sold insulin for about $2.50 a vial. Today the price is 20 times as much, while the general price level has gone up ‘only’ 10+ times. I expect the price rise disparity is due largely to regulation and to mostly government 3rd party payers like medicaid. -Bob]
By Thomson Reuters – Re-Blogged From Newsmax Health
A global diabetes epidemic is fuelling record demand for insulin but tens of millions will not get the injections they need unless there is a dramatic improvement in access and affordability, a new study concluded on Wednesday.
Diabetes — which can lead to blindness, kidney failure, heart problems, neuropathic pain and amputations — now affects 9 percent of all adults worldwide, up from 5 percent in 1980.