When looking at the history of insulin, it feels impossible to imagine that the cost of the medication would be such a problem today. Following the Inflation Reduction Act and reaction from private companies, some progress has been made in making insulin affordable to Americans, but considering how the discovery of insulin unfolded it is outrageous where we ended up in America.
Medication can be a powerful healing substance to treat or prevent disease, infections, and other health-related complications. However, medication cannot fulfill its purpose if it is not taken. There are many reasons why patients nationwide avoid taking it, simply from inadvertently neglecting or facing its side effects.
In 2020, healthcare spending in the United States increased by about 10% to $11,945 per person. The increase widened an already huge gap that too many of our legislators fail to include in their justifications of medical costs: the discrepancy in healthcare costs in the U.S. versus other high income countries.
The Prescription Justice Board of Directors recently approved a statement regarding Covid-19. The Board recognizes that Covid-19 infuses the crisis of high drug prices with greater life-and-death urgency.