ATROCIOUS big pharma price gouging of insulin:

This crying mother can’t afford the $1000 for her son’s insulin.

📌yet, it only costs pharma $5 to produce.

📌Insulin was invented 100 years ago by Fred Banting—who donated patent for $1 to make it free for all.

Let that sink in.
2) Insulin is one of the most disgusting cases of price gouging ever.

America has long taken a free market approach to pharmaceuticals.
Drug companies haggle separately over drug prices with a variety of private insurers across the country...…
3) “Meanwhile, Medicare, the government health program for those over age 65 — it’s also the nation’s largest buyer of drugs—is barred from negotiating drug prices. That gives pharma more leverage, and it leads to the kind of price surges of EpiPens, opioid antidotes, & insulin.”
4) In 2018:
Johnson & Johnson CEO made $30M
Pfizer CEO made $28M
Merck CEO made $18M
Eli Lilly CEO made $16M
Gilead CEO made $16M


📌Americans spent $535B on Rx drugs

📌1/4 of diabetics rationed insulin to survive

📌500K Americans went bankrupt from medical bills.
5) What’s the right price patients should pay for medications? ZERO dollars, because no copay ==> more patients get their medicine ==> saves lives and saves money. Copays decrease adherence, and copays hurt patients who actually need them.
6) Yet, America has the highest rate of skipping drugs -- 1 in 6 patients!!! It’s shameful how much Americans have to skip their prescription medicine compared to other countries that pay much less and have zero copays.…
7) Not just insulin, parents of kids with allergies are forced to shell out $600 for EpiPen because it is a matter of life and death. Here is a dark story about Mylan, the EpiPen maker who pharma jacked up the price from a few $ to $600.
8) First, Mylan didn’t even invent epinephrine, which is simply our human hormone, better known as *adrenaline*, packaged into an 💉 injector (not some wild invention), invented by scientists paid by taxpayers. But big pharma gets to hold parents of kids with allergies hostage.
9) Even worse, Mylan was also recently ***criminally charged*** by Department of Justice for outright fraudulent EpiPen billing, and fined $465 million for its corruption.…

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Eric Feigl-Ding

Eric Feigl-Ding Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @DrEricDing

15 Jan
BREAKING—We are out of vaccine reserves! Trump HHS Sec Azar announced this week that the govt would begin releasing #COVID19 vaccine doses held in reserve for 2nd shots—but no such reserve existed!! Trump HHS had already shipped out reserves end of Dec!… Image
2) “Now, state and local officials across the country are realizing their limited vaccine supply will not immediately increase, dashing hopes of dramatically expanding access for millions of people.”
3) “Health officials in some cities and states were informed in recent days about the reality of the situation, while others are still in the dark.
Read 8 tweets
15 Jan
The Brazil 🇧🇷 Manaus #COVID19 epidemic is getting epically worse. And many scientists suspect it might be because of the new Brazil P1 variant of #SARSCoV2, which has many multiple mutations. Quick thread 🧵…
2) Brazil has been hit really hard already. In Oct 2020, someone estimated Manaus 🇧🇷 already have hit potentially 76% already infected — some saying it’s basically been plowed so hard, it’s now at herd immunity levels (getting there the dangerous way).…
3) yet suddenly mortality is suddenly spiking again after a period of relative flatness. And Manaus is even skews younger than other areas. So this is odd....…
Read 19 tweets
15 Jan
BREAKING—Federal prosecutors in TX charge AF (Ret) Lt Col Larry Rendall Brock Jr. who stormed the Capitol carrying plastic zip-tie handcuffs. “He means to take hostages. He means to kidnap, restrain, perhaps execute members of the U.S. government”.… Image
2) On the day do the Capitol Siege, he said “Patriots on the Capitol. Patriots storming. Men with guns need to shoot their way in.”
3) White privilege: the judge released him meantime to home confinement with “limited internet”. 🤦🏻‍♂️
Read 5 tweets
15 Jan
Sorry, Q Shaman, Trump can’t pardon your insurrection, no matter how much you beg. Nope nope nope. It’s in the US Constitution.

Organic food, keep enjoying them.… Image
2) No pardon for the “caveman” either.
3) Nor any pardon for the hypocritical firefighter.
Read 5 tweets
15 Jan
TRUMP RULE TO OUST CAREER SCIENTISTS—Last ditch effort by Trump WH to enact term limits and mandate “5 year reviews” for career US govt scientists (like Fauci) so they can be removed or reassigned by political managers. Disgusting but true to form.…
2) “Current and former officials say the last-minute rule could tempt top public health officials to maintain their jobs through political jockeying, at a time of cratering public confidence in agencies’ independence.
3) ““It’s been a step-by-step escalation in retaliation by HHS against career scientists throughout the pandemic,” said a current senior administration official, blaming HHS Secretary Alex Azar for the last-minute moves. “It’s a clear abuse of power by Azar.”
Read 7 tweets
15 Jan

“The crisis of deep human suffering is in plain sight. There’s no time to waste. We have to act, & act now.

Since pandemic began: wealth of the top 1% of the nation has grown roughly $1.5 trillion—4x the amount for the entire bottom 50%.”
Who else is crying??? ^^^
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!