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Re: Glad I don't live in the US of A
Quote:
Originally Posted by nomadking
The people in China pay more for Insulin than Australians, so how is a capitalist system to blame?
People are demanding different types (fast/slow acting, long lasting) and different delivery systems.
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Maybe because 3 companies manufacture 90% of all the world’s insulin, and they set the prices in each market?
https://www.t1international.com/blog...-so-expensive/
Quote:
1. Only 3 Companies Control 90% of the Global Insulin Market
The ‘big three’ insulin producers – Eli Lilly, Novo Nordisk and Sanofi – dominate more than 90% of the world insulin market by value. Often only one of these companies supplies insulin in a country, which means they more or less hold a monopoly there and can set prices as they wish. In some countries, notably China and India, there are domestic insulin companies that can help drive down the price.
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The Australian government subsidises their insulin.
https://www.news.com.au/lifestyle/he...2eb3e235657c6a
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Last edited by Hugh; 16-03-2019 at 10:00.
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