Case in point: insulin, a drug that has not changed substantially in almost a century, now costs so much that Eli Lilly is getting press for producing a generic that “only” costs $137 per vial, which is half of the name-brand price ($275). In 1996, insulin cost $21 per vial. Inflation isn’t that ridiculous, and according to CNN the cost for manufacturing insulin for a person for an entire year is about what it costs to buy one of these new generic vials.
https://www.cnn.com/2019/03/04/health/insulin-price-humalog-generic-eli-lilly-bn/index.html
Prices are going up simply because they can. There is no market force demanding that insulin cost over 13 times what it did less than 25 years ago besides corporate greed. After all, what are people going to do, not take their insulin?
Oh, wait.
