The context is how politicians distort everything. It's like whenever they talk about sea level rise, it's always about some city like Miami or New Orleans that is sinking into the ocean already, even without global warming's help. Pointing this out isn't a denial of global warming, it's pointing out how we can't talk about the issue without exaggeration. Mankind's carbon emissions are indeed causing sea level to rise, but we should be talking about how this affects average cities, not dramatizing the issue with the worst cases.
The same it true of health care. It's a flawed system that needs change. But we don't discuss the people making the best of all bad choices. Instead, we cherry pick those who made the worst possible choice, and then blame the entire bad outcome on the system.
My tweet is in response to this Elizabeth Warren reference to a story were somebody chose the worst of several bad choices:
No one should have to choose between medication or housing. No one should be forced to ration insulin and risk dangerous complications. We need #MedicareForAll—and we need to tackle corruption and price gouging in drug manufacturing head on. https://t.co/yNxo7yUDri— Elizabeth Warren (@ewarren) September 23, 2019
My tweet is widely misunderstood as saying "here's a good alternative", when I meant "here's a less bad alternative". Maybe I was wrong and it's not "less bad", but nobody has responded that way. All the toxic spew on Twitter has been based on their interpretation that I was asserting it was "good".
And the reason I chose this particular response is because I thought it was a Democrat talking point. As Bernie Sanders (a 2020 presidential candidate) puts it:
“The original insulin patent expired 75 years ago. Instead of falling prices, as one might expect after decades of competition, three drugmakers who make different versions of insulin have continuously raised prices on this life-saving medication.”This is called "evergreening", as described in articles like this one that claim insulin makers have been making needless small improvements to keep their products patent-protected, so that they don't have to compete against generics whose patents have expired.
It's Democrats like Bernie who claim expensive insulin is little different than cheaper insulin, not me. If you disagree, go complain to him, not me.
Bernie is wrong, by the way. The more expensive "insulin analogs" result in dramatically improved blood sugar control for Type 1 diabetics. The results are life changing, especially when combined with glucose monitors and insulin pumps. Drug companies deserve to recoup the billions spent on these advances. My original point is still true that "cheap insulin" is better than "no insulin", but it's also true that it's far worse than modern, more expensive insulin.
Anyway, I wasn't really focused on that part of the argument but the other part, how list prices are an exaggeration. They are a fiction that nobody needs to pay, even those without insurance. They aren't the result of price gouging by drug manufacturers, as Elizabeth Warren claims. But politicians like Warren continue to fixate on list prices even when they know they are inaccurate.
The culprit for high list prices isn't the drug makers, but middlemen in the supply chain known as "pharmacy benefits managers" or "PBMs". Serious politicians focus on PBMs and getting more transparency in the system, populist presidential candidates blame "Big Pharma".
PBMs negotiate prices between insurers, pharmacies, and drug makers. Their incentive is to maximize the rebates coming back from drug manufacturers. As prices go up, so do rebates, leaving the actual price people pay, and the actual price drug makers earn, unchanged. You can see this in the drug makers' SEC profit/loss filings. If drug makes are "price gouging", it's not showing up on their bottom line.
It's PBMs that have the market power. The largest PBMs are bigger than the largest drug manufacturers, as the Wikipedia article explains. They are the ones with the most influence on prices.
PBM's primary customer is insurance companies, but they'll happily do business with the uninsured. Free drug discount cards are widely available. There's also websites like GoodRX.com that do the same thing. You don't need to pay them money, or even sign up with them. Simply go to the site, search for that expensive insulin you need, and print out a free coupon that gives you 50% to 80% off at your local pharmacy.
The story cited by Elizabeth Warren claims the drug in question cost $275, but according to GoodRX, it can be gotten for $68.
|This coupon is good for buying lispro at Walgreens in Georgia, maybe elsewhere
The point wasn't to argue drug policy. That's the underlying misunderstanding here, that I'm arguing either a Democrat or Republican side of the health debate. Instead, I'm arguing against both Republicans and Democrats. I have little opinion on the issue other than I'd like to emulate well-run countries like Singapore or Switzerland. I'm simply pointing out that whenever I investigate politician's statements, I find inaccuracies, exaggerations, and deliberate deceptions.
Maybe I'm wrong and Warren's tweet wasn't exaggerated, but that still doesn't justify the toxic spew.
What's interesting about this is how those who most decry toxic behavior on Twitter were among the most toxic in their response. Toxicity isn't a property of what you do, but of which side you are on when you do it. Threats of violence are only bad when targeting "good" people, not when targeting bad people like me.