http://www.nytimes.com/2014/04/06/health/even-small-medical-advances-can-mean-big-jumps-in-bills.html?_r=0
Some quotes that really struck me:
- Dr. Spencer Owades, a dentist in suburban Denver with Type 1 diabetes, said he was shocked to discover that his test strips — which cost just pennies to make — were priced at $1.50 apiece when he ran out and had to buy them at a pharmacy. He usually received them in the mail through his insurer and uses five to 10 a day.
“It’s a printer model,” he said, “where the printer is cheap, but they get you on the cartridges.” He added: “But if you have diabetes, they have you over a barrel.”
- Mr. Kliff, the financial analyst, said some companies were no longer willing to sell in Germany as ever-tougher price negotiations have eaten into their margins. “I’m not saying they can’t make money there — they can,” he said. “But they can’t make the kind of money they make in the U.S.” He added that diabetes treatments remained highly profitable in the United States; insulin, for example, yields profit margins of around 70 percent.
I feel fortunate to have insurance at this time and for the American Care Act. But with the current state of the economics behind chronic illness, without either there would be no way I could continue following my dreams, much less any dream except paying for health supplies. I don't even want to imagine how much all of this will cost five to ten years from now without insurance.
Also, f.y.i. most insurance companies don't cover AAA batteries or the inserter of the Insulin Pump Infusion Set. Without the inserter you can't receive insulin into your body and without the batteries the pump doesn't run at all.
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