Why Do Insulin Prices Keep Rising?

The video discusses the high cost of insulin in the United States, despite its discovery being intended for widespread, affordable access. It covers the history of insulin, including its discovery by Frederick Banting and the ethical decision not to profit from it. The video explains the current market dynamics, where Americans pay significantly more for insulin due to market practices and lack of price controls. It also highlights the improvements in insulin formulations over the years and the challenges in accessing affordable insulin, including the absence of true generic options. The video concludes with a mention of congressional hearings addressing these issues.

What ethical stance did Frederick Banting take regarding the patent for insulin?

How has the price of insulin changed from 2012 to 2016 in the United States?

What advancements were made in insulin production in the late 1970s?

What are some reasons companies charge high prices for insulin in the United States?

What is the current situation regarding generic options for insulin in the United States?