The biohackers making insulin 98% cheaper #shorts

Today, over seven million Americans with diabetes use at least one form of insulin to treat the disease, but many are at risk of not getting the care they need. The American Diabetes Association reported that 25% of patients have turned to self-rationing their medication to deal with its ever-increasing price tag.

It’s estimated that a vial of insulin costs pharmaceutical companies five to six dollars to manufacture, but because of a complicated web of regulations those companies are able to sell vials for $180-400. And rising costs are nothing new. Insulin prices tripled from 2002 to 2013, and doubled between 2012 and 2016.

A group of dedicated biohackers believes that making insulin more accessible requires taking the monopoly away from the big three pharmaceutical companies that produce it. So they’ve started the Open Insulin Foundation, a non-profit with plans to develop the world’s first open-source insulin production model.

[SMM_NAA]

"Supply chain" is a nice way of saying corporate corruption.

[dertythegrower]

This is so messed up that those 3 companies do that...

[robinlaszlo]

Capitalism:you can't have a monopoly but three of them working together is fine.

[jonathanmeyer]

Insurance companies will find a way to stop that

[-beee-]

This team is changing the world for the better!

[Torpito]

These people are saving lives & helping people have a better life. We must protect them at all cost.

[marymitchell]

My son is a type 1 diabetic. Hell hath no fury like a mother protecting her child.

[Preinstallable]

The team is going to "go out of business under suspicious circumstances" sometime soon, I'm calling it

[Grabthar]

There is a large variety of insulin and insulin products. Some diabetics have unique conditions that require more expensive formulas. Novolin R is about 26$ per vial or 3 cents per unit. Humulin R Kwik Pen is $720 for two pens or 24 cents per unit. So there is a wide range.

[CptApplestrudl]

This has nothing to do with the supply chain if the rest of the world pays pennys for the same product in comparison.
It's just that the US doesnt have healthcare worth the name.

[Novacasa]

We could also fix our corporate hijacked government but at least this is doing something positive

[paranoiddroid]

Costs roughly a candy bar to manufacture 1 unit and yet they’re charging people a whole new car payment per month in order to survive.

[corvus]

A group of lightbulb companies did the same thing for years, consistently lowering the lifespan of their lightbulbs. That was until leds became commonly available

[xingx]

Why are companies allowed to severely make life worse for people like this?

[Mashhul]

Sharing all over the world?! Dude, just in the US insulin is so expensive...

[bob-rgvo]

And this company stopped doing it. Almost as if someone cough cough paid them to close down.

[alien-x]

I remember watching the full video around this time a year ago...and after realizing that I'm like Shock! 1 Year has already passed !!

[seasong]

This is the real power of DIY and communism.

[myownwebsite]

It is good for grid down, now make pennicilin

[amyjohoppins]

Sounds like another Ma Bell sich that needs to be addressed!