Biden v. Diabetics: New Freeze on Trump’s Lower Cost Insulin and Epinephrine Rule Benefits Big Pharma

https://humanevents.com ^ | Human Events Staff | January 25, 2021

[Red Badger]

Big Pharma did not like Donald Trump, but they certainly like Joe Biden – especially now.

In an ongoing frenzy to undo everything Trump did over the last four years, Joe Biden froze a December rule aimed at lowering prescription drug prices for insulin and epinephrine.

On Thursday, Biden’s Department of Health and Human Services announced the new rule would be put on hold, along with several other Trump-era orders pending a 60 day review, The Federalist reports. Biden Chief of Staff Ron Klain directed federal agencies on Wednesday to pause orders that had been signed and published by Trump’s administration but not yet effective.

In December, 2020 Trump ordered community health centers deliver savings and discounts to low-income patients for the purchase of insulin and epinephrine in efforts to make high drug costs more affordable. Insulin is used to treat diabetes, which more than 20 million Americans struggle with every day, while epinephrine is used to treat allergic reactions.

Big Pharma hated Trump because one of his campaign promises was lowering the prices of important pharmaceutical drugs, which he tackled during his term. Trump’s “most favored nation” law aimed to lower prices in Medicare by linking the costs of certain medicines to cheaper prices in other developed countries. Obviously, Big Pharma strongly opposed the measure, arguing it would limit access.

The big three insulin producers are Eli Lilly and Company, Novo Nordisk A/S, and Sanofi S.A., in which they dominate more than 90% of the world insulin market by value, SWFI reports.

Indeed, these three companies will benefit greatly from the freeze.

Interestingly enough, during the 2020 election cycle Eli Lilly gave $138,880 to Joe Biden. Perhaps he is just returning the favor.

Biden has faced much scrutiny after the freeze, many wondering what is the point?

[SkyDancer]

We haven’t seen anything yet.

[Bob434]

nope- and big pharma wil l now increase their massive donations to the left- despicable o n their part- Trump was apparently the only president we’;ve had that cared about the people instead of pandering to mega donors

[RWGinger]

?
Biden and whoever pulls his string are EVIL and want Americans to die.

[V_TWIN]

If Trump is associated with it....IT. MUST. BE. DESTROYED!!!

[tflabo]

Jukebox Joe. Drop the coins in his chute and you get to play what you want.

[V_TWIN]

“Biden and whoever pulls his string are EVIL and want Americans to die”

I agree.....you are referring to obama and soros.....never doubt that.

[Pajamajan]

SMH

[RWGinger]

You are likely right.
I actually don’t think obama is smart enough but I know Soros is

[tflabo]

Big Pharma behind the scenes lobbied against the cheaper, well established Hydroxychloriquine Rx to Covid. $$$$$$$$$$

[SkyDancer]

What I was meaning was Biden is going to ruin America with his leftists policies ruling by EO's.

People don't realize what's involved in bringing a product to market including medicines/vaccines.

[blueplum]

all the more reason to order meds from Canada

[JGPhila]

Yesterday, I read that the Ute Nation in Utah viewed Biden's EO suspending drilling on federal lands as an assault on the tribe's soverignity. Thus, it seemed that Native Americans had been excluded from Biden's “Rainbow Coalition” of those who have been marginalized. Today, I read that 20 million Americans suffering from diabetes and allergic reaction will not get the benefit of a Trump Era rule lowering the prince of insulin and epenephrine. I guess another bit of the “Rainbow Coalition” has been shattered. Apparently, since Biden garnered more votes than Obama, he and his team feel like these groups are expendable. But, it seems Big Pharma is happy again.

[SkyDancer]

That increase then is on Biden.

[Navy Patriot]

China Joe to Diabetics: Die screaming!

[depressed in 06]

My Medicare Part D Eliquist for 30 days cost me $492.

[Captain Peter Blood]

In India the same medication is $50 cash

[depressed in 06]

I paid $24 for the same in December.

[Justa]

My meds went from $0 in December to over $1800 in January. Having my doctor find cheaper generics.

[Red Badger]

My Medicare is only A & B, and that’s what I had to pay. Eliquis for 30 days cost me $492, as well, two months in a row. I quit taking it after that...............