Nicole Smith-Holt's son, Alec, died of diabetic ketoacidosis in 2017. Diabetic ketoacidosis occurs when your body doesn't have sufficient insulin.
According to his mother, Alec was recently eliminated from the health insurance of his parents. That's about $300 less than the $1,300 he required to give for insulin.
He dispensed the rest of the insulin to wait until the next payday to buy the drug.
Not much has changed in the 5 years since Alec's death. The insulin price is still too high, which is a major problem to care for maximum Americans.
This month, the journal Health Affairs published a report that shows that 14% of people who utilize insulin in the US face so-called "catastrophic" level of medication expenses.
That means they spend at least 40 percent of their remaining earnings on insulin after paying for other necessities like housing and food.
Insulin- 40 percent
Insulin- Dr. Robert Gabe
According to Dr. Robert Gabe, people who don’t have insurance may spend thousands of dollars on medications a month, which often need various vials a month.
Drug companies may often offer out-of-pocket insulin cost-cutting plans for uninsured and insured patients, but the financial load will remain for some.
Insulin- Drug companies
Dr. Kevin Riggs said, high costs may be due in part to “evergreening,” a method by which insulin companies incrementally improve their products to increase their patients' life.