“This is the United States of America, for God's sake.
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“Others have simply not filled prescriptions that the doctor had given, tried to use over-the-counter drugs or pills cut in half, because they can’t afford the cost of the prescription,” Biden said. The same poll found that 79% of Americans say the cost of drugs is “unreasonable” in the United States. “Everyone has less money in their pockets today because of high drug prices, drug costs and health insurance and it's more expensive for everyone.”Īccording to a 2019 Kaiser Family Foundation study, 24% of adults and 23% of seniors said it was “difficult” for them to afford their prescription medication. “In America, we pay the highest prescription drug prices of any nation – developed nation – in the world,” Biden said Thursday. The formula of the most commonly used versions of the drug have not been changed in over 20 years. The price of analog insulin - used to help the body convert glucose into energy - has skyrocketed “inexplicably” over the past two decades, the clinic says, shooting up from an average price of $21 in 1999 to $332 in 2019. Insulin typically costs ten times more in the United States than in any other developed country, according to the Mayo Clinic. This does not include the insulin pump supplies, emergency glucagon, monitoring or test strips.”īiden subsequently told the Davis family that “lowering the cost of prescription drugs is important and giving families like yours just a little bit more breathing room makes a gigantic difference.” “Even with insurance, we currently spend between six and seven thousand dollars a year,” she said in part. Shannon Davis, whose husband is also diabetic, detailed the exorbitant expenses her family faces each year just to stay alive. I don’t have a choice whether or not to use it.” “I have to be careful with my bottles of insulin because they can break very easily and, well, I am a 12-year-old boy,” Joshua said to laughter, adding: “I'm thankful that insulin was invented because it is my life support.
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The president was introduced by Shannon Davis and her 12-year-old son, Joshua Davis, who at 11 months old was diagnosed with Type 1 diabetes.