In his statement, Bonta demanded they return millions of dollars to some diabetics who state officials say were overcharged for the medicine they must have to survive.The lawsuit, to be filed in Los Angeles County Superior Court by Bonta, is the latest in a parade of legal actions against these companies from states across the political spectrum — all who have accused the corporate giants of abusing their power to quash competition and boost their profits by keeping the price of insulin high.
A 2021 study by the RAND Corporation comparing the insulin prices of nearly three dozen countries found prices in the United States were about 10 times higher than everywhere else. The average price of a vial of insulin in the United States was $98, while in nearby Canada it was $12. Insulin manufacturers and prescription drug managers often blame each other for these higher prices. Mike DeAngelis, executive director of corporate communications for CVS Health, said the manufacturers alone set the list price for their products.
Insulin is made by the pancreas and is used by the human body to convert the food we eat into energy. People who have diabetes don't produce enough insulin. People with Type 1 diabetes must take insulin every day to survive. Today, Wren says he has good health insurance and doesn't have to ration his supply of insulin. He said he skirts the law each month by providing people insulin from someone else's prescription"all so that they don't have to ration."
What about the companies that promote pain killers and today are responsible for all the people in the streets dealing with their drug addiction?