Insulin Prices Fall, Democrats Respond With Denial
For years, the left’s campaign to dictate the price of prescription drugs has focused on one medicine above all others — insulin.
The hormone was discovered more than a century ago by Canadian doctor Frederick Banting and his medical student Charles Best. They famously sold their patent to the University of Toronto for $1 apiece. How can insulin still be a financial burden for some of the people with diabetes who need it?
This problem motivated the $35 insulin price cap for Medicare enrollees, which was put in place by the 2022 Inflation Reduction Act. It’s why, back in 2019, Sen. Bernie Sanders, I-Vt., took a caravan of people with him to Canada to purchase price-controlled insulin north of the border.
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