The rising prices of insulin has lead diabetes patients to cut back on insulin or to buy it on the black market putting them at risk of dangerous injury and even death. In 1996, a vial of Humalog insulin cost $21, it now costs close to $400. While the price of milk increased by 23%, over the last 20 years, the price of insulin increased by 1150%.
A mother interviewed by CBS New York said that even though she has insurance for her diabetic daughter, she has to pay $1300 out of pocket every 3 months. Other patients are turning to the black market where they can find insulin for much cheaper. This practice is dangerous as unscrupulous dealers might sell fake products that can have deadly consequences.
A recent study by Yale researchers also found out that many patients are cutting on their insulin dose to try to save money. As a result they are exposing themselves to dangerous levels of glucose in the blood which ultimately can lead to death.