Biohackers take aim at big pharma’s stranglehold on insulin

Re:Biohackers take aim at big pharma’s stranglehold on insulin by chiefalchemist on Monday June 28, 2021 @05:01PM (#27668067)

> This is (mostly likely) a rent-seeking situation where a few providers who are allowed in the market are milking it for all the profit they can.

That is also known as demand. They do because they can.

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Re:Biohackers take aim at big pharma’s stranglehold on insulin by skohan on Tuesday June 29, 2021 @02:37AM (#27672586)

Many of your comments reflect a misunderstanding of basic economics

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Re:Biohackers take aim at big pharma’s stranglehold on insulin by chiefalchemist on Wednesday June 30, 2021 @07:21AM (#27687217)

I'm the downvotee. I think they understand economics. Who doesn't? What they refuse to admit is:

1) Healthcare is a limited resource, like anything else.

2) Prevention, which few if any "leaders" highlight, is a viable alternative to healthcare price increases.

Are there there some nefarious undercurrents? Yes, of course. But to blame all our ills - and remove diet, lifestyle, etc. - on ever increasing demand only makes the current system stronger. People who believe they have no control aren't part of the solution.

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Re:Biohackers take aim at big pharma’s stranglehold on insulin by skohan on Wednesday June 30, 2021 @02:08PM (#27691707)

I recommend reading up on the laws of supply and demand.

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