Introducing 

Prezi AI.

Your new presentation assistant.

Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.

Loading…
Transcript

U.S citizen pharmaceutical spending

Another interesting statistic presented was the fact that Americans spend the most money on pharmaceutical drugs annually, 40% more than the country with the second highest pharmaceutical spending.

https://cdn.statcdn.com/Infographic/images/normal/3967.jpeg

The cost of living with diabetes

The everyday struggle that the victims of the pharmaceutical industry go through because of the senseless greed of this industry can only be described as outrageous. A journal entry from the Harvard business review showcased the price gouging going on within the pharmaceutical industry. It tells us that in 1950 2 researchers discovered the active ingredient in a drug to treat infantile spasms. A large corporation bought the rights to this drug in 2001 causing the price of it to rise from 40$ to 23,000$. This outrageous jump in price was completely unnecessary as the formula for insulin has hardly changed in the 70 years since its creation. The pharmaceutical industry's reasoning for its unreasonably high prices is usually based on their research and development costs; however, this makes no sense in the case of insulin as there is very little research or development being done to the drug.

The injustice that over 37 million people go through throughout the course of their lives. 37 million people have diabetes, that's over 10% of the U.S population, that’s 37 million people that have to pay 756 dollars a year with insurance. And if you cannot afford insurance you are looking at paying about 6000 dollars a year. The average cost of living in the United States was 27,804 dollars in 2022, so to afford just your insulin medication you are paying an average of 22% of your annual cost of living if you have no insurance.

Alex's story.

Next we can examine the tragic story of one of the many victims of the high price of insulin as presented by Julia Belluz of PNHP. Alex was an average person who suffered from diabetes like many others, who because of the exorbitant price of insulin actually died because of his type 1 diabetes. You don't usually hear of people dying because of diabetes primarily because of how manageable it is with insulin. Unfortunately for Alex, after losing his job the price of insulin became too much for him to afford. This led to him rationing his insulin which allowed the diabetes to go unmitigated and slowly kill him. Alex succumbed to his disease after not being able to afford his medicine which he needed to just live.

The origin of insulin

The creator of insulin “Frederick Banting '' did not want to patent insulin because he believed that his life saving drug should be accessible to all. He sold the patent for just one dollar, the patent eventually made its way into the hands of a large corporation who took full advantage of insulin's necessity to many and raised the prices of insulin. This story helps to display the greed and predatory nature of these companies that play to the idea of the selfless doctor while simultaneously preying on those selfless doctors and the patients they are trying to help.

My presentation

The greedy insulin epidemic

Subtitle here

By: James Evitts

Learn more about creating dynamic, engaging presentations with Prezi