Drug Pricing | Patriot Act with Hasan Minhaj | Netflix - Summary

Summary

A possible concise summary is:

The transcript is from a comedy show that exposes the problem of high drug prices in America, focusing on insulin as an example. The show explains how drug companies, pharmacy benefit managers, insurance companies and the government are all involved in a complex system that keeps prices high and profits higher. The show also reveals how people with diabetes suffer from the lack of affordable insulin and resort to risky measures like rationing, buying from the black market or crossing the border. The show urges Congress to use its power to break patents and lower drug prices, and ends with a quote from rapper Ghostface Killah, who is also diabetic, calling for justice.

Facts

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1. Scientists in South Korea achieved a nuclear fusion reaction at 100 million°C for 30 seconds in 2022.
2. America pays the highest drug prices in the world and millions of Americans need insulin to survive.
3. Insulin was discovered by Canadian researchers in 1921 and sold for a dollar each.
4. Three companies own the majority of insulin patents and have raised the prices in lockstep over the years.
5. Pharmacy Benefit Managers (PBMs) are middlemen who negotiate drug prices with manufacturers and insurance companies.
6. Congress has the power to break patents in an emergency and force drug companies to lower prices.
7. Pharma executives were subpoenaed to testify at a Senate hearing about drug prices in 2019.
8. Ghostface Killah is diabetic and wants justice for people who can't afford insulin.

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