Detailed text transcripts for TV channel - FOXNEWS - 20190130:19:23:00
>> reporter: back in 2012, a person with hype i diabetes spent an average of $2864 on insulin. according to a report this month by the nonprofit health care cost institute. in 2016, that figure rose to $5705. an increase of more than 99% even though daily average insulin use only rose from 60 units to 62 units, an increase of 3%. >> these spikes are caused because there's no competition. there's only three companies in the country that make insulin. one raise their prices, the other two as well. >> reporter: the pharmaceutical industry said competition is driving prices up because of the way m...
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