Understanding Insulin Pricing and the US Drug Supply Chain

Who was the Canadian physician that played a key role in developing the first insulin therapy?

• Charles Best

• Frederick Banting

• James Collip

• John Macleod

What was Frederick Banting's view on the ownership of insulin?

• It should be owned by the government

• It should be patented for profit

• It should be owned by pharmaceutical companies

• It should belong to the world

What is a significant factor contributing to the high cost of insulin in the US?

• High production costs

• Lack of demand

• Patent protection and exclusivity rights

• Government subsidies

What happens to drug prices once patents expire?

• Prices increase

• Prices remain the same

• Prices usually drop

• Prices are regulated by the government

What is a common practice by pharmaceutical companies to extend their patents?

• Lowering drug prices

• Making small changes in dosage

• Increasing production

• Partnering with competitors

What is the role of pharmacy benefit managers (PBMs) in the US drug supply chain?

• They provide health insurance

• They regulate drug prices

• They negotiate discounts with manufacturers

• They manufacture drugs

How do PBMs affect patient choice in the US?

• They increase patient choice

• They limit patient choice

• They have no effect on patient choice

• They only affect uninsured patients

Which entity receives the largest share of insulin costs in the US?

• Manufacturers

• Wholesalers

• Pharmacies

• Insurance companies

What percentage of Americans reported difficulty affording prescriptions in 2019?

• 1 in 2

• 1 in 3

• 1 in 4

• 1 in 5

What recent action did one of the largest insulin manufacturers take in 2023?

• Increased the drug's list price

• Decreased the drug's list price

• Stopped producing insulin

• Merged with another company