Is there a black market for insulin?
Then, is it illegal to sell insulin?
Reselling a prescription medication such as insulin, or even giving it away for free, is illegal under federal and state laws. One group of Minnesota diabetes activists recently traveled to Canada, where insulin prices are one-tenth of those in the United States.
Also Know, can I sell insulin on Craigslist? Buying insulin on Craigslist requires no prescription, adding to the danger. People with type 1 diabetes, the autoimmune condition in which the body does not produce insulin, must take the medication daily to regulate their blood sugar levels.
Also Know, how much does insulin cost right now?
Retail Prices of Traditional Insulins (Q2 2019)
|Price per dispenser||Price per insulin unit|
|Novolin R vial (10 mL)||$93 per vial||$0.09 per unit|
|Humulin R vial (10 mL)||$185 per vial||$0.19 per unit|
|Humulin R vial (20 mL, 500 units/mL)||$1,813 per vial||$0.18 per unit|
Who controls the price of insulin?
It's easy to cast blame on the drug makers: Just three pharmaceutical companies, all of them massive, global enterprises, control the vast majority of the $27 billion global insulin market: Sanofi, Eli Lilly, and Novo Nordisk . And they always have, virtually since the drug was discovered back in 1921.