Business Insider: Why a lifesaving drug that’s been around since 1923 is still unaffordable

By: Ellie Kincaid

An essential drug that has been on the market for decades still has a sticker price out of range for some patients who need it.

Insulin, a life-saving treatment for diabetes, was first patented in 1923. Unlike many common, even newer medicines, a generic option does not exist. Because there isn’t a generic option available, a month’s supply of insulin can cost a patient more than $100 per month — a cost patients must often bear for their whole lives.

While the number of uninsured people in the US is going down, a 2005 study estimated that nearly a million Americans with diabetes didn’t have any form of insurance.