Where are you getting the $6-7 figure from? Artisan insulin makers? Feels like every insulin maker out there operates at walmart's scale, if not bigger. If that's where we're getting the $6-7 figure from, then it's not reasonable to expect it to drop any further.
$5.32-8.87 cost of production depending on the insulin analog.
As noted above, I did not account for R&D and manufacturing capacity.
Regardless, I tried to estimate conservatively at a $12-13 per vial overall cost. My napkin math is certainly wrong.
The point is that Walmart still stands to generate a multi-billion dollar per year profit on the sale of this insulin. (Unless my market capture estimate is wrong by an order of 6+, which it could be)
To be clear, I’m not opposed (in fact grateful) that Walmart is competing in the insulin market. However, I still find it unfortunate that we in the United States pay more for Insulin than any other country in the world, even with this competition.
It’s increasingly difficult to find product reviews with search engines.
Massive auto generated content farms take a product name and add loads of AI-generated filler text. Pop in a bunch of banner ads and an affiliate link and they have huge economic incentive to scale these operations.
I’m very pessimistic about the direction the internet is going these days. The AI crisis isn’t going to be sentient AI trying to kill us, it’s going to be a flood of noise over knowledge.