Price is not a cost. Price is a trade rate. Cost is an outlay.
Until people learn language, they can not think straight.
@JohnGritt “cost” more closely mirrors the language in the bill, which focuses on insurance deductibles and cost-sharing rather than retail price. Where no single word is comprehensively accurate, reflecting the source language is one way to avoid introducing an additional layer of imprecision. The meme prominently cites the original bill for a full analysis.
That being said, you’re right. Words matter, and accurate concepts matter, particularly in governance, where 1/2
@JohnGritt concept conflation is often used to obscure wishful thinking. In this case, truly lowering the “cost,” —since the actual production cost of synthetic insulin is relatively de minimus here— would involve in turn tackling more complex issues like IP reform and lowering entry barriers for true competition. But with widespread insulin rationing among diabetics leading to a steady trickle of deaths, short term as well as long term fixes are called for.
