Even Diabetes Supplies Companies Realize the Need for Universal Health Care

Tandem Diabetes Care’s stock has fallen as diabetic Americans are dangerously foregoing expensive medical supplies. Its CEO says this drop-off isn’t happening in countries with universal health care. He’s inadvertently making the case for Medicare for All.

Over the shoulder shot of older man looking at his type-1 diabetes supplies on kitchen table.

Supplies for type-1 diabetes management, including tubed insulin pump, insulin vial, syringe, needle, insulin cartridge, and infusion site applicator. (Matt Harbicht / Getty Images for Tandem Diabetes Care)


Eli Lilly and Company, one of the three main insulin manufacturers in the United States, made headlines last week after a Twitter user took advantage of Elon Musk’s bungling management of the microblogging platform to claim insulin was now free — causing Eli Lilly’s stock to drop about four percent and triggering a social media firestorm over the high price of insulin. In retaliation, Eli Lilly halted all advertising on Twitter, delivering another blow to the platform that is already coping with an advertiser exodus.

In truth, Eli Lilly will be fine. However, there’s one important, struggling insulin-related company that didn’t get as much attention last week — but whose troubles might have much wider implications for diabetes patients living in the United States. Insulin pump manufacturer Tandem Diabetes Care saw its stock plummet more than 20 percent this month — five times the drop suffered by Eli Lilly — after a dismal quarterly earnings report. Overall, the company’s stock is down 66 percent this year.

What makes this development so interesting is that the company’s executives are expressly blaming its poor sales on the lack of universal health care in this country.

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