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Home / Mike Norman Economics / Why American Diabetics Go to Mexico and Craiglist for Insulin | NYT Opinion

Why American Diabetics Go to Mexico and Craiglist for Insulin | NYT Opinion

Summary:
In the UK NHS prescriptions are free for the under 16's, for people between the ages of 16 to 18 if they are in further education, and free for the over 60's. Unemployed and people on benefits get free prescriptions too. For everyone else they are £9, but if have have a lot of prescriptions you can pay 3 monthly, or yearly, to get huge discounts.When I saw this video I was horrified. What sort of capitalism is this? [embedded content]

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In the UK NHS prescriptions are free for the under 16's, for people between the ages of 16 to 18 if they are in further education, and free for the over 60's. Unemployed and people on benefits get free prescriptions too. For everyone else they are £9, but if have have a lot of prescriptions you can pay 3 monthly, or yearly, to get huge discounts.

When I saw this video I was horrified. What sort of capitalism is this?


Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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