Watch: High Cost Of Insulin Sends Americans To Canada To Stock Up

Insulin is a vital drug that some 7.4 million Americans must take daily to manage their diabetes. But its price nearly doubled from 2012 to 2016, leaving some patients with no choice but to turn to black-market drugs or traveling to Canada, where insulin can be 90% cheaper. KHN senior correspondent Sarah Varney reports in collaboration with PBS NewsHour about the skyrocketing cost of insulin — and the trend’s deadly consequences. This story also ran on PBS NewsHour. This story can be republished for free (details). This is a transcript of the story: Sarah Varney: It’s early morning in downtown Minneapolis, and Quinn Nystrom is scrambling to arrange last-minute logistics for the trip to Canada. Varney: The caravan has drawn the media’s eye to a vexing problem that threatens her life and other Type 1 diabetics in the U.S., the exorbitant cost of insulin. They will cross five states, picking up passengers along the way, all to buy insulin in Canada, where it costs 90% less. Varney: For Nystrom, this quest began years ago, when she was growing up in rural Baxter, Minn. She was diagnosed with Type 1 at 13 and hated being different from other girls at school. But when her parents sen...

Prices for hottest Rolex models are falling fast says secondary market specialist

The boom in prices for the hottest steel sports watches from Rolex, Patek Philippe is starting to unwind, according to Philipp Man, co-founder of secondary market specialist Chronext. The company has been trading in new and pre-owned luxury watches since 2013 and now employs a team of 180 people at its Cologne, Germany, headquarters where every watch it sells is authenticated, polished and refurbished if necessary before being dispatched to customers. It is opening a service center in Toronto, Canada, this year to serve the North American market. The business began life more as a data-driven trading platform tracking luxury watch prices on the secondary market, and is a treasure trove of data on how every reference launched by the major watchmakers has been performing over the past six years. On a visit to the company yesterday, WatchPro asked whether the 2018 spike in prices for the hottest steel sports models was an anomaly, whether it would continue into 2019, or whether recent cooling of prices would continue. 2018 was unique, Mr Man suggested, because normally only a tiny number of watches sell on the secondary market at above retail prices. Last year Rolex, Patek Philippe ...