Funny you didn’t ask why they sell Ozempic for $64 in the UK, $119 in Canada but we pay $1200 in the US! You’re having people focus on the shiny object instead of talking about real issues of corporate price gouging.
@@laurensa.1803 ah yes, the reason people get cancer is cause they lack discipline. You should go to a children's cancer hospital and yell at them for that.
I laughed at 1:57 when the guy said he had a hard time understanding why people would do this. These companies are fleecing Americans and they wonder why they want cheaper alternatives?
"Don't feed the illegal market, they don't care about us. All they care about is making money of the back of peoples vulnerability." That sounds exactly like what the pharmaceutical industry does to Americans. Oh but trust us, the big giant pharmaceutical corporations. We have your best interests at heart. We certainly value you more than our shareholders.......
Did a real great job of not getting to the point that if these drugs were actually priced competitively and available in the US that there wouldn't be a need for a black market.
@visceratrocar each manufacturer has 2 variants of the same drug one approved for diabetes like Ozempic and one approved for weight loss like Wegovy. Both of those are made by the same company with the same dosage of the base drug and are just packaged differently. Wegovy is Ozempic but is split into 4 weekly 1 use pens and costs about 50% more and is less available.
@mpdragon64 Still takes a prescription, and I'm assuming a minimum weight to start. I've also heard they taper down the dose as the patient reaches their goal weight so it's more of a maintenance dose than immediate treatment. It also requires significant lifestyle changes and dietary adjustments to be most effective. It will work on it's own, but not as well as it could. People just go full dose all the time and wonder why they gain the weight back when they stop.
@visceratrocar yeah of course physician consultation, guidance, recommendations, and prescriptions are needed since it's a prescription only drug. Getting any of the above isn't that hard, getting coverage through insurance is because it is only that expensive in the US. The whole point I was getting at is that if these products weren't artificially and superficial priced so high and availability made scarce for people who have legitimate recommendations and prescribed by their physicians, people wouldn't be so desperate to jump through all these dangerous hoops.
It's so ironic that they said, "don't buy counterfeit, they just want to make money and infringe on your vulnerability." 🤣 That's exactly what y'all doing with these drugs!
They should just make it the same price in the US as it is in every other country $50, $100, $200, then this wouldn’t be happening cause it would be affordable for everybody, but then they wouldn’t be able to bill everyone’s ins $1k a month. 🤔
@@America-The-Greatyou did miss the point. The companies are not hurt by counterfeits. They are making money. The people buying the fakes are the ones injecting crap into their body and ruining their health. European companies pricing the drug at over $1000 are making bank. The Chinese making fake drugs are also getting rich Only the idiots buying fakes are staying poor.
@@laurensa.1803 The point is when it costs like $100 globally but $1000 in America, literally for no reason other than because they can, this is inevitable.
I normally try to see most of the video but you can tell this is just emotionally manipulative propaganda in the first minute. NOBODY in these comments are buying it lmao
its also funny to see the focus on 1. ozempic (everyone's buying zepbound now) and 2. buying counterfeit injection pens? lmfao. people went the compounding pharmacy route until recently when the FDA ended the shortage which made them close up shop... but those were all 3ml vials that you draw from once a week with a sterilized insulin syringe (then throw away). this report is so far behind the ball. laughable.
They are recouping research and development and they are publicly traded companies with investors to answer to. The executives are held accountable by the investors if they can sell it for $1000 but charge less
@@tylersanders2388 You can do that ethically. This isn't ethical. You are not required to be evil in order to get as much profit as possible by any means necessary.
@@rwdplz1 There is no being ethical in capitalism. The profit is what matters... Ironically the pharma price gougers are no different than these bootleggers, they just want to make a quick buck.
@@tylersanders2388bull, how do they explain charging Americans $1,000 but Europeans $100s and the Chinese penny’s on the dollar? Are Americans the only group made to pay for research and development? No, they charge us more out of greed and pure profit. Nice try though.
‼️The pharmaceutical companies charge the same lower prices anywhere in the world, including the USA. It's not them whome are cheating the US markets, its the USA government. Its because in the USA the resellers and distributors are free to charge whatever they want. In other countries maximum prices are set and agreed on by their governments.
You just know that if there was a single case of a dangerous substance being in the pens, they would have talked about it. But they coincidently missed that.
1:52 "It's a massive problem which one has a bit of a hard time to understand how people could do this" says the pharma rep with a Dell laptop counterfeiting as a Mac. Did you do this because Macs are overpriced and this was a cheaper solution? Oh the irony.
Still, as long as the US doesn't have universal healthcare like other countries (without PBM's as greedy middlemen, who muddy transparency), the US will never really be able to solve the problem. ALL medicine is insanely expensive in the US compared to other countries. It's a waste of effort to struggle with all the companies, instead of grasping the internal problem by the root. There's a big capitalist world market outside the US, so the US should shape up.
I believe most countries have regulations that prevent them from raising prices astronomically. Otherwise they'd have done so already. Why would they sell cheaper overseas if they could have a much higher profit?
Still, as long as the US doesn't have universal healthcare like other countries (without PBM's as greedy middlemen, who muddy transparency), the US will never really be able to solve the problem. ALL medicine is insanely expensive in the US compared to other countries. It's a waste of effort to struggle with all the companies, instead of grasping the internal problem by the root. There's a big capitalist world market outside the US, so the US should shape up.
You can find Semaglutide pen branded Semavic in Russia. It costs about 50 dollars and anyone can buy it without prescription in a drug store. This looks like a real price for Ozempic - not 1000 dollars.
Assuming they are ALL genuine, why are American drugs so much more expensive compared to other countries? Aren’t American pharmaceutical companies ripping off Americans?
The cost to produce these drugs are less than 25$ per month, and they are selling for almost 2k. easily 20x margin here. But we gonna make video and said it very bad for you if you gonna use 200$ drug which can be easily bought in Norway or UK for around 100$ and sell here even with x2 margin. Pharma gready as hell and lobbyist in America works great
While that may be true we should also understand that the very first months supply probably cost $2 billion or something. It's the second one that costs $25.
Wrong. Blame the US healthcare system. So many middlemen wants to make profit out of this also. Only reason why it is cheaper in other countries are simple as that.
If big pharma wasn't so greedy for profits, a black market wouldn't have developed. $1000./month for these drugs looks just a wee bit like price gouging.
The only reason why this is a problem is because manufacturers intentionally restrict the supply of an easily scalable product to jack up the price. Like the guy said, "criminals will use people's vulnerabilities to turn a profit", yeah, starting with them.
If the pharmaceutical companies charged a fair price for their products and produced them in a quantity that would meet demand then there wouldn't be a black market in stolen/fake/imported products. They say that they care about peoples well being but given big pharma's past history I find that incredibly hard to believe.
The NHS is pretty much the only show in town here in the UK though, it gives them a strong bargaining position. The NHS say what they're prepared to pay and the pharma companies pretty much have to accept it or miss out on the UK market. The pharma companies usually end up taking take the pragmatic approach - a good profit, while not as nice as an utterly absurd profit (like in the USA), is still better than zero sales.
The fact that the same drug costs 5x more or even more makes me understand these victims’ mindsets. They are victims in this case, but everyone that deals with the United States’s healthcare system is also a victim.
The issue is that it's still profitable for random overseas companies to buy your product in their country and ship them to the US at 1/10th the price of "genuine" product.
crazy idea. Don't sell drugs in the us for 10x's the cost of other countries. If America ACTUALLY cared, they would lower drug prices so people wouldn't have to put their lives at risk. For rerfernece my medication (1 and only 1) is 22k A MONTH. In Canada, where it's illegal for me to purchase it? Under $1000 /month
You fix this problem instantly by having a flat global price for the entire world. Medicines should not have market based pricing. Things like electronics have elastic pricing and can have that, but medicines treat the same type of body all over the world
A drug costing 1k+ in this economy is absurd to me. But really instead of going after these scammers, fix the root of the problem: the bad food that is sold in the US. Make natural healthy food more an affordable, and add more regulation on the processed foods that we sell here. Also, out wouldn’t hurt to make healthcare more affordable or close to free here.
People wouldn't have to gamble with their lives if Novonordisk wasnt price gouging the ever living jesus out of everyone in the US. Why does it cost $1300 a month! that's the question you should be asking!
This is not an Ozempic only problem, it is an industry problem, the drug company sells to middlemen (PBM) who jack up the rates to insurance companies, insurance companies pay the middlemen what they ask based on what a PBM wants for it. But behind the scenes, the insurance companies buy/merge with a PBM, and then cry foul when they are the ones who can influence the PBMs they own. All the while, the "regulators" (congressman and women, etc.) are "sleeping" at the wheel, or in other words, making millions off lobbyists, speaking gigs, etc., and come out multi millionaires, and support funding the research with our tax dollars. Then, companies that make the drugs get patent protection, sell it across the world for whatever they can get, and then upcharge where they can in an effort to "fund the research" lol its just a cycle
The issue with medications in America is that they know that we rely heavily on insurance to pay for our medications so they can charge a lot for these medications knowing the insurance companies will pay for them. For example for Wegovy, if you qualify for this medication: BMI >30 or have type 2 diabetes then insurance will cover this medication and the copay is 25 dollars. However if you are overweight but not obese and doesn’t qualify for the medication but want to pay out of pocket, then it becomes 1400 dollars. I think the black market attracts those people who don’t necessarily qualify for the medication otherwise but wants a quick fix for their weight problems
Ordering from Canadian online pharmacies is safe, just make sure they have the CIPA seal and check their customer reviews. CIPA members must adhere to strict quality control standards. Their prices are low since they procure their products from jurisdictions that have government imposed price controls. Most Canadian online pharmacies will connect you to a licensed pharmacist free of charge so you can speak with a professional druggist should you have concerns before making a purchase. Just avoid dodgy overseas sellers and you should be fine. Don't risk your health buying the fakes, it isn't worth it.
Excellent review. I work in this industry and believe you have hit on nearly all of the channels, concerns, and dangers. There is always the question of why the product costs so much more in the US, but that will require a full video into itself.
Body positivity doesn't cure type 2 diabetes. It doesn't stop coronary artery disease, or the need for joint replacement surgery. It doesn't stop the cancers that obese people are more likely to get. Body positivity is great, if you are a healthy weight, otherwise these drugs are needed.
Many health issues stem from a lack of self-discipline. Taking control of your diet and leading a healthier lifestyle can often reduce the need for medications like Ozempic, promoting better overall well-being.
Seeing how almosy all the medicine in the US coats more over there than in the rest of the world I'd be shocked if the black market focused solely on ozempic
I still love my LV reverse monogram kislux clutch! It's versatile, fits a variety of items, and is definitely a workhorse! I think seeing it everywhere (like the LV speedy) is proof that it's already a classic.
here's a thought, -- if you want to curtail the counterfeiters, why do the companies dont just charge the same amount around the world? (psst, its not because they care about you)
I see these on Facebook marketplace all the time. On Reddit people were also discussing this, and when I advocated against buying ozempic off fb marketplace my comment was downvoted into oblivion
The real crime is how the pharmaceutical companies in the US are allowed to charge ridiculous high prices for products. This understandably leads people to seek other venues.
We need these meds to be affordable and available! The ridiculous prices and scarcity are pushing people to take horrible risks. With the crackdown on compounding pharmacy products, people are getting desperate.
why is Wegovy more than $1000 USD in the US but I LEGITIMATELY get Wegovy in Australia for $450 AUD a month (and thats expensive because of going through a provider, i checked the chemist they place the order to , they have it for $250+ ) and thats not even covered by public funding/medicare.....
They're focusing on the counterfeit drugs and stopping the criminals, but if they would instead talk about and fix the root cause of the problem the market would disappear. The reason people are buying these things is because no one can afford $1000 for a drug. It goes to show how messed up the US health care system is, when you have to put your life on the line to go out and buy drugs online that might be counterfeit because the price of the legitimate drug is ridiculous.
Bring Stephanie Janis Stiefel on the show. She changed my life Financially I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Stephanie Janis Stiefel, for her expertise and exposure to different areas of the market.
People not having medical insurance, and people with medical insurance where weight loss isn’t covered that have to try buy products outside of their insurance. There is so much wrong with the US medical system. Then manufacturers taking advantage of how bad our system is and charging the most they possibly can which causes more scammers to come into the market and offer cheaper products. It all spirals.
I love that he says these people are taking advantage of people. They definitely are but so are pharmaceutical companies. They sell the same stuff in other countries for much much less than over here
Ironically if many of these companies just reduce their prices, it would shut down many of these markets and in the process of reducing prices they would make more money. The black market is showing them their prices are too high, just reduce your prices and sell more.
How come when you had the opportunity you didn't ask him why they charge $1,000 for something that cost them $20 to manufacture. Of course when you mark a product up 50 times what it cost to manufacture people are going to get it elsewhere.
The real question should be is why are the drug companies allowed to charge over 10 times the amount for the same drug in different markets. That seems criminal? And to hear them take a moral high ground is laughable
Why is it $1k in the US? Cause it’s billed to ins companies! If the prices were the same through every country this 💩 wouldn’t be happening!! And we wonder why ins prices are so high!
I’m paying $75/week from a beauty clinic here in Michigan. They have all types of signage outside and the country it’s in is very low crime so I’m thinking if they’re fake the clinic would’ve been shut down by now, I hope.
Is it harming consumers or competitive pricing that really is what the problem is. Somewhere,most likely someone inside sold the formula and now it’s available.
![Seungmin "그렇게, 천천히, 우리(As we are)" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/kAzmhLHePqU/mqdefault.jpg)
Funny you didn’t ask why they sell Ozempic for $64 in the UK, $119 in Canada but we pay $1200 in the US! You’re having people focus on the shiny object instead of talking about real issues of corporate price gouging.
Get single payer Healthcare in the US
This right here is the real story
ozempic makes you look like a meth head horribly ages you!! you are an idiot if you use it!
The real cost of production was calculated under $10 IIRC, the rest is just profits
Thats the job of modern media: distract and misdirect for their fellow mega corporations.
The main problem is the cost of these drugs (and medicine in general) in the US is so overpriced and expensive.
The main problem is people having zero discipline.
Napsgear is where I get my meds lol
@laurensa.1803 but let's not let big pharma get off the hook for their greed.
@@laurensa.1803 ah yes, the reason people get cancer is cause they lack discipline. You should go to a children's cancer hospital and yell at them for that.
I laughed at 1:57 when the guy said he had a hard time understanding why people would do this.
These companies are fleecing Americans and they wonder why they want cheaper alternatives?
"Don't feed the illegal market, they don't care about us. All they care about is making money of the back of peoples vulnerability." That sounds exactly like what the pharmaceutical industry does to Americans. Oh but trust us, the big giant pharmaceutical corporations. We have your best interests at heart. We certainly value you more than our shareholders.......
lol, as he said that, I thought, wait, isn't he describing the whole pharmaceutical industry ?
@@kyo250996 There you go! One hundred percent your reply!
My thoughts exactly
But this really is Russian roulette as you don't know what is in them.
We all thought that 😂🎉
They’re worried about their profits not the safety let’s be honest.
Was going to say the same
Facts lol!! Trying to scare the public as usual lol!! Pay us $1000....When they're made for $20 lol
Yeah that's the whole point of starting a business 🤡
ozempic makes you look like a meth head horribly ages you!! you are an idiot if you use it!
yucks! where can i get the diverted real drug from China at 1/10th the price? just for research of cuz
Did a real great job of not getting to the point that if these drugs were actually priced competitively and available in the US that there wouldn't be a need for a black market.
They really tried to spin "buying them overseas cheap and IllEgAllY sHipPinG tO ThE US" as if they can't make it as cheap as it is overseas.
You can't just use them for weight loss. These are diabetes drugs, and they have some very serious side effects of used off label.
@visceratrocar each manufacturer has 2 variants of the same drug one approved for diabetes like Ozempic and one approved for weight loss like Wegovy. Both of those are made by the same company with the same dosage of the base drug and are just packaged differently. Wegovy is Ozempic but is split into 4 weekly 1 use pens and costs about 50% more and is less available.
@mpdragon64 Still takes a prescription, and I'm assuming a minimum weight to start. I've also heard they taper down the dose as the patient reaches their goal weight so it's more of a maintenance dose than immediate treatment. It also requires significant lifestyle changes and dietary adjustments to be most effective. It will work on it's own, but not as well as it could. People just go full dose all the time and wonder why they gain the weight back when they stop.
@visceratrocar yeah of course physician consultation, guidance, recommendations, and prescriptions are needed since it's a prescription only drug. Getting any of the above isn't that hard, getting coverage through insurance is because it is only that expensive in the US. The whole point I was getting at is that if these products weren't artificially and superficial priced so high and availability made scarce for people who have legitimate recommendations and prescribed by their physicians, people wouldn't be so desperate to jump through all these dangerous hoops.
It's so ironic that they said, "don't buy counterfeit, they just want to make money and infringe on your vulnerability." 🤣 That's exactly what y'all doing with these drugs!
Even more ironic when the guy is using a Dell laptop with an Apple sticker over the Dell logo!
They should just make it the same price in the US as it is in every other country $50, $100, $200, then this wouldn’t be happening cause it would be affordable for everybody, but then they wouldn’t be able to bill everyone’s ins $1k a month. 🤔
Blame the insurance companies
@@paladestar9758 that is just hilarious 😂
Don't mind the fools. We are not gullible anymore.
Maybe don't charge $1200 a month for the drug
If you don't want counterfits then don't price it at over a $1,000😂😂😂😂😂
You missed the point I think. 😆
@@laurensa.1803 no you missed my point
@@America-The-Greatyou did miss the point.
The companies are not hurt by counterfeits. They are making money.
The people buying the fakes are the ones injecting crap into their body and ruining their health.
European companies pricing the drug at over $1000 are making bank.
The Chinese making fake drugs are also getting rich
Only the idiots buying fakes are staying poor.
@@laurensa.1803 The point is when it costs like $100 globally but $1000 in America, literally for no reason other than because they can, this is inevitable.
It costs them $0.35/ pen to make though and they need fat Americans money.
The scariest thing I heard in this video was the real price of the drugs. That is the problem!
Rich people get Ozempic. Poor people get body positivity.”
-Eric Cartman
what caused this? Our broken healthcare system and insurance caused by greed.
charging 25,000% profit margins should be a crime
this whole video feels like a sponsored post to protect corporate profits when I bet most "counterfeit" ozempic is the real deal
I agree it's so obvious
I normally try to see most of the video but you can tell this is just emotionally manipulative propaganda in the first minute. NOBODY in these comments are buying it lmao
its also funny to see the focus on 1. ozempic (everyone's buying zepbound now) and 2. buying counterfeit injection pens? lmfao. people went the compounding pharmacy route until recently when the FDA ended the shortage which made them close up shop... but those were all 3ml vials that you draw from once a week with a sterilized insulin syringe (then throw away).
this report is so far behind the ball. laughable.
It might be true. Pharmaceutical companies are legal drug rings.
Ozempic is also used off label so much patients with actual prescriptions and real diabetes can't get any. That's an issue, too. And no one cares.
Don't feed the illegal market? How about stop price gouging?
They are recouping research and development and they are publicly traded companies with investors to answer to. The executives are held accountable by the investors if they can sell it for $1000 but charge less
@@tylersanders2388 You can do that ethically. This isn't ethical. You are not required to be evil in order to get as much profit as possible by any means necessary.
@@rwdplz1 There is no being ethical in capitalism. The profit is what matters... Ironically the pharma price gougers are no different than these bootleggers, they just want to make a quick buck.
@@tylersanders2388bull, how do they explain charging Americans $1,000 but Europeans $100s and the Chinese penny’s on the dollar? Are Americans the only group made to pay for research and development? No, they charge us more out of greed and pure profit. Nice try though.
‼️The pharmaceutical companies charge the same lower prices anywhere in the world, including the USA. It's not them whome are cheating the US markets, its the USA government. Its because in the USA the resellers and distributors are free to charge whatever they want. In other countries maximum prices are set and agreed on by their governments.
The government can easily fix this. Why should it be $1,000 in USA and $59 in China? Just make the price comparable.
Why no questions about why Novo Nordisk and others charge such a ridiculous amount here in the US but not else where?????
You just know that if there was a single case of a dangerous substance being in the pens, they would have talked about it. But they coincidently missed that.
I noticed that too when he said another diabetic medication in the counterfeit pen. Pathetic liars.
1:52 "It's a massive problem which one has a bit of a hard time to understand how people could do this" says the pharma rep with a Dell laptop counterfeiting as a Mac.
Did you do this because Macs are overpriced and this was a cheaper solution? Oh the irony.
“Oh the hypocrisy”
Drug prices are too expensive in the United States. Period
Weird that Ozempic costs nearly 10 times more then in the EU, i think thats an issue too.
That is the actual issue
Blame the pharmaceutical companies for this, they should lower the prices and not play the victim.
Still, as long as the US doesn't have universal healthcare like other countries (without PBM's as greedy middlemen, who muddy transparency), the US will never really be able to solve the problem.
ALL medicine is insanely expensive in the US compared to other countries. It's a waste of effort to struggle with all the companies, instead of grasping the internal problem by the root. There's a big capitalist world market outside the US, so the US should shape up.
Solution is simple. Stop staggered pricing. Either lower prices in North America or raise prices elsewhere so there is no difference.
I believe most countries have regulations that prevent them from raising prices astronomically. Otherwise they'd have done so already. Why would they sell cheaper overseas if they could have a much higher profit?
Still, as long as the US doesn't have universal healthcare like other countries (without PBM's as greedy middlemen, who muddy transparency), the US will never really be able to solve the problem.
ALL medicine is insanely expensive in the US compared to other countries. It's a waste of effort to struggle with all the companies, instead of grasping the internal problem by the root. There's a big capitalist world market outside the US, so the US should shape up.
You can find Semaglutide pen branded Semavic in Russia. It costs about 50 dollars and anyone can buy it without prescription in a drug store. This looks like a real price for Ozempic - not 1000 dollars.
Assuming they are ALL genuine, why are American drugs so much more expensive compared to other countries? Aren’t American pharmaceutical companies ripping off Americans?
16:50 I'm supposed to believe the guy defending Ozempics quality control against frauds but has an Apple sticker over the Dell logo on his laptop
Lol
Hahaha
😂😂😂😂😂
I would absolutely hide the Apple logo out of pure shame
Eagle Eyes
“The criminals are… buying overseas where it’s cheaper and selling in the US” - I see absolutely ZERO issue with this.
The cost to produce these drugs are less than 25$ per month, and they are selling for almost 2k. easily 20x margin here. But we gonna make video and said it very bad for you if you gonna use 200$ drug which can be easily bought in Norway or UK for around 100$ and sell here even with x2 margin. Pharma gready as hell and lobbyist in America works great
While that may be true we should also understand that the very first months supply probably cost $2 billion or something. It's the second one that costs $25.
@@jonatanrullman right it does not include developing stage, but if I be clear the raw cost start from 2$ and end at 9$ per vial. They greedy as hell
The real gangsters are novo nordisk and eli lilly
The real gangsters are the regulators that let this happen.
Wrong. Blame the US healthcare system. So many middlemen wants to make profit out of this also. Only reason why it is cheaper in other countries are simple as that.
If big pharma wasn't so greedy for profits, a black market wouldn't have developed. $1000./month for these drugs looks just a wee bit like price gouging.
The only reason why this is a problem is because manufacturers intentionally restrict the supply of an easily scalable product to jack up the price. Like the guy said, "criminals will use people's vulnerabilities to turn a profit", yeah, starting with them.
No - the only reason this is a problem is because people refuse to be accountable for their foolish food choices.
If the pharmaceutical companies charged a fair price for their products and produced them in a quantity that would meet demand then there wouldn't be a black market in stolen/fake/imported products.
They say that they care about peoples well being but given big pharma's past history I find that incredibly hard to believe.
Why the hell is it so expensive in US? It's not on NHS in UK and It's less than £200 here.
The NHS is pretty much the only show in town here in the UK though, it gives them a strong bargaining position. The NHS say what they're prepared to pay and the pharma companies pretty much have to accept it or miss out on the UK market. The pharma companies usually end up taking take the pragmatic approach - a good profit, while not as nice as an utterly absurd profit (like in the USA), is still better than zero sales.
If the pharma companies aren’t so greedy, then this wouldn’t happen.
⚠️FACT⚠️
The power of the government is working hard to protect the insane profits of the pharmaceutical industry & rarely the consumers🔥
Like those companies could care about anyone’s health, they only care about their profits.
Blame your government regulations not the pharmaceutical companies!
They aren't breaking any laws
The fact that the same drug costs 5x more or even more makes me understand these victims’ mindsets. They are victims in this case, but everyone that deals with the United States’s healthcare system is also a victim.
I wonder how many of our local dr. are getting their supply from these black markets but charging high fees????
The issue is that it's still profitable for random overseas companies to buy your product in their country and ship them to the US at 1/10th the price of "genuine" product.
crazy idea. Don't sell drugs in the us for 10x's the cost of other countries. If America ACTUALLY cared, they would lower drug prices so people wouldn't have to put their lives at risk. For rerfernece my medication (1 and only 1) is 22k A MONTH. In Canada, where it's illegal for me to purchase it? Under $1000 /month
It’s real product. I went to Bali, Indonesia and brought 4 pens (1mg) for my aunty in US, only cost $140 each.
640 bucks?
why does this feel like south park
Because they are all over weight in South Park 🧤 📦 🧤
LMFAO I like how the guy is talking about counterfeiting while using a "fake" apple laptop
14:50
You fix this problem instantly by having a flat global price for the entire world. Medicines should not have market based pricing. Things like electronics have elastic pricing and can have that, but medicines treat the same type of body all over the world
it costs at most 5 dollars to produce a pen. in germany and france, novo nordisk sells it for 80 dollars.
There wouldn’t be a black market if the drug wasn’t ridiculously priced by the pharmaceutical companies
Nice ozempic ad 😂
BigPharma puts people in danger for profit
A drug costing 1k+ in this economy is absurd to me. But really instead of going after these scammers, fix the root of the problem: the bad food that is sold in the US. Make natural healthy food more an affordable, and add more regulation on the processed foods that we sell here. Also, out wouldn’t hurt to make healthcare more affordable or close to free here.
Isn’t the real problem the cost of medicine in the US?
Why do you think people are looking for cheaper prices?
🤷🏻♂️
A drug company worried about customers safety? How did that dude say that with a straight face? 😂😂😂
People wouldn't have to gamble with their lives if Novonordisk wasnt price gouging the ever living jesus out of everyone in the US. Why does it cost $1300 a month! that's the question you should be asking!
This is not an Ozempic only problem, it is an industry problem, the drug company sells to middlemen (PBM) who jack up the rates to insurance companies, insurance companies pay the middlemen what they ask based on what a PBM wants for it. But behind the scenes, the insurance companies buy/merge with a PBM, and then cry foul when they are the ones who can influence the PBMs they own. All the while, the "regulators" (congressman and women, etc.) are "sleeping" at the wheel, or in other words, making millions off lobbyists, speaking gigs, etc., and come out multi millionaires, and support funding the research with our tax dollars. Then, companies that make the drugs get patent protection, sell it across the world for whatever they can get, and then upcharge where they can in an effort to "fund the research" lol its just a cycle
Noooo, don’t buy the cheap knockoffs that work exactly like the branded product! Only by paying over 1000 a month you can be safe!!
Mazlar Mike Doustdar talking about counterfeit products while using a Dell with an Apple sticker over the logo 🤣🤣😂
Why?
Can't it just be the same price everywhere?And then it would eliminate the black market
ruclips.net/video/QTCHgIDOUNc/видео.htmlsi=Zvre35NrsSF-_CkQ&t=126
The issue with medications in America is that they know that we rely heavily on insurance to pay for our medications so they can charge a lot for these medications knowing the insurance companies will pay for them. For example for Wegovy, if you qualify for this medication: BMI >30 or have type 2 diabetes then insurance will cover this medication and the copay is 25 dollars. However if you are overweight but not obese and doesn’t qualify for the medication but want to pay out of pocket, then it becomes 1400 dollars. I think the black market attracts those people who don’t necessarily qualify for the medication otherwise but wants a quick fix for their weight problems
It’s OK to counterfeit a luxury bag, but not luxury medication😅
Or a "luxury" Notebook (looking at his dell laptop with apple sticker)
The question we should ask here is why the US list price is so high in comparison. It's one crook pointing to another crook
This is crazy. People selling insulin like its something else. Taking insulin and not being a diabetic could seriously harm someone. This is crazy.
Well if its the actual product and they just ship from overseas because its cheaper then the problem is your price domestically is way too high
Ordering from Canadian online pharmacies is safe, just make sure they have the CIPA seal and check their customer reviews. CIPA members must adhere to strict quality control standards. Their prices are low since they procure their products from jurisdictions that have government imposed price controls. Most Canadian online pharmacies will connect you to a licensed pharmacist free of charge so you can speak with a professional druggist should you have concerns before making a purchase. Just avoid dodgy overseas sellers and you should be fine. Don't risk your health buying the fakes, it isn't worth it.
I love you so much! I recently just found your kislux and i’m in love!! Your videos are so fun and you energy is just MWAH! keep living your life
“It’s sad and I don’t know why people would do this”….hmm maybe bc your company charges over $1,000 for a 1 month supply!? 🤔
No comment on why it’s so expensive here in the US. 🙄
I don't care where its from as long as its legit. There's only a market because they overprice the drug in the US.
Excellent review. I work in this industry and believe you have hit on nearly all of the channels, concerns, and dangers. There is always the question of why the product costs so much more in the US, but that will require a full video into itself.
Ozempic for rich people. Rest should be body positive :)
or stop being fat and go on a diet
Body positivity doesn't cure type 2 diabetes. It doesn't stop coronary artery disease, or the need for joint replacement surgery. It doesn't stop the cancers that obese people are more likely to get. Body positivity is great, if you are a healthy weight, otherwise these drugs are needed.
@@ChineseWinnie Yes. Just stop using drugs, and go into rehab 🥸
Many health issues stem from a lack of self-discipline. Taking control of your diet and leading a healthier lifestyle can often reduce the need for medications like Ozempic, promoting better overall well-being.
Seeing how almosy all the medicine in the US coats more over there than in the rest of the world I'd be shocked if the black market focused solely on ozempic
I’d like to hear them explain why Ozempic is sold for $64 in China and $100 in Europe, but more than $1000 in the US?
If it was actively not being price gouged and was readily available to patients criminals won't be selling them cheap
Am so glad people's eyes are open now. This is how a comment section should look like. These money hungry cooperations aren't fooling anyone anymore.
I still love my LV reverse monogram kislux clutch! It's versatile, fits a variety of items, and is definitely a workhorse! I think seeing it everywhere (like the LV speedy) is proof that it's already a classic.
here's a thought, -- if you want to curtail the counterfeiters, why do the companies dont just charge the same amount around the world? (psst, its not because they care about you)
Well the price is why you have a black market. Seems like an easy issue to solve.
I see these on Facebook marketplace all the time. On Reddit people were also discussing this, and when I advocated against buying ozempic off fb marketplace my comment was downvoted into oblivion
Anyone in Colorado wouldn't be shocked to find that in Boulder
Thank you for covering this
Good job Melissa! Good reporting and will share with those close, we all need to be aware. Long time viewer and follower of Fast Money also.
Rewind, what? If it’s gonna cost that much more in the US it’s almost like you want a black market.
The real crime is how the pharmaceutical companies in the US are allowed to charge ridiculous high prices for products. This understandably leads people to seek other venues.
Did Eli Lily pay CNBC to do this article?
We need these meds to be affordable and available! The ridiculous prices and scarcity are pushing people to take horrible risks. With the crackdown on compounding pharmacy products, people are getting desperate.
why is Wegovy more than $1000 USD in the US but I LEGITIMATELY get Wegovy in Australia for $450 AUD a month (and thats expensive because of going through a provider, i checked the chemist they place the order to , they have it for $250+ ) and thats not even covered by public funding/medicare.....
South Park 😂😂😂
Background music at the beginning reminds me of South Park latest Obesity show🤔
They're focusing on the counterfeit drugs and stopping the criminals, but if they would instead talk about and fix the root cause of the problem the market would disappear. The reason people are buying these things is because no one can afford $1000 for a drug.
It goes to show how messed up the US health care system is, when you have to put your life on the line to go out and buy drugs online that might be counterfeit because the price of the legitimate drug is ridiculous.
Bring Stephanie Janis Stiefel on the show. She changed my life Financially I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Stephanie Janis Stiefel, for her expertise and exposure to different areas of the market.
People not having medical insurance, and people with medical insurance where weight loss isn’t covered that have to try buy products outside of their insurance. There is so much wrong with the US medical system. Then manufacturers taking advantage of how bad our system is and charging the most they possibly can which causes more scammers to come into the market and offer cheaper products. It all spirals.
The question is also why the same exact legit drug is only $100 overseas but $1k in the USA. Why is the american market so exploited?
I love that he says these people are taking advantage of people. They definitely are but so are pharmaceutical companies. They sell the same stuff in other countries for much much less than over here
Mounjaro is free on the NHS in the UK if you're overweight or diabetic
Ironically if many of these companies just reduce their prices, it would shut down many of these markets and in the process of reducing prices they would make more money.
The black market is showing them their prices are too high, just reduce your prices and sell more.
How come when you had the opportunity you didn't ask him why they charge $1,000 for something that cost them $20 to manufacture. Of course when you mark a product up 50 times what it cost to manufacture people are going to get it elsewhere.
When the price of this product is 968 $ in the US this will never discourage people to buy it illegally online.
Question should be asking is why these medicine or drugs are so expensive in USA
The real question should be is why are the drug companies allowed to charge over 10 times the amount for the same drug in different markets. That seems criminal? And to hear them take a moral high ground is laughable
This is the exact plot of the South Park end of Obesity episode they did earlier this year in detail.
Why is it $1k in the US? Cause it’s billed to ins companies! If the prices were the same through every country this 💩 wouldn’t be happening!! And we wonder why ins prices are so high!
I’m paying $75/week from a beauty clinic here in Michigan. They have all types of signage outside and the country it’s in is very low crime so I’m thinking if they’re fake the clinic would’ve been shut down by now, I hope.
Is it harming consumers or competitive pricing that really is what the problem is. Somewhere,most likely someone inside sold the formula and now it’s available.