As a Dane living about one hour drive from the headquarters I can say that Novo Nordisk probably is the company in Denmark with the best reputation. It’s been like that for more than 20 years from my perspective. If you work there they will treat you good. And the thing about flashing your wealth that’s so true! Janteloven it’s called in Danish. Just because you have more than others doesn’t mean you are more important.
Janteloven is both a good and sad part of danish cultur!! I think its okey to brag about your achievement, but because of janteloven people dont do it.
@@JoopHbRPerhaps because there are already problems with Muslim immigrants and their children, and their children… down to third generation. I work with two, and they’re great. But as a minority as a whole there are problems. My fire dept. recently went around in a Muslim neighborhood to put up free smoke detectors. They had to leave because they were harassed. So I don’t think your criticism is fair.
@@JoopHbRIf you have skills and what to work, you’re welcome to live in Denmark. If you want to live on benefits and live in parallel society, you’re not welcome…
Very interesting and informative. I didn’t know Novo Nordisk was organised like this. We have a few companies organized in a similar manner here in Norway
From my admittedly limited time there I'd say the difference between Denmark and what most Americans would think of as a European socialist state is that Denmark has a freer market with less government interventionism than a lot of other European countries - albeit with higher taxes. It also has demonstrably more respect for the individual. Something like Christiania would never be tolerated somewhere like France. So it kind of has the welfare state side of a socialist country without as much of the authoritarianism/top-down control aspect.
Jens Juul Holst is the professor at the University of Copenhagen who drove the characterization GLP-1 (wegovy and Ozempic aka semaglutide are GLP-1 agonists) and its functions. Most of my peers don't like his teaching, although I enjoyed it. I appreciate the translational research carried out by companies like Novo Nordisk but these efforts are much less extensive than the basic research that underlines them. For every wonder drug there are hundreds of potential targets that did not turn out to be clinically relevant. Ultimately these drugs are the result of our understanding human physiology
The Baltics and The Baltic are different things. While you're absolutely right Denmark/Copenhagen is not commonly associated with the Baltic Sea region (unlike e.g. Gotland), it technically belongs there. In some sense it's more true than Denmark being Scandinavian, because it's really quite far from the Scandes - and a lot flatter as well ;)
they did dwarf us on Ukraine military aid related to gdp though, as well as completely overhauling their military and restarting naval and weapons production now. but ofc you can't compare them with us when we have 50 times more people lol
@@hulejul9748 buddy you didn’t even address my original point lol. The US crushes Denmark in percentage of GDP spent on defense. That’s actually significant little bro, it goes toward defense spending and research benefitting all members, not just some relatively tiny check being thrown into the Ukrainian money hole.
While companies like Coca-Cola contribute to obesity through sugary beverages, pharmaceutical companies such as Novo Nordisk profit from this issue by selling weight loss medications like Wegovy
They have dropped quite a few places. They used to be the 12th biggest company in the world, a month or two ago. Now they are 21th. Nvidia, Apple, Microsoft, Amazon, Alphabet (Google), Saudi Aramco, Meta (Facebook), Tesla, Berkshire, TSMC, Broadcom, Eli Lilly, JPMorgan, Walmart, Visa, UnitedHealth, Exxon Mobil, Oracle, Mastercard and Tencent are now bigger, in that order. Novo stocks have dropped around 25% recently.
If your interested, Novo Nordisk stock represents good value right now, its recently dipped and buying at a discount makes a lot of of sense, it's the current market leader with Ozempic/Wegovy
For a company that's charging Americans 100 times more than everybody else, this is way too nice of a portrayal. Their Insulin story is als not as nice as portrayed, as they're only one of three companies producing it and very much part of that cartel, regardless of the original patent's license agreement to be "for the benefit of society". But of course, Novo Nordisk's ad spending with CBS is significant.
I think Anders is forgetting some Danish giants: LEGO, the world’s biggest toy company; DSV, the largest logistics firm globally; and Maersk, the leader in container shipping worldwide!
60 Minutes should look into the pancreatitis that is rampant in patients who are on Ozempic... I had a patient who was hospitalized for over 2 months with the worst pancreatitis I've ever seen... 4 abdominal drains... he lost 40 pounds the hard way after just 4 doses of Ozempic.
Novo is big on market cap, but Maersk shipping was traditionally the big company measures at revenue, ships and global presence. Carlsberg, Pandora & LEGO on brand recognition. ISS on number of employees. But several Danish companies are big within their segment. Arla Foods as a dairy. Danish Crown on pork. Novozymes. Grundfos on pumps. Danfoss. DSV. Vestas Wind Systems.
Yes, you are correct - however none of the aforementioned companies are, or have been as big as Novo Nordisk has, furthermore, have not had as big of an economical impact as Novo Nordisk. men vi er fandme gode, det er vi. Det er helt vildt at se Arla i USA, VWS vindmøller over alt på jorden osv.
She isnt a millionaire most likely because she made the discovery while working under a company and therefore the company owns the rights to the results. If the company wasnt greedily raking in the cash for the product, the drug would not cost so much.
It's not the fault of Novo, that the medicine is so expensive in the US. The demand for these drugs worldwide, are so big that the company is now investing 25% of its yearly revenue, to build new factories. Someone has to pay for that. Over time, the drug will fall in price, but the current costs we pay in other countries, is needed to get over this hurdle.
Would be great to know Novo's sale price of Ozempic to US pharma. Yes, there are other costs involved in providing a product; however, the report suggests IT IS NOT Novo doing the big mark ups $$, mmh.
yeah its a nonprofit philanthropic bigger than gates based in denmark for the sole purpose of healthcare what better healthcare than to save your childrens lives period (at all) help for denmark peoples to be 1 less country to worry because the size of the fund cannot save the whole world also because the complexity of global warming problems you can here at least easily break down into state boundaries since other countries has vastly different problems solutions so the peoples of an individual country knows best for them makes any sense? population is only 6 million is managable while that is small, it can at least be an example for others for example denmark within eu can relatively help neighbours or further away links to other countries, it makes a sense see it is trying to make a sense for other people they can help what more can possibly do here
I have always thought that we in the US should outlaw such advertisements for drugs that require a prescription. The target audience for such efforts are physicians and therefore the saturation of advertising $ against the general public is annoying. In addition, the obesity and type 2 diabetes or insulin resistance problem is caused by the government promoted diet (SAD) and the promotion and subsidies granted to manufacturers of highly processed "foods'".
What an insult...Denmark is NOT a Baltic country. 🤔🇩🇰 Baltic countries is eastern Europe and Denmark is the Northern Europe called Scandinavia. Doesn't 60 minutes know that ? 😳
Denmark, is part of Scandinavia, not the Baltics. The Baltics is not part of Scandinavia. 44 seconds in, you ruined the rest of the message, because you cannot think for your self.
Just came back from a stay at Ubberup adult education. Lars was one of my teachers. Learned a lot ! Looking forward to going back ☺ ! Lars is so right.., so much depends on you willing to change your lifestyle. Medicine is not gonna do it for you !
As someone who actually needs these drugs due to diabetes, I'm going to call out the "capitalist" remark. Profit should have no place in healthcare. Happy for the Danes, but values? Same old same old. I'm not fooled by that song and dance. Shame on Novo, and shame on 60 minutes for basic propaganda. The founders would not approve.
Ozempic has shown promise in managing blood sugar levels and aiding weight loss. However, it's important to be aware of potential side effects While current studies indicate Ozempic's effectiveness, long-term research is necessary to fully understand its sustained benefits and potential risks over extended use. ruclips.net/video/dyDMfJNTtzg/видео.html
Tiny? We are the biggest in Europe after Russia. And if we count ezz then... And we are by far the largest by area by Capita. Almost a km2 per person. If you count Siberia and Sahara and Alaska then Greenland is more than worthy of counting too.
What's interesting is if the CEO is only getting a 10million pay package why the hell does it cost $1400-$1600 in the US not all insurances cover it, also I've heard other countries only pay $80-$100 for it..... So who the hell is at fault for the price in the US?
How do you not understand your own medical system? In The USA the middleman, i.e. pharmacy benefit managers (PBM's), provide a useless but artificially necessary service which raises drug prices by like 1/3, then you have drug manufacturers which have monopolistic power, insurance companies, private equity debt leveraging on hospitals, device manufacturers, distributors, billing & data companies. Each of these takes a nicely sized gross margin and it compounds to make it very expensive for you at sale. Drugs are cheaper elsewhere largely because of state bargaining, stricter regulation, public insurance, public hospitals and streamlined insurance and tax regulations.
It’s 95 euro here in my country. Our government negotiates with the manufacturers and sets a price they are willing to pay. The only downside is that if there is a shortage, and there is nothing in the contract about it, the countries that pay for example $1600 will get it first cause of the profit margins.
It’s the result of the fragmented US healthcare system with actors such as PBMs and other actors lacking pooled bargaining power. But Americans want that, they think a one payer system is socialism and bad.
The CEO was asked this in the Congressional hearings they mentioned in this video. While he wouldn't (or couldn't) say exactly how much Novo makes per unit, it's estimated to be somewhere around 20-30% of the price. So that means that 70-80% of the price is "wasted" in the US system of middlemen and insurance companies. It's an absurd system that only benefits a very small group of people.
Novo Nordisk is certainly helpful to the Danish economy but please don't talk about 'trickle down'! The concept is abused to make people accept inequality in society. This is very lucrative to the rich. The most helpful effect of Novo Nordisk is taxes, company taxes and taxes paid by the many scientists with high salaries. The tax money allows Denmark to be e.g. in front in the struggle for freedom and democracy, no country donate so much to Ukraine compared to the number of citizens. These Novo Nordisk scientists repeatedly produces cash cows to the company. When Wegovy and Ozempic begin to fade they may have something new, Nokia only had telephones. Though nothing may beat Wegovy as obesity is a natural thing in a society with the structure of the US.
You're talking rubbish. There is lots of trickle down. Novo is not only a company, it is a workplace and they employ thousands of people in both Denmark and all over the globe. And those employees earn money, which they then use to buy things and services thus creating new jobs. On top of that there is the health benefits coming from using the drugs that Novo make, those benefits not only help the individual they benefit their employees, their families and society as a whole.
@@bzdtemp No rubbish here! The effects you mention are true but overestimated except the last part. The rich use different ways to stay rich, they can easily support the parties securing their status and they've successfully created the myth of the trickle down effect. As in all good manipulations there is an element of truth in it. In countries where the mass medias are mostly controlled by the rich for instance the US and UK we have seen a dramatic rise in inequality. The recent election of the convicted felon is caused by the frustration of the losers of that game.
@@bzdtemp No rubbish here! The effects you mention are true but overestimated except the last part. The rich use different ways to stay rich, they can easily support the parties securing their status and they've successfully created the myth of the trickle down effect. As in all good manipulations there is an element of truth in it. In countries where the mass medias are mostly controlled by the rich for instance the US and UK we have seen a dramatic rise in inequality. The recent election of a convicted felon giving tax cuts to the rich is caused by the frustration of the losers of that game.
You literally just described trickle-down economics in action 🤣 What did you think trickle down was? The only thing you left out was the effect of the well-paid employees spending their money in the Danish economy.
NOT to profit from insulin, ha. Thank goodness many people from the US cross the border into Mexico to buy their insulin at affordable prices, yes, same quality.
Denmark and Novo Nordisk is so NOT America and for the better. By so many matrix it is far beon the US regarding standard of living, happines, safety and lack of corruption. 94% of the population dont mind paying high taxes, because it is redistributed back in the individuel and invested in the country for everyone to enjoy.
About 5 dollars to make and it's available here for 1000.00 plus dollars .In other countries it's about 89.00 a month . Insurance won't approve but hospitals love it because if they keep you sick they make money 🤑🤑
You don’t consider the r&d for this drug and all the drugs that didn’t make it to market. Salaries. The building of factories. And don’t forget who makes the most money on these drugs, those are the American intermediaries! I can recommend to watch the senate hearing with Jørgensen. Senators were asking him how to fix the broken American system!
Besides, very few Americans actually pay that price. For those poor who cannot afford and qualify, Novo has a program which gives it away free. It’s called PAP.
It is not how it works in Denmark.... you will typically not get a large bonus just because you discoveres at new valuable product..... you will get a you salary and a little bonus..... and you could get a promotion and a little ekstra pay....... I Denmark alle people almost earn the same.... not a big difference........
My parents are Danish but i was born overseas. I lived there as an adult for 2 years. All my extended family is in denmark. As much as i love it, i hate and loathe the racism - putrid.
It's not stupid if it's impossible to cure the cause of the weight gain. Then you have to cure the symptoms. The US system is set up for people to fail and gain weight. No one is interested in the reforms necessary to take all the unhealthy crap out of people's diets and in stuff like healthy school lunches. Then you're accused of being a communist if you just want to make people healthier.
As a Dane living about one hour drive from the headquarters I can say that Novo Nordisk probably is the company in Denmark with the best reputation. It’s been like that for more than 20 years from my perspective. If you work there they will treat you good. And the thing about flashing your wealth that’s so true! Janteloven it’s called in Danish. Just because you have more than others doesn’t mean you are more important.
Janteloven is both a good and sad part of danish cultur!! I think its okey to brag about your achievement, but because of janteloven people dont do it.
@@lester8403To be proud of one's achievements is one thing. To brag is another.
wish china had the same value. but it probably won't change in this century or this millennia
I love Denmark, great people, some of the best civil rights and quality of living in the entire world.
And that’s why when NATO falls, Denmark is in Russia’s crosshairs… You guys treat your citizens too good and Putin don’t like that…
The love is not mutual, when you are an immigrant in Denmark. Their policy is very anti-immigration, compared to other EU countries
@@JoopHbROnly from certain parts of the world. If an American want to settle in Denmark they are very much welcome.
@@JoopHbRPerhaps because there are already problems with Muslim immigrants and their children, and their children… down to third generation. I work with two, and they’re great. But as a minority as a whole there are problems. My fire dept. recently went around in a Muslim neighborhood to put up free smoke detectors. They had to leave because they were harassed. So I don’t think your criticism is fair.
@@JoopHbRIf you have skills and what to work, you’re welcome to live in Denmark. If you want to live on benefits and live in parallel society, you’re not welcome…
Very interesting and informative. I didn’t know Novo Nordisk was organised like this. We have a few companies organized in a similar manner here in Norway
I have used Ozempic and it has helpt me to control my diabetes AND my weight 😊 I am so grateful for the help of this medicin 😊 🇸🇪
This integrity and teamwork the CEO is referring to is actually a very efficient way of achieving goals.
Small error: Denmark is not in “the Baltics”
He said “the Baltic” which is the sea, which is where he traveled to (Copenhagen). He was right.
was just about to write the same .. WE ARE SCANDINAVIAN NOT BALTIC
@@wendictive yes we are, but he didn’t say “the baltics”, he said “the baltic” as in the sea.
@@carscloseup Bornholm?
@@marrymailand7792 Bornholm is an island in Østersøen, not in the Baltic Sea.
Danish are my fave people in the world. Most of friends who are Danes were extremely humble and deeply invested in true happiness. I love them.
Aw that is some nice words
@@inigojuancarlos Then you haven’t met Swedes. 😀
And if he is lucky, he never will.
@@ricksto9819 He said humble... Not irrationel ;-P
And most americans would call us socialist.
Living the american dream is more likely in Denmark than in the US.
From my admittedly limited time there I'd say the difference between Denmark and what most Americans would think of as a European socialist state is that Denmark has a freer market with less government interventionism than a lot of other European countries - albeit with higher taxes. It also has demonstrably more respect for the individual. Something like Christiania would never be tolerated somewhere like France. So it kind of has the welfare state side of a socialist country without as much of the authoritarianism/top-down control aspect.
Give that woman a Nobel prize
Jens Juul Holst is the professor at the University of Copenhagen who drove the characterization GLP-1 (wegovy and Ozempic aka semaglutide are GLP-1 agonists) and its functions. Most of my peers don't like his teaching, although I enjoyed it. I appreciate the translational research carried out by companies like Novo Nordisk but these efforts are much less extensive than the basic research that underlines them. For every wonder drug there are hundreds of potential targets that did not turn out to be clinically relevant. Ultimately these drugs are the result of our understanding human physiology
Denmark is NOT a part of the Baltic. It is a part of Scandinavia
The Baltics and The Baltic are different things. While you're absolutely right Denmark/Copenhagen is not commonly associated with the Baltic Sea region (unlike e.g. Gotland), it technically belongs there. In some sense it's more true than Denmark being Scandinavian, because it's really quite far from the Scandes - and a lot flatter as well ;)
The Danes could teach the united States how to become human again. Their way of thinking would make the world a better place.
Denmark is a little fairy tail country that wouldn’t exist in its modern state without the US lol. Look no further than their nato spending vs the US
they did dwarf us on Ukraine military aid related to gdp though, as well as completely overhauling their military and restarting naval and weapons production now. but ofc you can't compare them with us when we have 50 times more people lol
@@hulejul9748 I'm talking about the people.
I'm sick of the hate being spread in our country..
@@JPriz416 yeah I know. my reply was to the other guy 😊
@@hulejul9748 buddy you didn’t even address my original point lol. The US crushes Denmark in percentage of GDP spent on defense. That’s actually significant little bro, it goes toward defense spending and research benefitting all members, not just some relatively tiny check being thrown into the Ukrainian money hole.
I'm glad that the true vikings of scandinavia make successfully medicine to help people in the world.
These GLP1 drugs are truly astonishing. Great advancements.
Incredible that Novo Nordisk now is bigger than Coca Cola!
its a juggernaut of a company. 🤑
While companies like Coca-Cola contribute to obesity through sugary beverages, pharmaceutical companies such as Novo Nordisk profit from this issue by selling weight loss medications like Wegovy
They have dropped quite a few places. They used to be the 12th biggest company in the world, a month or two ago. Now they are 21th.
Nvidia, Apple, Microsoft, Amazon, Alphabet (Google), Saudi Aramco, Meta (Facebook), Tesla, Berkshire, TSMC, Broadcom, Eli Lilly, JPMorgan, Walmart, Visa, UnitedHealth, Exxon Mobil, Oracle, Mastercard and Tencent are now bigger, in that order.
Novo stocks have dropped around 25% recently.
And so what?
If your interested, Novo Nordisk stock represents good value right now, its recently dipped and buying at a discount makes a lot of of sense, it's the current market leader with Ozempic/Wegovy
As a Dane I didn't know the Novo fund was the biggest in the world. I thought the gates fund was bigger.
For a company that's charging Americans 100 times more than everybody else, this is way too nice of a portrayal. Their Insulin story is als not as nice as portrayed, as they're only one of three companies producing it and very much part of that cartel, regardless of the original patent's license agreement to be "for the benefit of society". But of course, Novo Nordisk's ad spending with CBS is significant.
Cadeau to the woman who discovered it but prefer her ordinary life rather than becoming rich
This would not happen in any other country
I think Anders is forgetting some Danish giants: LEGO, the world’s biggest toy company; DSV, the largest logistics firm globally; and Maersk, the leader in container shipping worldwide!
can you imagine if people here in the US think about people In Denmark???
60 Minutes should look into the pancreatitis that is rampant in patients who are on Ozempic... I had a patient who was hospitalized for over 2 months with the worst pancreatitis I've ever seen... 4 abdominal drains... he lost 40 pounds the hard way after just 4 doses of Ozempic.
You're a doctor? Then you know that any medicine can have side effects, on a number of patients.
Heart attack or Pancreatitis? People choose health
Excellent and accurate portrayal 🙏
Novo is big on market cap, but Maersk shipping was traditionally the big company measures at revenue, ships and global presence.
Carlsberg, Pandora & LEGO on brand recognition.
ISS on number of employees.
But several Danish companies are big within their segment. Arla Foods as a dairy. Danish Crown on pork. Novozymes. Grundfos on pumps. Danfoss. DSV. Vestas Wind Systems.
Yes, you are correct - however none of the aforementioned companies are, or have been as big as Novo Nordisk has, furthermore, have not had as big of an economical impact as Novo Nordisk.
men vi er fandme gode, det er vi. Det er helt vildt at se Arla i USA, VWS vindmøller over alt på jorden osv.
My friend Kel Varnson, recommended this to me so I saw my doctor, Dr. Van Nostrand and he prescribed it to me. I've lost a few pounds so far.
She isnt a millionaire most likely because she made the discovery while working under a company and therefore the company owns the rights to the results. If the company wasnt greedily raking in the cash for the product, the drug would not cost so much.
It's not the fault of Novo, that the medicine is so expensive in the US.
The demand for these drugs worldwide, are so big that the company is now investing 25% of its yearly revenue, to build new factories. Someone has to pay for that. Over time, the drug will fall in price, but the current costs we pay in other countries, is needed to get over this hurdle.
we did not get the memo of insulin being free and for the good of humanity
Inform your self. Insulin is not just one thing, that is like saying all cars are the same and have no evolved since the Model T.
Having money doesn’t mean not paying taxes 😂
Thank you
Would be great to know Novo's sale price of Ozempic to US pharma. Yes, there are other costs involved in providing a product; however, the report suggests IT IS NOT Novo doing the big mark ups $$, mmh.
yeah its a nonprofit philanthropic bigger than gates
based in denmark for the sole purpose of healthcare
what better healthcare than to save your childrens lives
period (at all)
help for denmark peoples to be 1 less country to worry
because the size of the fund cannot save the whole world
also because the complexity of global warming problems
you can here at least easily break down into state boundaries
since other countries has vastly different problems solutions
so the peoples of an individual country knows best for them
makes any sense? population is only 6 million is managable
while that is small, it can at least be an example for others
for example denmark within eu can relatively help neighbours
or further away links to other countries, it makes a sense
see it is trying to make a sense for other people they can help
what more can possibly do here
Impressive. … good and wish to be Danish… want to live their !
I have always thought that we in the US should outlaw such advertisements for drugs that require a prescription. The target audience for such efforts are physicians and therefore the saturation of advertising $ against the general public is annoying. In addition, the obesity and type 2 diabetes or insulin resistance problem is caused by the government promoted diet (SAD) and the promotion and subsidies granted to manufacturers of highly processed "foods'".
What an insult...Denmark is NOT a Baltic country. 🤔🇩🇰 Baltic countries is eastern Europe and Denmark is the Northern Europe called Scandinavia. Doesn't 60 minutes know that ? 😳
Denmark, is part of Scandinavia, not the Baltics. The Baltics is not part of Scandinavia. 44 seconds in, you ruined the rest of the message, because you cannot think for your self.
Small error: we do not do fishing in denmark! The agriculture has killed all our ocean life 😢
Just came back from a stay at Ubberup adult education. Lars was one of my teachers. Learned a lot ! Looking forward to going back ☺ ! Lars is so right.., so much depends on you willing to change your lifestyle. Medicine is not gonna do it for you !
"The Baltic"?
3:45 "finally we have a company much bigger than thr SWEDES have!" LMAOOOO
We have a 1000 year long rivalry, hard to let it go 😂😂😂
Sibling rivalry - but you'd be sorry to test our sibling loyalty!
Eh we already had Maersk.
Denmark is not a Baltic country ( Estonia, Latvia, and Lithuania.)
Han snakker om det baltiske hav (østersøen) han sage "Baltic" og ikke "Baltic's" som er øst Europa.
03:50 First time lol... look at LEGO and Maersk before said that...
"Yes, Happy"! #Dane.😂
American's learn a !it form this CEO. How much money is to much money ?
Uma Thurman?
Wasn’t there some oil in deep fry that claim you didn’t gain weight, it was in potato chips.
Olestra
Interesting
9:40 jantelov er skørt
As someone who actually needs these drugs due to diabetes, I'm going to call out the "capitalist" remark. Profit should have no place in healthcare. Happy for the Danes, but values? Same old same old. I'm not fooled by that song and dance. Shame on Novo, and shame on 60 minutes for basic propaganda. The founders would not approve.
It's the PBMs in the US, that make almost all the money. Watch the Bernie hearing.
🇩🇰🇩🇰🇩🇰🇩🇰🇩🇰🇩🇰🇩🇰🇩🇰🇩🇰🇩🇰🇩🇰🇩🇰🇩🇰🇩🇰🇩🇰🇩🇰🇩🇰🇩🇰🇩🇰🇩🇰🇩🇰🇩🇰🇩🇰🇩🇰🇩🇰 here
Ozempic has shown promise in managing blood sugar levels and aiding weight loss. However, it's important to be aware of potential side effects
While current studies indicate Ozempic's effectiveness, long-term research is necessary to fully understand its sustained benefits and potential risks over extended use. ruclips.net/video/dyDMfJNTtzg/видео.html
Tiny? We are the biggest in Europe after Russia. And if we count ezz then...
And we are by far the largest by area by Capita. Almost a km2 per person. If you count Siberia and Sahara and Alaska then Greenland is more than worthy of counting too.
0:43 Baltic? You won’t end up here
The Baltic region, which they are referring to, is the countries that have shorelines along the Baltic Sea. Denmark is very much a part of this.
@ No. The Baltic is 3 countries Not us
Oooh Americans… “we travel to the baltics”…. We are not baltics… we are Scandinavians ffs…
Hey 👋
I don't want to see it either.
"Müsli munching cyclists" DAMN okay bro, is that a racial insult? Lmaoo
I'm eating muesli now
0:44: "we traveled to the Baltic". Denmark is not a Baltic country. It's Skandinavian.
The Baltic betyder Østersøen.
The Baltic region, which they are referring to, is the countries that have shorelines along the Baltic Sea. Denmark is very much a part of this.
Here they come…
What's interesting is if the CEO is only getting a 10million pay package why the hell does it cost $1400-$1600 in the US not all insurances cover it, also I've heard other countries only pay $80-$100 for it..... So who the hell is at fault for the price in the US?
DRUG COMPANYS AND THE GOVERNMENT
How do you not understand your own medical system? In The USA the middleman, i.e. pharmacy benefit managers (PBM's), provide a useless but artificially necessary service which raises drug prices by like 1/3, then you have drug manufacturers which have monopolistic power, insurance companies, private equity debt leveraging on hospitals, device manufacturers, distributors, billing & data companies.
Each of these takes a nicely sized gross margin and it compounds to make it very expensive for you at sale. Drugs are cheaper elsewhere largely because of state bargaining, stricter regulation, public insurance, public hospitals and streamlined insurance and tax regulations.
It’s 95 euro here in my country. Our government negotiates with the manufacturers and sets a price they are willing to pay. The only downside is that if there is a shortage, and there is nothing in the contract about it, the countries that pay for example $1600 will get it first cause of the profit margins.
It’s the result of the fragmented US healthcare system with actors such as PBMs and other actors lacking pooled bargaining power. But Americans want that, they think a one payer system is socialism and bad.
The CEO was asked this in the Congressional hearings they mentioned in this video. While he wouldn't (or couldn't) say exactly how much Novo makes per unit, it's estimated to be somewhere around 20-30% of the price. So that means that 70-80% of the price is "wasted" in the US system of middlemen and insurance companies. It's an absurd system that only benefits a very small group of people.
Novo Nordisk is certainly helpful to the Danish economy but please don't talk about 'trickle down'! The concept is abused to make people accept inequality in society. This is very lucrative to the rich.
The most helpful effect of Novo Nordisk is taxes, company taxes and taxes paid by the many scientists with high salaries. The tax money allows Denmark to be e.g. in front in the struggle for freedom and democracy, no country donate so much to Ukraine compared to the number of citizens.
These Novo Nordisk scientists repeatedly produces cash cows to the company. When Wegovy and Ozempic begin to fade they may have something new, Nokia only had telephones. Though nothing may beat Wegovy as obesity is a natural thing in a society with the structure of the US.
You're talking rubbish. There is lots of trickle down.
Novo is not only a company, it is a workplace and they employ thousands of people in both Denmark and all over the globe. And those employees earn money, which they then use to buy things and services thus creating new jobs.
On top of that there is the health benefits coming from using the drugs that Novo make, those benefits not only help the individual they benefit their employees, their families and society as a whole.
@@bzdtemp No rubbish here! The effects you mention are true but overestimated except the last part.
The rich use different ways to stay rich, they can easily support the parties securing their status and they've successfully created the myth of the trickle down effect. As in all good manipulations there is an element of truth in it. In countries where the mass medias are mostly controlled by the rich for instance the US and UK we have seen a dramatic rise in inequality.
The recent election of the convicted felon is caused by the frustration of the losers of that game.
@@bzdtemp No rubbish here! The effects you mention are true but overestimated except the last part.
The rich use different ways to stay rich, they can easily support the parties securing their status and they've successfully created the myth of the trickle down effect. As in all good manipulations there is an element of truth in it. In countries where the mass medias are mostly controlled by the rich for instance the US and UK we have seen a dramatic rise in inequality.
The recent election of a convicted felon giving tax cuts to the rich is caused by the frustration of the losers of that game.
@@bzdtemp I'm not allowed to show you that I don't talk rubbish. I'm repeatedly censored.
You literally just described trickle-down economics in action 🤣 What did you think trickle down was? The only thing you left out was the effect of the well-paid employees spending their money in the Danish economy.
NOT to profit from insulin, ha. Thank goodness many people from the US cross the border into Mexico to buy their insulin at affordable prices, yes, same quality.
Denmark is not in the Baltic.
It’s the capital of Finland.
The Baltic region, which they are referring to, is the countries that have shorelines along the Baltic Sea. Denmark is very much a part of this.
Novo and Lego
you forgot maersk
Imagine that , NO PHARMACEUTICAL GREED !!!
If only … 😌… 🇺🇸 😤
Welcome to the most wackest place where we pay 38% in tax n a burger cost 20 $😅
Denmark and Novo Nordisk is so NOT America and for the better. By so many matrix it is far beon the US regarding standard of living, happines, safety and lack of corruption. 94% of the population dont mind paying high taxes, because it is redistributed back in the individuel and invested in the country for everyone to enjoy.
❤
#pbmreform
Didn't bother to watch this. Just thought I'd comment fake news.
You are commenting on something you haven't seen, so your comment is fake.
@kieranwhittemore1010 don't have to see it. Its CNN. ITS FAKE
take note USA
About 5 dollars to make and it's available here for 1000.00 plus dollars .In other countries it's about 89.00 a month . Insurance won't approve but hospitals love it because if they keep you sick they make money 🤑🤑
In this part of the world hospitals are free and non-profit. Life saving medicines for things like diabetes are free
Just wait until a 20% tariff gets added.
You don’t consider the r&d for this drug and all the drugs that didn’t make it to market. Salaries. The building of factories. And don’t forget who makes the most money on these drugs, those are the American intermediaries! I can recommend to watch the senate hearing with Jørgensen. Senators were asking him how to fix the broken American system!
Besides, very few Americans actually pay that price. For those poor who cannot afford and qualify, Novo has a program which gives it away free. It’s called PAP.
Do you know for a fact, that it cost 5 bucks to make? I don’t think so…
This is a paid promotion. Why isn't it mentioned?
Because it's a documentary.
@@kieranwhittemore1010 at this point this is more a giant commercial than a documentary with actual information.
Gueß what it Doesnt Work its bad for you
Cite your sources. They did a TON of testing before releasing it.
Guess what, these drugs became so popular, because of TikTok videos, praising the drug. So it clearly works.
Next step: invent more diabetics
there is not equal access to health care it slowly privatizes
🇩🇰💪
novo norrdic mafia
PBM mafia. Not Novo Nordisk.
Denmark is not a Baltic country sir. Try again :)
Easy on the puns
Tyrifiyng
She dont care about money cause SHE HAVE A LOT OF MONEY
It is not how it works in Denmark.... you will typically not get a large bonus just because you discoveres at new valuable product..... you will get a you salary and a little bonus..... and you could get a promotion and a little ekstra pay....... I Denmark alle people almost earn the same.... not a big difference........
@@kennethjensen1166 sure
When he starts to say that Denmark is part of the Baltics you just know the rest is pure nonsens
Baltic = Østersøen in Danish.
@ That is the Baltic sea. The Baltic is reffering to Estonia, Latvia and Lithuania.
My parents are Danish but i was born overseas. I lived there as an adult for 2 years. All my extended family is in denmark. As much as i love it, i hate and loathe the racism - putrid.
There’s less racism in Denmark compared to other countries. Is it because of stringent immigration rules? Well, that has nothing to do with race…
What racism?
60 minutes really is a show designed for idiots that wanna feel like they're smart ...
You're not very convincing without any argument.
How stupid it is to rely on medication for weight loss.
Yes,
but it is even more stupid to continue the status quo and do nothing.
And Die
If a drug can help why should people take it.
How stupid do you have to be not to understand, that weight problems can have lots of reasons?
It's not stupid if it's impossible to cure the cause of the weight gain. Then you have to cure the symptoms.
The US system is set up for people to fail and gain weight. No one is interested in the reforms necessary to take all the unhealthy crap out of people's diets and in stuff like healthy school lunches. Then you're accused of being a communist if you just want to make people healthier.