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Data: RAND; Chart: Sara Wise/Axios

The U.S.pays several times more for insulin than any other developed country, according to a new RAND report.

Note: The chart above is comparing the U.S. to the other most expensive countries. The average OECD price, excluding the U.S., was about 11 times less than what the U.S. paid in 2018.

Why it matters: Insulin is an old drug and has been a poster child for excessive drug pricing for years, and yet nothing has been done that would significantly bring down its price.

Between the lines: This analysis focuses on list prices, not net prices after rebates. But the authors note that U.S. prices would still have been around four times higher than those in other countries even when accounting for rebates

Go deeper

Ben Geman, author of Generate
Jan 13, 2021 - Economy & Business

U.S. oil production's long road back from COVID-19

Data: U.S. Energy Information Administration; Chart: Axios Visuals

Fresh U.S. government projections of U.S. oil production underscore how it will be a long time before the country again reaches its record pre-pandemic output — if ever.

Why it matters: The Energy Information Administration's outlook published Tuesday provide the first glimpse at where they see U.S. output in 2022 — at a substantial, but nowhere near complete, recovery.

1 hour ago - World

U.S. will give Russians written response to NATO demands, Blinken says

Blinken and Lavrov shake hands in Geneva. Photo: Russian Foreign Ministry / Handout/Anadolu Agency via Getty Images

Secretary of State Antony Blinken confirmed after a meeting with his Russian counterpart on Friday that the U.S. will provide written answers to Russia's security demands next week.

Why it matters: Russia claims to be waiting for "concrete answers" to its demands that NATO rule out further expansion and roll back its presence in eastern Europe before deciding its next steps on Ukraine. But the U.S. and NATO have called those proposals "non-starters," and Friday's meeting offered no breakthroughs, so it's unclear how written answers might change the equation.

More surprises await scientists at Antarctica's "Doomsday Glacier"

Cliffs along the edge of the Thwaites Ice Shelf in West Antarctica. Photo: James Yungel/NASA

Researchers like David Holland, an atmospheric scientist at New York University, are in a race to understand the fate of a massive glacier in West Antarctica that has earned a disquieting nickname: "The Doomsday Glacier."

Why it matters: Studies show the Thwaites Glacier (its official name) could already be on an irreversible course to melt during the next several decades to centuries, freeing up enough inland ice to raise global sea levels by at least several feet.