Quick Answer: Why is there a black market for diabetic test strips?

Test strips that are expired, exposed to heat, or used on a meter other than the one they were made for can produce inaccurate results. Despite the risks of using second-hand supplies, the soaring cost of being a healthy diabetic explains why this black market has developed.

Can you sell diabetic test strips?

It’s legal to sell your diabetic test strips. Diabetic test strips are sold over the counter at most major retailers and you do not need a prescription to purchase them.

What does cash for diabetic strips mean?

A half-dozen-or-so handwritten signs can be seen at various intersections promising “cash” for the test strips, which allow diabetics to gauge the amount of sugar in their blood several times a day.

Why would anyone buy diabetic test strips?

“Test strips are absolutely necessary for anyone who uses insulin to be able to safely adjust the dose of insulin to a person’s blood glucose levels,” Petersen said in an email. “They are also helpful for people with diabetes who don’t use insulin to know how well they’re managing their diabetes.”

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How can I get free diabetic test strips?

How to get free diabetic supplies

  1. Free products from drug manufacturers.
  2. Patient assistance programs and other non-profits.
  3. Veteran benefits.
  4. Insurance, Medicare, or Medicaid coverage.
  5. State savings programs for residents.

Can you sell test strips?

Some clinicians are surprised to learn of this vast resale market, but it has existed for decades, an unusual example of the vagaries of American health care. Unlike the resale of prescription drugs, which is prohibited by law, it is generally legal to resell unused test strips.

What metal is in diabetic test strips?

Diabetes test strips pack a lot of technology into a small space. The plastic strips are coated with a very thin layer of gold. The gold is cut into a pattern that becomes the strip’s circuit. One end of the strip also has a coating of chemicals.

How much are diabetic test strips?

But you should be able to buy one for $40 to $60. Diabetes test strips can cost around $100 a month. Test strips are pricey, but you must have them to avoid problems. Checking only once or twice a day can save money on test strips.

Can you use expired diabetes test strips?

The US Food and Drug Administration (FDA) even specifically warns against using expired diabetes test strips as they might lead to inaccurate results. Most experts maintain that the test strips should be used before the expiration date, which should be found on the strips or the box, in which they arrived.

Who buys Prodigy?

Upstart (NASDAQ:UPST) to acquire Prodigy Software, a provider of cloud-based automotive retail software. Prodigy is the first end-to-end sales software that bridges the gap between how dealerships operate and the new way that people are shopping for cars. More than $2B in vehicle sales have been powered by Prodigy.

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Can you sell diabetic pen needles?

While it’s against the law to sell prescription drugs online, you can legally sell diabetic testing supplies, unless the come from a free government health program like Medicare, Medicaid or the VA. A recent inspector general report says Medicare spends more than a billion dollars a year on test strips.

How can I check my blood sugar without a meter?

One option is to prick the side of your finger tip instead. This part of the finger might be less sensitive. You should also read the instructions on your device. Depending on the device, you might be able to prick your palm, arm, or thigh and get an accurate reading.

How many diabetic test strips will Medicare pay for?

Medicare Part B covers the same type of blood glucose testing supplies for people with diabetes whether or not they use insulin. However, the amount of supplies that are covered varies. Uses insulin, they may be able to get up to 100 test strips and lancets every month, and 1 lancet device every 6 months.

Does insurance cover diabetes supplies?

of some of the diabetes services and supplies covered by Medicare Part B (Medical Insurance) and Medicare drug coverage (Part D). Generally, Part B covers the services that may affect people who have diabetes. Part B also covers some preventive services for people who are at risk for diabetes.