Chart Comparing Global Drug Prices Exposes How US Govt Creates Mega Profits for Big Pharma
After Martin Shkreli raised the price of Daraprim, which costs one
dollar to produce, from $13.50 per pill to $750 per pill, the public and
media roundly panned the Turing Pharmaceuticals CEO for gouging
patients in need of life-saving medicine.
While Shkreli’s move may have been extremely ostentatious, and drawn
the public’s attention, the issue of overpriced drugs in America is one
that is not confined to Shkreli and Turing Pharmaceuticals.
Drug prices in the U.S. have been skyrocketing for years. The latest data indicates that drug prices in the United States are often up to 10 times more expensive than in almost all other developed countries.
While some contend that this is a problem with the market itself,
they are incorrect. It’s the government, not the market that is to blame
for this situation.
