Accad: Drug Shortages, Price Gouging, and Our Broken Health Care System

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Accad: Drug Shortages, Price Gouging, and Our Broken Health Care System

  • Drug Shortages, Price Gouging, and Our Broken Health Care System

October 1, 2015

Mises Daily Wednesday

Dr. Michel Accad writes: 

The shaming campaign that followed last week’s news of two generic drug prices somersaulting into the stratosphere after being acquired by private companies is not too surprising. The idea that a drug which cost $13.50 one day can cost $750 the next, seemingly on the whim of greedy Wall Street investors and pharma start-ups, is fodder for the outrage machine.

But what the outrage machine does not realize is the extent to which the generic healthcare supplies are constantly on the brink of shortage.

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