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

October 1, 2015 - 8:28 AMMises Institute [1]

Mises Daily Wednesday [2]

Dr. Michel Accad writes: 

The shaming campaign that followed last week’s news [3] 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.


Source URL:https://mises.org/wire/accad-drug-shortages-price-gouging-and-our-broken-health-care-system

Links
[1] https://mises.org/profile/mises-institute [2] https://mises.org/library/drug-shortages-price-gouging-and-our-broken-health-care-system [3] http://www.nytimes.com/2015/09/21/business/a-huge-overnight-increase-in-a-drugs-price-raises-protests.html?_r=0