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The Shkreli Effect
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You don't think we have a problem with prescription drug prices? This company's chosen to jack up the price of generic Lomotil, an anti-diarrheal drug, by 400%, the reason being: Because they can. Really, that's it. The prices for five other drugs jumped at the beginning of this month by between 75% and 430%. You pay even if it's covered by insurance, since your, and everyone else's, premiums have to go up to cover the difference (and give the insurers the profit, too). This really isn't sustainable. (Reuters via CNBC)
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