in Check It Out, Health, Rant

The Price of This Drug Went Up 100,000 Percent Since 2001 for No Good Reason

Pharmaceutical companies are evil, part 45,326.

Did you catch 60 Minutes last night? If you did, you may have learned about a drug called Acthar that went from $40 in 2001 to over $40,000 today. It’s a perfect illustration of just how poorly regulated the US pharmaceutical industry continues to be and how there’s absolutely no good reason for the extreme prices Americans pay for medicine.

Acthar has been on the market since 1952 and is primarily used to treat infantile spasms, a rare condition. Why does Acthar cost $40,000 today, an increase of 100,000 percent from the cost in 2001? Pure greed.

Source: The Price of This Drug Went Up 100,000 Percent Since 2001 for No Good Reason

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