Drug companies continue to raise prices despite public backlash

[workinclasszero]

Pfizer just raised drug prices for a second time this year—and it's not alone.
by Beth Mole - Jun 10, 2016 12:39pm CDT

Last week, as Vermont Governor Peter Shumlin signed off on the first state law requiring drug companies to justify steep price hikes, Pfizer was in the process of raising the list prices of its drugs by an average of 8.8 percent, according to a Pfizer spokesperson. The price boost follows a similar one in January, which involved raising the list price of more than 100 drugs, some by as much as 20 percent.

Pfizer isn’t alone in this trend. Drug companies including AbbVie, Eli Lilly, Merck, and Bristol-Myers Squibb also continue to steadily raise prices across the board—although, it's happening at “modestly lower” rates than those seen in 2015, as FiercePharma reports.

The march towards ever higher drug costs continues despite strong public outcry.

http://arstechnica.com/science/2016/06/despite-outcry-over-shkreli-brand-greed-pharma-keeps-raising-drug-prices/

[RKP5637]

1. They've realized they can do what they damn well please and nothing will happen. It's

pathetic.

[JustABozoOnThisBus]

2. In fairness, drug company expenses are on the rise.

You just can't buy politicians for the same price you used to.

[Invincibility]

3. Well of course

We never actually do anything. Just get mad and write angry posts online about it.

[RKP5637]

4. This, sums it up quite well. And the SOS will continue. n/t

[Bayard]

5. We pay

The U.S. pays the costs of research for the rest of the world. Other countries will not let them raise prices like this.

[Scientific]

6. Corporate drug side effects: screwed consumers

and of course the usual: nausea, vomiting, zits, B.O., impotence, headaches, dingleberries, premature senility, and general agony.