Wednesday, September 23, 2015

ANOTHER ARGUMENT FOR BIG GOVERNMENT AND REGULATIONS

And, in this case "CAPS" on  profits for medications (rx) so that predators can't take undue advantage of the sick and most vulnerable who are desperately trying to prolong their lives. If profits are capped then the gouging will either stop or the excess can be taxed 100% and go back into the healthcare system. 

 
Martin Shkreli, the controversial pharmaceutical CEO and former hedge fund manager, announced that he would reduce the price of the drug Daraprim to “a point that is more affordable.” Shkreli has been the subject of unrelenting criticism since he implemented a 5000% increase in the price of the drug — from $13.50 per pill to $750 — which is used to treat severe infections in AIDS patients and infants.

Shkreli, who talked to ABC News, declined to name the new price for the medicine, which has been on the market for 60 years. ABC described Shkreli as “the most hated man in America.”