this post was submitted on 21 Jan 2024
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510
Pharmaceutical companies hiked the price of 775 drugs this year so far, including Ozempic and Mounjaro — exceeding the rate of inflation (arstechnica.com)
submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world
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Pharmaceutical companies hiked the price of 775 drugs this year so far, including Ozempic and Mounjaro — exceeding the rate of inflation::Meanwhile, Senate to consider subpoenas to force pharma CEOs testify on prices.

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[–] moitoi@lemmy.dbzer0.com 2 points 10 months ago (3 children)

The free market can regulate and drugs are a good example of that.

[–] CaptainSpaceman@lemmy.world 7 points 10 months ago* (last edited 10 months ago)

The free market isnt insanely subsidized by the govt.

Taxpayers paid for nearly ALL the research that went into those drug patents.

[–] jlh@lemmy.jlh.name 5 points 10 months ago

Drugs aren't a commodity because of patents. Patents should come with a liability to price fairly.

[–] crackajack@reddthat.com 5 points 10 months ago (1 children)

"The free market can regulate according to my own pricing and the cartel's."- a CEO

[–] moitoi@lemmy.dbzer0.com 5 points 10 months ago (2 children)

Hopefully people get the sarcasm in my comment.

Drugs like everything else can't follow the free market. Free market means more wealth for the wealthiest and nothing for the 99%.

[–] lolcatnip@reddthat.com 2 points 10 months ago

Poe's law.

[–] Maggoty@lemmy.world 2 points 10 months ago

You can't drop an actual quote from the GOP/Libertarians and expect people to detect sarcasm.