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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 (arstechnica.com)

submitted 8 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 8 months ago

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

[-] CaptainSpaceman@lemmy.world 7 points 8 months ago* (last edited 8 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 4 points 8 months ago

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

[-] crackajack@reddthat.com 4 points 8 months ago

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

[-] moitoi@lemmy.dbzer0.com 6 points 8 months ago

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 8 months ago

Poe's law.

this post was submitted on 21 Jan 2024

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