Several news outlets reported this week on the huge price jump in the cost of a generic drug: Turing Pharmaceuticals increased the cost of the drug Daraprim more than 4n000 percent, from $13.50 a tablet to $750, overnight. See stories here and here.
The prices of numerous generic drugs have risen sharply over the past year or two. Concern among members of Congress prompted an investigation in October 2014, which is ongoing.
The headline in a Washington Post blogpost yesterday suggested that the huge Daraprim price jump "might finally spur action on soaring health-care costs." Time will tell. I guess the question is "how much time?"
