Senators Tsk Tsk Drug Price Gouging, Offer No Solution

AIDS activists protesting outside
Turing Pharmaceuticals headquarters

"Senators from both parties on Wednesday denounced huge overnight price increases for decades-old drugs that have been made by some pharmaceutical companies lately, calling them unconscionable and detrimental to patents...

...Most of the hearing, which was described as the first in a series, was devoted to looking at the impact of the sudden price increases on doctors, patients and hospitals."

eye'm thynkin':  While its nice to know our Senators are aware of the drug price gouging some Americans are facing, I would suggest their time would be better spent actually doing something more than tsk-tsking about it.

How about a bill that reduces all U.S. drug prices to the lower costs currently enjoyed in foreign countries?  I think U.S. patients have been subsidizing pharmaceutical costs in Europe and elsewhere long enough.  Oh, and a rider that restricts the percentage the cost can be raised annually would be nice too. 

Yes, I am aware of how unrealistic that is.  It's almost as unrealistic as expecting Washington to produce a solution of their own. 

Read more at The New York Times