Pharmaceutical Price Gouging
fighting corporate and wall street power
EpiPen's shot up $500 for no reason. A critical medication for HIV/AIDs went from $13.50 to $750 per pill -- a 5,000% increase in one day. As the number of people dying from opioid overdoses exploded in a two year period, the drugs used to treat overdoses increased by 500% in that same two year span. We are talking about drugs necessary for people to live.
This unprecedented corporate greed is costing Michigan lives and millions of taxpayer dollars. There needs to be a state commission to review all drug price increases with the power to ban or penalize increases above certain thresholds. For example, if the price of a drug increases 10% in one year or 30% in 5 years, such an increase would be blocked, unless the company can provide overwhelming evidence to justify such an increase.