The number of prescription drug shortages tripled between 2005 and 2010. Besides having serious consequences for people’s health and well-being, drug shortages drive vendors to charge outragous prices for drugs that are normally affordable when in stock. One report found that price-gouging vendors mark up prices on drugs in short supply by 650 percent, on average.
(via By the Numbers: 650 Percent | The White House)
It’s good to believe in free markets and their efficient nature, but one must also be willing to acknowledge when a lack of regulatory oversight causes inefficient developments.
(via barackobama)
