Saturday, November 22, 2014

Generic Pharmaceutical Prices

Sen. Bernie Sanders of Vermont claims to be an independent, but by his actions has shown to be a Democrat/Socialist. He is now in a tizzy concerning generic pharmaceuticals. He claims that recent price hikes are unconscionable. That statement alone causes one to believe that he is probably more socialist than anything.
I have no way of knowing whether recent price increases for generic pharmaceuticals are reasonable based upon costs of and marketing, but I do know we have antitrust laws. If various members of companies involved in the production and sales of generic drugs, have been fixing prices, it is up to antitrust regulators to determine that fact and follow up with prosecutions, which previously held jail sentences.
Bernie Sanders should stop ranting and raving on the subject. If he wants to do something positive to be sure that the public is receiving a fair shake, he needs to go to the Justice Department and ask them to investigate generic drug pricing.

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