this post was submitted on 21 Jan 2024
510 points (99.4% liked)

Technology

59569 readers
4136 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
510
Pharmaceutical companies hiked the price of 775 drugs this year so far, including Ozempic and Mounjaro — exceeding the rate of inflation (arstechnica.com)
submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world
32 comments fedilink hide all child comments
 

Pharmaceutical companies hiked the price of 775 drugs this year so far, including Ozempic and Mounjaro — exceeding the rate of inflation::Meanwhile, Senate to consider subpoenas to force pharma CEOs testify on prices.

you are viewing a single comment's thread
view the rest of the comments
[–] moitoi@lemmy.dbzer0.com 2 points 10 months ago (3 children)

The free market can regulate and drugs are a good example of that.

[–] CaptainSpaceman@lemmy.world 7 points 10 months ago* (last edited 10 months ago)

The free market isnt insanely subsidized by the govt.

Taxpayers paid for nearly ALL the research that went into those drug patents.

[–] jlh@lemmy.jlh.name 5 points 10 months ago

Drugs aren't a commodity because of patents. Patents should come with a liability to price fairly.

[–] crackajack@reddthat.com 5 points 10 months ago (1 children)

"The free market can regulate according to my own pricing and the cartel's."- a CEO

[–] moitoi@lemmy.dbzer0.com 5 points 10 months ago (2 children)

Hopefully people get the sarcasm in my comment.

Drugs like everything else can't follow the free market. Free market means more wealth for the wealthiest and nothing for the 99%.

[–] Maggoty@lemmy.world 2 points 10 months ago

You can't drop an actual quote from the GOP/Libertarians and expect people to detect sarcasm.

[–] lolcatnip@reddthat.com 2 points 10 months ago

Poe's law.