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America's Top Three Insurers Reaped $7.3 Billion From Their Drug-Middlemen's Markups, FTC Says - Slashdot (science.slashdot.org)

submitted 2 weeks ago by RotatingParts@lemmy.ml to c/usa@lemmy.ml

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[–] frunch@lemmy.world 4 points 2 weeks ago* (last edited 2 weeks ago)

Ahhh yes, let's all remember Martin Shkreli--famous for boosting the price of a life-saving drug called Daraprim 5,000% when he took charge of the company making it. The pills skyrocketed from $13.50 a pill to $750 a pill.

100 name brand pills before the extreme price hike at $13.50/pill: $1,350

100 name brand pills today: $78984.50

They're actually about $790/pill now -- the prices never came back, and actually went further up!!!

I also noticed there's a fun twist where you don't pay as much for the drug if you're 500% below the poverty line and meet some other criteria.