Monday, November 16, 2009

Smiling while they steal your wallet: In anticipation of a healthcare overhaul measure that would have drug makers cut prices, the pharmaceuticals are raising prices (nytimes)

A Harvard health economist, Joseph P. Newhouse, said he found a similar pattern of unusual price increases after Congress added drug benefits to Medicare a few years ago, giving tens of millions of older Americans federally subsidized drug insurance. Just as the program was taking effect in 2006, the drug industry raised prices by the widest margin in a half-dozen years.