This doesn't pass my smell test: I just saw a piece on the news about the skyrocketing cost of generic drugs. Remember how we used to jump at the chance to buy a quality generic drug instead of the high-priced name brands? Those days are apparently fading fast.
Once the manufacturer's protected patent period (20 years?) expired, then the formula was open for other drug makers who could make and sell the same thing for a fraction as much. (The protected period was meant to give the original maker the opportunity to recover their R&D costs.) As long as you bought from a legitimate pharmacy and stayed away from the dubious mail order stuff made in Bangladesh or somewhere similar, it was a great deal for consumers.
Now I hear that the price of generics is skyrocketing. One pharmacist interviewed gave as an example one antibiotic that she said she has been buying for years for $40-$50 for a bottle of 500 that now costs her $2,195. That's more than
I have no idea what's going on, but I smell a rat. Are there no honest businesses left who can deliver a good product / perform a good service at a FAIR price? Is Screwing The Public the new hot major at university business schools?
S
