The US health insurance industry resents being on the receiving end of surprise bills and price-gouging, so Blue Cross/Blue Shield are spending $55m to have the nonprofit Civica Rx tool up to make generics of off-patent drugs whose sole manufacturers are shkreliing the prices into the stratosphere.
Civica already supplies drugs to 1,200 hospitals.
Drugmakers hiked prices 1,000% in massive price-fixing scheme, states allege
In an interview with The New York Times, Civica board chairman Dan Liljenquist said that the new venture “will not solve all the problems of the world, but we do know that 90 percent of prescriptions are generic, and there are certain parts of the generic markets that are not functioning like competitive markets should. And we intend to compete in those markets.”
Sick of Big Pharma’s pricing, health insurers pledge $55M for cheap generics [Beth Mole/Ars Technica]
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Because the cruelty is the point.
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The notion of two people sleeping in the same bed always inspires romantic visions of love and intimacy. However, most quickly realize that the romance of sleeping together is often quickly replaced by the realities of the act. One partner snores. The other talks in their sleep. One grinds their teeth. The other hogs the […]
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