Retroactive Drug Monopoly Raises Rates From $10... To $1,500
Found on Techdirt on Friday, 11 March 2011
The product has been on the market for years, and normally costs about $10 per dose... but thanks to the new monopoly, the price is immediately jumping up to an astounding $1,500 per dose -- and this is something that many pregnant women need around 20 doses of during their pregnancy.
They thought that granting a monopoly to one company would mean that it would make the drug "more available."
Who would have thought that granting a monopoly for a possibly life-saving drug would increase the price? Really, sometimes the blindness of people amazes me.