What's a Fair Price? Price Gouging and Pharmaceuticals.

The video discusses the significant price increase of the drug Daraprim, which rose from $13.50 to $750 per tablet after being acquired by a new pharmaceutical company. This practice of buying old drugs and raising prices is more common than expected, affecting patients with private insurance and Medicare. The video highlights other examples of similar price hikes and questions the legality and ethics of such actions. The company justifies the increase by claiming it will fund better treatments, but this reasoning is met with skepticism. The video concludes with a call for viewer support.

Explain the statement made by Mr. Shkreli regarding the company's need to stay in business.

What are the potential effects of high drug prices on patients with private insurance?