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

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

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Interactive Video

Health Sciences, Social Studies, Biology

University

Hard

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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.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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