I can not recall the original source (New York Times?), but my best recollection is that the US congress passed legislation in the 1990’s, that allowed independant companies to establish exclusive purchasing contracts with generic drug makers. As a result, these companies would purchase all of whatever drug they produced. From time to time, the purchasers would stop the sale of whatever medication of the day, to hospitals. The price would soar for whatever med, so hospital pharmacies would payer higher prices for popular, commonly used medications. At some point, these meds would be released upon the market at these inflated prices, giving tremendous profits for the companies involved. I have had this information supported by several hospital pharmacists in several different states (unlikely to be a nation-wide pho-conspiracy). No hard-core facts; but highly suspicious, and fitting the pattern.
One Response to “Emergency Physicians Encouraged to Draw Attention to Pharmaceutical Drug Shortages”
April 7, 2016
Clayton OvertonI can not recall the original source (New York Times?), but my best recollection is that the US congress passed legislation in the 1990’s, that allowed independant companies to establish exclusive purchasing contracts with generic drug makers. As a result, these companies would purchase all of whatever drug they produced. From time to time, the purchasers would stop the sale of whatever medication of the day, to hospitals. The price would soar for whatever med, so hospital pharmacies would payer higher prices for popular, commonly used medications. At some point, these meds would be released upon the market at these inflated prices, giving tremendous profits for the companies involved. I have had this information supported by several hospital pharmacists in several different states (unlikely to be a nation-wide pho-conspiracy). No hard-core facts; but highly suspicious, and fitting the pattern.