ProPublica Investigation Reveals How Drugmaker's Price Hikes Made a $0.25 Pill Cost Nearly $1,000
Sat out too long. The crust has gone leathery.
Summary
Reporter David Armstrong, diagnosed with cancer, investigates why one of his prescribed drugs costs nearly $1,000 per pill. Through financial records and legal filings, he uncovers a drugmaker's deliberate strategy of repeatedly raising prices, which helps explain why the U.S. healthcare system is the most expensive in the world. The article is based on ProPublica's reporting about Revlimid, a multiple myeloma drug.
Key quotes
· 3 pulledReporter David Armstrong was diagnosed with cancer and soon learned that one of his drugs would cost almost $1,000 per pill.
He set out to discover why, and uncovered financial records and legal filings that shocked him.
The drugmaker's strategy to raise the price over and over again helps explain why our healthcare system is the most expensive in the world.
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