Peter Welch: “That is really a good question. But that example about that pill going…”

On the recordApril 26, 2018

That is really a good question. But that example about that pill going from costing $7.50 to $1,500 means that the owner of that pill--and Martin Shkreli is the guy who did it; he is now in jail--was able to corner the market and then just make people who absolutely have to have that medication pay through the nose, and more than they can afford. That is an example. We have all of these stops along the way where private profit is the motive. The market is about profit; it is not about having a system that is going to work and be affordable. I think that is a big reason.

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Peter Welch

Democratic · Vermont

Source

govinfo.gov

Apr 26, 2018

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Peter Welch: “That is really a good question. But that example about that pill going from costing $7.50 to $1,500 means that the owner…”