Cost of Generic Drugs Soaring Due to Increased Demand from Obamacare

[flowers]

http://www.breitbart.com/Big-Government/2014/01/31/Why-Are-Costs-For-Generic-Medications-Soaring

The pervasive use of generic over brand-name medications was anticipated to be a money-saver, but recently prices are soaring, even up 6,000 percent for some common drugs that were once fairly low-cost.

As National Journal reports, pharmacists are perplexed about the huge price hikes in many drugs and are asking Congress to hold a hearing to look into the matter.

Generic drugs such as Pravastatin, which treats high cholesterol, and the antibiotic Doxycycline spiked upwards of 1,000 percent in 2013, according to a survey by the National Community Pharmacists Association.

According to the survey, 77 percent of pharmacists said they experienced 26 or more instances of a large increase in the acquisition price of a generic drug within the last six months of 2013.

[Oceander]

Why hold a hearing when liberal solomons already know the answer:  price gouging by those gawd-awful evil corporations.

It's fascinating to watch the sort of inane, irrational gyrations people get themselves into when they don't understand basic supply and demand economics.