Unfair Drug Pricing?

1
Unfair Drug Pricing?

• John Bracken
• And
• Lizzy Jeffries

2
Norvir

• Part of AIDS cocktails
• Turned AIDS from fatal disease to a chronic
  illness that is manageable

3
Is it more than covering their costs?

• Abbott Laboratories raised its price for an
  annual supply of Norvir from 1,600 to 7,800 two
  days before Christmas.

• The clinical trials and research reportedly cost
  about 15 million. It generated over 1
  billion in sales in the last six years.

4
Should we do anything about this?

• Europe has price controls, 40-60 lower than the
  US.
• Canadas free health care

5
What should we do then?

• Should we have all research and production run by
  the government?
• Should there be a profit margin limit
  (percentage)?

• Should we let things be?
• Does someone have a better idea?