Drug Prices Rising (and some by 100%)

Expensive drugs are hardly new, but Congress is now investigating rising drug prices that include price hikes of 100% or more for some medications.
Why can drug companies raise prices on some drugs without a huge consumer backlash?
First, some of these drugs are for exceedingly rare conditions. In these cases, the companies may not be able to keep drugs on the market at a lower price because of a small potential market and high manufacturing costs.
For some other drugs, prices can be raised because consumers don’t feel much of the pinch. For example, coverage for inpatient care and infused/intravenous drugs can …read more