``I must give him his due. He has considerably cretinized me.'' Lautréamont

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Monday, June 26, 2006

Escalating Prescription Drug Prices (NYT)

disturbing?! it was predicted!

when the buyer doesn't pay, the price rises

it works like, eg., medical care has once medical insurance became widespread

the scam is that it creates and diverts a large flow of money, from which a tiny cut is taken by regulators, making them rich, and that's the point of it all.

they are what is called a louse, a person who steals your $500 TV and sells it for $10

you'd have paid him $20 not to steal it

Two recent surveys of drug prices by consumer advocacy groups show a disturbing pattern of increases as the new Medicare drug benefit was getting under way.

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