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Drug Companies Accused of Price Fixing

Posted by on May 30, 2019 in Current Events
Guy taking pills
Some drug companies are being accused of price fixing. An investigation has begun to determine the facts. Credit: © McGraw-Hill Education/Christopher Kerrigan

This week’s story update on the Election Central Web examines how a state attorney general is accusing drug companies of artificially inflating the price of generic medicines.

Imagine that you go to the pharmacy to pick up a medication that you’ve been taking regularly for years. But instead of the $30 a bottle that you usually pay, the pharmacist tells you that you will now need to pay $150 for the same bottle. What happened? A coalition of states led by the Attorney General of Connecticut is suing a group of generic drug manufacturing companies, which they say have been participating in this kind of illegal price-fixing for years.

To learn more about this story, click here to visit the Election Central Web site and read the full posting.

Credit: McGraw-Hill Education