Price Fixing

2019-05-28T14:41:44-05:00 June 3rd, 2019|Tags: , , |Comments Off on Price Fixing

A recent “60 Minutes” TV segment highlighted Connecticut’s claim that several drug companies have been conspiring to dramatically increase prices on prescription drugs. After new drug patents expire, the government intends for competing drug companies to develop generic versions of the drug, making them more affordable for the masses.

Unfortunately, according to the Connecticut Attorney General, several drug companies are colluding together to dramatically increase prices on drugs previously affordable. Their greed is putting lives at risk.

Proverbs 22:16 says, “He who oppresses the poor to make more for himself or who gives to the rich, will only come to poverty.”

Businesses deserve to be profitable. But, when you collude with others illegally so that you can increase profits, it will ultimately cost your company its reputation and profits.

 

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