A drug price rises substantially overnight

pharma-douche-640x400Independent businesses in the United States have the rights and freedoms to operate and make decisions that they feel will benefit their business. In recent news, a surprising and unexpected increase in the price of certain drug has caused suspicion among U.S. citizens. The price increase of this drug is completely irrational, which is causing Congress to investigate the reason behind this massive increase in price.

Daraprim, a drug for curing infectious diseases such as malaria, increased from $13.50 to $750 overnight. Dramatic increases in prices cause suspicion which leds to investigations as to why there was a 5,000 plus percent increase over night. To most people, this drastic jump in price brings to the surface concerns such as, price increase for personal profit and many others.


Is it against the constitutional rights of the independent pharmaceutical drug company, Turing, to increase the price of Daraprim so dramatically in such a short period of time? According to the Constitution, as an independent company they have the right to control the price of their drug however they wish to do so. Although this might be Constitutional, is the price increase rational? I would like to argue no! Turing’s founder and chief, Martin Shkreli, argues that the profits from the price increase will be used to further the research of this drug. However, there are other way that this company could have taken for a more reasonable way to gather research money.

In United States Government we have learned that we, as United States citizens, all have constitutional rights that give us certain liberties to be free. We gave up perfect freedom, so that we could have protection, which is given to us in the Constitution.

These constitutional rights give the same freedoms to independent businesses. Turing, the pharmaceutical business, has the right to raise the price of their product to whatever they believe is a reasonable price. They claim that the reason that they raised the price on this drug is to gain more money for research to create a better version of Daraprim. Instead of making the price so high that people that are in desperate need of Daraprim cannot afford it they could have raised venture capital funding. By doing this, the company could gain the money they need for research without making Daraprim unreasonably price so that people are no longer able to afford it.

Turing is not the only pharmaceutical drug company that drastically changes the price of their drugs in order to gain profit. The reason that this case was so highly publicized was because of the time in which it happened. Most companies gradually raise their prices so that it does not seem to have jumped so high in price. However, since Daraprim raised in price 5,000 percent, from $13.50 to $750 overnight, many people, especially those who use the drug were in shock.

Although independant businesses have the right to raise and lower their prices however they please, there are many other ways to run a business without changing the price of the produce so drastically in very short periods of time.

JessicaR

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About SaintsGOV16
We are students in Dr. Ostroff's sections of U.S. Government at All Saints' Episcopal School in Fort Worth, Texas. (www.aseschool.org).

One Response to A drug price rises substantially overnight

  1. SaintsGOV16 says:

    I agree with you here Jessica. I think that it is okay if a pharmacy raises or lowers their prices but not drastically overnight. That is going to hurt their business because people aren’t going to want to pay that much just for one medicine.

    SarahS

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