Congress addresses ‘pharma greed’


NPR: Senate holds hearings about price increases for specialty medicines.

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NPR: Senate holds hearings about price increases for specialty medicines.

The investigation by the Senate committee, led by Maine Republican Susan Collins and Missouri Democrat Claire McCaskill, is focusing on four pharmaceutical companies that bought the rights to certain drugs, and then dramatically increased the prices.

Collins called the price hikes – as much as nearly 5,000 percent in one case — “egregious.”

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