Greed in the pharmaceutical industry causes the cost of OTC drugs to skyrocket

November 22, 2014 7:00 PM

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Fourteen drug manufacturers across the US have been grilled by members of Congress over the price hikes of over-the-counter drugs in the past 18 months, and some senators came up with the picture that common greed in the pharmaceutical industry is causing the drug manufacturers to constantly increase the price of generic drugs without restraints.

According to Sen. Bernie Sanders (I-Vt.), chairman of the Senate Subcommittee on Primary Health and Aging, “Drug companies have seen the opportunity to make a whole lot of money and they are seizing that opportunity. This is greed at work in the pharmaceutical industry”.

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