What the most hated company in America reveals about our insane drug market

September 24, 2015 9:12 AM

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Turing Pharmaceuticals recently made heads explode by buying a drug that treats a rare parasitic infection, and promptly hiking its cost from $13.50 to $750 per tablet.

If you want to understand the debate that's swirling around this, you need to start with a very basic precept: In a capitalist market that was actually functioning and competitive, a sudden 5,500 percent price increase would be unthinkable.

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