I suppose that pharmaceuticals that prevent fatal complications are elastic and the public (government) has to pay whatever the price asked. Although its reasonable that a pharma company that develops and brings a drug to market has just cause to be reimbursed: How is it possible that a Valeant (not developing Syprine) can acquire a comppany and raise the price of Syprine from one dollar to $200+ per pill? As tax payer and insurance participant, I am puzzled if not alarmed.
There are laws that prevent stores to from raising prices during hurricanes on essential items. Is there a mechanism to prevent Valeant behavior without writing more laws?