At the hearing, Rep. Elijah Cummings (D-Maryland) opened by saying, “It’s not funny — people are dying” because drug companies “jacked up” prices.
Sure this guy is a massive d-bag but we hardly see how, for all his sanctimony Mr. Cummings is any better. Cummings is one of the reason we have Obamacare. A program which has “jacked up” prices, lowered quality of service and threatens people with being locked in a cage should they elect not to purchase a product that they neither want nor need. And yet we will all be satisfied with the bread and circus of these proceedings against the smarmy CEO’s while behind the scenes economic ignoramuses like the congressman will be scheming to come up with the next round of regulations that will create even more of the drug scarcity that Shkreli exploited in the first place.
