Can Congress do anything about high drug prices?
Former CEO of Turing Pharmaceuticals, dramatically raised the price of the life saving drug Daraprim which had people asking: can Congress do anything about it?
Earlier this year Martin Shkreli became the public's most hated man after his former company, Turing Pharmaceuticals, raised the price of the life saving drug Daraprim from $13.50 a pill to $750 overnight.
In 2015, Shkreli resigned as CEO of Turing after being arrested on charges of securities fraud. Yesterday he faced members of the House Oversight and Government Reform Committee who tried to question him on the decision to raise the price of the drug. Here's a clip of the exchange:
It was expected that he would plead the fifth, but even if he didn't ... could Congress even do anything about the dramatic price hike? Does Congress have any power over the costs of medications?
We'll talk about it with
, who wrote about if for National Journal.