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What's sad is that Clinton says she'll unveil a "new plan" for dealing with this. The law to deal with this is the Sherman Antitrust Act and it's been on the bo
by grej 11y ago
What's sad is that Clinton says she'll unveil a "new plan" for dealing with this. The law to deal with this is the Sherman Antitrust Act and it's been on the books for over 100 years.
Cornering the market on the supply of a drug where the market supply is restricted (any competitor wishing to reproduce it would have to demonstrate equivalence) then implementing a drastic subsequent price rise is a clear Section 1 violation of that law.
We don't need a "new plan to deal with this". What we need is a politician that will have the justice dept indict them, file a request for an injunction on the price point, and stop supporting policies that constrain market access.
- malandrew 11y agoIANAL, but having just googled and read section 1, it seems very vague and easy to lawyer your way out of a conviction. If a prosecutor were to bring suit under section 1, what would their argument look like?