"Millionaire businessmen have been increasing the price of drugs bought by the NHS by up to 12,500 per cent.
A small group of entrepreneurs has made vast sums after raising the cost of medicines by £262 million a year — the equivalent of funding an extra 7,000 junior doctors a year, an investigation has found.
They are taking advantage of a loophole that leaves them free to impose “extortionate” price rises on drugs if they drop an existing brand name and sell it under its generic name instead.
Health service price controls are designed to reduce the cost of drugs to the taxpayer. However, the founders of four companies have overseen a dramatic increase in the price of medicines for the treatment of common conditions ranging from high blood pressure to hyperthyroidism.
Read more (behind a paywall): http://www.thetimes.co.uk/article/extortionate-prices-add-260m-to-nhs-drug-bill-8mwtttwdk
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