Representative Jake Auchincloss asks CVS Caremark, $CVS, CEO how much he’s charging for a $16 drug for multiple sclerosis. The answer: $6,229. A 38,000% markup.

My mother has MS. She sent emails & called the drug maker every single day for the medication because it was to expensive to afford. I believe it was like 10k a month. The drug manufacturer was soo annoyed by her constant emails/calls, they gave it to her for free for life

That should be illegal!!!!

Then how is it a $16 drug? How would they know costs and overhead? Not saying the price is justified, however, question everything…

@mcuban please consider helping drive down the cost of Multiple Sclerosis medications and treatments. This is a major issue many families are facing. M.S. medications and treatments carry some of the highest costs in the nation, and many have been around for decades. Sad.

The "markup" is the difference between what CVS Caremark pays for the drug and what they charge the insurance plan. This can include various fees for services like distribution, patient support programs, and risk management.

Cvs has a net profit margin of 2% they aren’t ripping people off.

Government patent protection causes this. End the monopoly.

That's crazy! I'm wondering if there are any other middle men or if they actually buy it for $16 and mark it up to 6k. Anyway, that's insane.

@MartinShkreli spent 4 years in prison for raising the price of Daraprim from $13.50 to $750. How long will Karen Lynch spend behind bars?

I don't care how much complex it take to distribute the drugs on top of true cost, but with that mark up, it due to either inefficiency or greed