r/news Jan 14 '22 Silver 19 Gold 1 Helpful 19 Wholesome 18 Evil Cackle 3

Shkreli ordered to return $64M, is barred from drug industry

https://apnews.com/article/martin-shkreli-daraprim-profits-fb77aee9ed155f9a74204cfb13fc1130
54.9k Upvotes

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351

u/KickNaptur Jan 14 '22

Return the money to who exactly? Is the government just taking it? Or does it go to the insurance companies, or the drug companies???? Nobody thats actually going to touch this money deserves it

215

u/[deleted] Jan 15 '22

[deleted]

5

u/KallenGuren Jan 15 '22

The drug was free for uninsured people

1

u/ComputersConfuseMe Jan 15 '22

I used to think this made it all ok. Then I realized insurance is pooled money, so by him charging insurance $750 a pill, everyone’s prices went up.

2

u/heybg Jan 16 '22

From what I understand, very very few people were ever prescribed this medication, so it would have a negligible impact on premiums.

22

u/Rizzpooch Jan 15 '22

Not the families of people who died because they couldn’t afford it

13

u/Fadreusor Jan 15 '22

Likely to the investors. And this is the problem with our regulatory agencies, only the investors are protected in our current form of capitalism. There are other working parties involved that don’t get the same consideration, and unfortunately, the dummies who vote based on what their preferred Facebook threads say, have no clue about the things that actually affect their lives.

12

u/Mediamuerte Jan 15 '22

Anyone without insurance got it for cheap if not free. The money came from insurance companies.

13

u/VicktoriousVICK Jan 15 '22

That literally never happened, so money wouldn't go to a nonexistent person.

-11

u/[deleted] Jan 15 '22

[deleted]

14

u/mintcrisp_ Jan 15 '22

Nah, burden of proof is on you because you made the first claim. Pharma Bro said anybody could just ask for the drug and they'd get it for free. Do you have proof otherwise?

-8

u/CamelSpotting Jan 15 '22

This is sarcasm right?

-3

u/VicktoriousVICK Jan 15 '22

Yeah I do. Not telling

1

u/EmbarrassedBridge189 Jan 15 '22

If you had no insurance they would give this drug for free. Nobody paid out of pocket for it

0

u/[deleted] Jan 15 '22

[deleted]

14

u/momaswat Jan 15 '22

Except the people/ users weren't paying the high prices to begin with. The insurance companies were they they'll likely that money.

-2

u/[deleted] Jan 15 '22

[deleted]

7

u/Wuhba Jan 15 '22

People who didn't have insurance were given the drug for free. The gouged rate was used to bill insurance companies. He did what literally every other company in the medical industry does, he's just wasn't quite rich enough to fully get away with it.