Say It Ain't So Already

As the Incidence of Diabetes Increases Worldwide, Walmart and Kmart Jack Up Cost of Diabetes Drugs

June 27, 2011 at 11:16 AM Leave a comment

Ah yes, capitalism is a wonderful thing:

There’s this:

Diabetes Rate ‘Doubles’ – Imperial College and Harvard Research Suggests

The number of adults with diabetes in the world has more than doubled since 1980, a study in the Lancet says.

And there’s this:

Wal-Mart Hikes Branded Diabetes Drug Prices — Study

Big-box retailers Wal-Mart Stores and Kmart, pioneers in the push to cut consumer prices for generic drugs, have been raising prices for the most popular brand-name diabetes drugs, according to a new study.

[...]

The study also showed that Wal-Mart has raised prices for the 10 most-prescribed diabetes treatments by 32 percent between 2008 and 2010, compared with an average industry-wide increase of 21 percent, which includes chain drugstores, mail-order firms and independent pharmacies.

Kmart, a unit of Sears Holding Corp, raised its prices by 35 percent over the same two-year period, according to the study.

Entry filed under: Corporatocracy, Health - Physical and Psychological, We the People. Tags: .