Louisville Magazine

MAR 2017

Louisville Magazine is Louisville's city magazine, covering Louisville people, lifestyles, politics, sports, restaurants, entertainment and homes. Includes a monthly calendar of events.

Issue link: https://loumag.epubxp.com/i/791253

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Page 30 of 112

eyecareinstitute.com mortons.com 28 LOUISVILLE MAGAZINE 3.17 THE BIT Money Over Morality By Jack Welch Illustration by Carrie Neumayer There's gold in them thar pills. JUST SAYIN' Example No. 1: A newly created company led by a former hedge- fund manager buys the marketing rights to a 62-year-old drug used to treat life- threatening parasitic infections in babies and people with compromised immune systems and immediately raises the drug's price from $13.50 a tablet to $750. Example No. 2: A multi-drug manufacturer acquires a single-drug manufacturer that had produced and marketed a 60-year-old immune-system medication for the past 13 years, raising the drug's cost to consumers from $40 a vial in 2001 to $1,650 a vial in 2007 to

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