Episode 178 • • 1:46:03 - 1:50:46
178: HAARP-ing on Earthquakes
Anthem Blue Cross Rate Hikes, Pharmaceutical Pricing Scams
A deconstruction of the 39% rate increase by Anthem Blue Cross focuses on the relationship between insurance companies and pharmaceutical pricing. Dvorak shares a personal anecdote about the cost of a generic Retin-A cream jumping from $15 to $125. He argues that insurance companies encourage high drug prices to increase their total revenue while maintaining a fixed 2-5% profit margin.