In the early hours of Thursday, December 17, 2015, Martin Shkreli, the Chief Executive Officer of Turing Pharmaceuticals was arrested on Fraud Charges.
Martin Shkreli, best known for taking control over a drug used to help and treat AIDS patients both young and old. Shortly after acquiring the company, Mr. Shkreli announced an unprecedented price increase from $13.50 per to pill to $750 per pill, and publically stating that he should, in fact, have increased the cost even more.
This drastic price increase makes it impossible for many, who don’t have great insurance, to get the medicine needed to treat their illness.
He is a great example of what’s wrong with today’s healthcare industry, but the problem is far greatly than Mr. Shkreli.