(WASHINGTON POST)  Carolyn Y. Johnson December 10, 2015 — A discussion of policy solutions to price hikes that “shock the conscience.”

A Senate investigation of drug-price spikes at four companies kicked off Wednesday with specialists from all corners of the health-care system testifying that they’re powerless to manage the out-of-control prescription costs.

The hearing launches the Special Committee on Aging’s investigation into the soaring prices of old drugs, including the recent overnight price hike of Daraprim from $18 to $750.  Doctors and policy experts offered a slew of proposed policy solutions, such as expediting applications for generic drugs to increase competition and requiring companies to reveal how much drugs really cost.

But the testimony to the committee in advance of the hearing underlined a stark fact about the current system, too: Doctors, companies that manage prescription drug benefits, hospitals, and health care policy experts alike feel fairly powerless to control high drug prices — because they are allowed.

Source: Doctors, hospitals condemn out-of-control drug prices as Senate investigation begins – The Washington Post