My First Million cover image

Martin Shkreli Reveals How He Made His First $100M

My First Million

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*Shkreli explains decision to raise Deraprim price *

Raising the price of Deraprim was financially justifiable because it would either be covered by insurance or save money in the long run. The cost of Deraprim for a full course is around $50,000, and if not paid, the alternative costs, such as hospital visits and medical bills, would exceed that amount. Furthermore, Deraprim accounted for less than 0.1% of insurance budgets, making it insignificant in terms of overall policy formation. Insurers are more concerned about cost-saving measures like encouraging the use of cheaper alternatives. It is crucial to understand the intricacies of the healthcare industry before making judgments or criticisms. Personal experiences and biases can lead to intellectual dishonesty. Healthcare is a unique and valued product with different considerations than other goods.

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