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There is a Drug Shortage, study finds. Drug shortages hit an all-time high.

Between 2006 and 2010, drug shortages increased by more than 200%, according to a Government Accountability Office report released Thursday. There were a record 196 shortages last year, and even more are expected in 2012.

“These shortages often force Americans to go without treatment,” Senator Tom Harkin said.

A result of the drug shortage has been price gouging and the creation of a “grey market” for hard-to-find drugs. “Aggressive measures are necessary to crack down on anti-consumer practices promoted by so-called 'gray markets' that inflate prices, creating a public health menace," Senator Richard Blumenthal said. "There should be zero tolerance for profiteering or price gouging in these essential drug markets.”

President Obama signed an executive order this past October requiring the FDA to expedite regulatory reviews of drug manufacturers and investigate price gouging.

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