Generic Drug Prices Go Up Because-

There is an interesting chart in this article showing the increases of price if there was no competition compared to prescription drugs that were in a competitive market.

• Generic Drugs in non-competitive markets up 100% between 2008 & 2012.
• Generic Drugs in competitive markets had between a 0% increase and a 20% decrease over the same time period.

No Competition... Prescription Drug Prices Rise