Tag: Pharma

Profiting off the COVID Vaccine: Big Pharma Hauls in Big Dollars from the World’s Pandemic Misery

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Stop Greed

You gotta hand it to them. A united front in pharma-land to keep the profits rolling in. When the outcry over the rising cost of prescription drugs erupted — 30% of patients cannot afford to take their prescribed doses — drug company flacks tut-tutted and came up with a refrain they repeat over and over: “[Increased prices are] necessary to support investments that allow us to continue to discover new medicines and deliver those breakthroughs to the patients who need them.” Balderdash! Even a committee of the bought and paid for House of Representatives was forced to admit: “…prices have skyrocketed over the last few decades… these same companies’ have dedicated more and more of their funds to enrich shareholders or to purchase other companies to eliminate competition.” Now pharma has come up with a new wrinkle. The CEO of the world eighth largest drug company, Pfizer, one of three vaccine makers, — revenues of over $42 billion in 2020 — took it upon himself to announce that every American would need at least one booster shot and a COVID vaccination ever year. That announcement more than quadrupled projections for Pfizer’s future revenues from the vaccine. Is the CEO of any drug company particularly one with such an obvious conflict of interest competent to make healthcare decisions affecting every American? Before you decide, check out “Profiting off the COVID Vaccine: Big Pharma Hauls in Big Dollars from the World’s Pandemic Misery”

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Vaccines Developed by a Profit-Driven Healthcare System May Not Stop the Next Pandemic

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For Profit Hospitals

“it’s very nice that the G20 [20 of the world’s largest economies] see Covid-19 immunization ‘as a global public good,’ but the reality is that G20 countries have privatized the medical knowledge behind Covid vaccines … preventing most of the world producing the vaccines we so desperately need. They should have taken this moment to commit to putting the health of people across the world ahead of Big Pharma’s profits,” [Daniel Willis, U.K advocacy group Global Justice]

The role of the U.S. in this shameful conspiracy is appalling. Like his predecessor, President Biden has continued to block India and South Africa’s proposal for an emergency lifting of the world-wide agreement that enforces patent protection allowing drug companies to hoard the formula’s for the vaccine. Monopoly control by the drug companies persists even though a lot of taxpayer money went into the development of their vaccines. Would you believe the drug companies have already bamboozled the U.S. out of $12 billion of taxpayer money?

There’s lots more to indict the U.S., including a profit-driven healthcare system that was so totally unprepared for the pandemic that the U.S. finds itself in the unenviable position of being 5% of the world’s population but first in COVID cases and deaths. How does the U.S. lack of a national health care system make vaccines only a temporary solution? You may find the answer in “Vaccines Developed by a Profit-Driven Healthcare System May Not Stop the Next Pandemic”

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U.S. Healthcare on the Ropes—Is It Too Late to Save It?

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Health Stats

A country that has the highest rate of women dying from complications of pregnancy and childbirth, while thirty million of its citizens are uninsured, a half million families are forced into bankruptcy because of medical debt, workers pay 12% of their earnings to get poor quality health insurance that comes with unaffordable premiums, deductibles, and co-pays, where medical errors, the third leading cause of death in the U.S., kill over 250,000 people every year. This country has 5% of the world’s population but consumes 80% of the world’s prescription opioids causing over 70,000 deaths in one year. Are we talking about some banana republic in South America, or maybe one of the poorest countries in the world in Sub-Sahara Africa like Guinea or Mali where average life expectancy is around 60? If you’re still not sure, you need to read “U.S. Healthcare on the Ropes: Is It Too Late to Save It?“

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How $6.13 Billion is Turning Healthy Americans Into Patients While Drug Companies are Rolling in Dough

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“Abdominal discomfort or pain? Bloating? Constipation? It’s time to Talk to Your Doctor About IBS”
—Novartis Ad

Once upon a time, a rich and greedy captain of industry who headed one of the largest drug companies in the U.S. bemoaned the fact that he was forced to sell his drugs only to sick people, a very small share of the consumer market. What he yearned to do was to sell his potions to everyone, increasing the market for his drugs to infinity.

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