Tag: PhRMA

Millions Die as Drug Companies Use Monopoly Medicine To Rake in the Dough

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Drug Profiteering

How does it come to pass that we have bought the lie that corporate big wigs and billionaires are fonts of wisdom, with no personal or professional axe to grind, solely dedicated to ensuring that everyone gets a fair shake? Bill Gates, billionaire founder of Microsoft is one example of the breed. He thinks opening up vaccine distribution to the whole world is “a bad idea.” Guess what? The world’s high-income countries who are spending billions to corner the market on doses agree with him, as do the CEOs of drug companies who have amassed fabulous wealth from the world’s misery. It’s a race to the bottom. How about candidate Biden who promised to support lifting the drug companies’ hold on vaccine technology? “Absolutely, positively. This is the only humane thing in the world to do…The answer is Yes. Yes, yes, yes.” When he became president, Biden waited over 100 days to live up to that promise albeit with a decided lack of enthusiasm and many conditions. Is it time to pull the plug on Big Pharma’s stranglehold over the manufacture and distribution of COVID vaccines? Does their profit come first in the middle of a pandemic? Check out “Millions Die as Drug Companies Use Monopoly Medicine to Rake in the Dough“ for a possible answer.

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U.S. Drug Prices Are Too Damn High

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Leaping Lizards, have you ever seen such a swindle? Profits sky-high in the $3.5 trillion U.S. no-care health industry. Drug companies, in particular, getting away with murder (sometimes literally) making off with three-quarters of a trillion dollars of that pot of gold. What are the American people getting? If your answer is ripped off, you’re on your way to understanding how drug company profits are forcing millions of Americans to choose between their meds and food on the table. But wait it’s a lot more complicated than that. Thanks to an indifferent government that lets the vast marketing machine known as the drug industry hook you with lying promises their drugs will make you healthy, wealthy and wise, half of Americans take two or more drugs every day. Do you know what the drug companies do when a new drug gets “hot?” Raise the price, in some cases 1,000% or more. In the absence of regulatory agencies overseeing this larcenous bunch, who’s really guarding the hen house? The foxes of course — In this case the FDA (Food and Drug Administration) charged with overseeing the health and well-being of the American public. Instead they appear to be the official cheerleaders for the profit-hungry drug companies. In one instance, they greenlighted a drug that had already caused hundreds of deaths but promised to be a blockbuster for the drug maker (cost: a whopping $48.00/tablet). Then there’s that merry band of gougers, grifters, and knuckleheads we euphemistically call our elected representatives in a congress whose supine, cowardly inaction gives “the price gouging and tax dodging [of the drug industry] a veneer of legitimacy,” That’s how it goes in the empire. Plan on skipping dinner if you dare to read “U.S. Drug Prices Are Too Damn High.”

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