How much would you pay for a year of life? It seems Big Pharma has figured that number out and are charging over $100,000 a year for life saving Cancer drugs. Yes, surprise, surprise, the more dire the disease, the more the great for profit pharmaceutical industry is charging for the cure. In 2012 alone, of the 12 cancer drugs approved by the FDA, 11 cost over $100,000.
Many of us are aware of the TIME magazine investigation about hospitals charging us $12 for those little paper pill cups. Those little cups add up to millions of dollars a year; but those little red and blue pills that Big Pharma pushes on us add up to billions. And many times the taxpayers are illegally billed for those little cups and pills. But because of budget cuts, the Inspector General may no longer investigate these abuses and fraud.
As the jobs crisis continues industry and government collude together on policies and agendas which won't help the nation. Here are some of their latest outrageous activities.
Did you know, beyond closed doors, there is a massive trade agreement being crafted? It's called TPP or Trans Pacific Partnership and this one makes NAFTA look like the stepping stone that it is. This is one bad mother.
This is a trade agreement between Chile, Australia, Brunei, Chile, New Zealand, Peru, Singapore, Malaysia and Vietnam and the United States. Japan as well as China may also join. The countries involved isn't the problem. What's being negotiated is.
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
This week's documentary is on the unethical and corrupt sales practices of the pharmaceutical industry. Anyone who has gone to a Doctor who magically diagnoses a disease you have no symptoms of and each pill costs at least $4 a pop and makes you feel really bad....well, be wary, that's all one can say.
The film's website has a donate button for the filmmakers (although frankly they should attach ads as should all content makers whose work is online) but it's good of them to let us watch their film. With further ado....
Should the Pharmaceutical industry be for profit? The orthodoxy is profit motives new drug discoveries, research and without it most drugs would never be discovered. But is the dogma from the profit church true?
Despite prescription drugs having a market growth rate of ~4.5% per year and total US sales of $286 billion, global $745 Billion, in 2007, the press was all aghast at the market decline and blamed it all on the lack of new products.
I wonder if you look at medicine as a product? Well, in the current state of affairs life saving compounds are.
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
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