Showing posts with label Pharmaceutical cos..accused by state AGs. Show all posts
Showing posts with label Pharmaceutical cos..accused by state AGs. Show all posts

Thursday, May 16, 2019

The huge conspiracy in pharmaceutical co. drug sales

Pharma preparing to screw the American consumer
"Attorneys general of 44 states accused some of the nation’s largest generic drug manufacturers of conspiring to inflate prices, in some cases by over 1,000 percent." This is the conclusion of AalterNet, substantiated by the Connecticut AG, William Tong...
“We have hard evidence that shows the generic drug industry perpetrated a multi-billion dollar fraud on the American people.”
Tong continued, “Teva and its co-conspirators embarked on one of the most egregious and damaging price-fixing conspiracies in the history of the United States.” 20 major drug manufacturers are named: Pfizer, Teva, Novartis, and Mylan. More than a dozen senior executives are accused of deleting evidence. The whole thing is so horrific with an industrywide scheme affecting the prices of more than 100 generic drugs.

Here are some of the drugs that were included: "lamivudine-zidovudine, which treats H.I.V.; budesonide, an asthma medication; fenofibrate, which treats high cholesterol; amphetamine-dextroamphetamine for ADHD.; oral antibiotics; blood thinners; cancer drugs; contraceptives; and antidepressants.” Here's a startling fact...

"Americans pay far more for prescription drugs than the people of any other industrialized nation. "Way back in January of 2012, I warned my Blogger audience that, "Drug companies want to convince you that you are sick," emphasizing a new business model that focuses on profitability. They used disease mongering, a term that’s been around 20 years referring to how drug cos. promote their blockbuster drugs to those who are sick. And most alarming...
"some docs would recommend a drug just because the salesman is pushing it because the company wants to promote it at all costs."
Not just alarming but frightening. Then Donald Trump entered the arena in 2018, and does a bait and switch on reducing drug costs, with the American consumer as the loser. Instead of going direct to the source of ridiculously high U.S. drug prices, the greed of pharmaceutical companies, he appeals to foreign markets to adjust their prices, one of the stupidest moves Donald Trump had made since entering office. Of course his stupid moves now outnumber his days in office.


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