Epilepsy Talk

BIG Pharma’s Outsized Profits and Lobbying Spend | March 4, 2020

You want to talk about putting your money where your mouth is. That’s exactly what BIG Pharma is doing. Egregious price gouging to gain power in the marketplace and politics.

“To address the complicated question of whether the drug industry is too profitable, Fred Ledley, MD, of Bentley University in Waltham, Massachusetts, and colleagues compared data from 35 large pharmaceutical companies’ annual reports with 357 other firms in the S&P 500, from 2000 to 2018.

They found the median profit margin for drug companies was nearly double that of non-pharmaceutical companies (13.8% vs 7.7%) during that time.”

Click on this link for further information: https://www.medpagetoday.com/publichealthpolicy/healthpolicy/85197?xid=nl_mpt_SRPrimaryCare_2020-03-04&eun=g678261d0r&utm_source=Sailthru&utm_medium=email&utm_campaign=PrimaryCareUpdate_030420&utm_term=NL_Spec_Primary_Care_Update_Active&fbclid=IwAR2XdxyiHu_p0OreLdGqfH_EffJkon4iE9XfFID19UTwWEcNB7b3Oy4W0jA

 

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11 Comments »

  1. Also the fact that the same drugs are cheaper in other countries. Drug companies are gouging us. Epilepsy drugs especially are very expensive.

    Liked by 2 people

    Comment by prasadmok — March 4, 2020 @ 9:48 PM

    • Opportunity knocks. No cares about what knocks us down. 😦

      Liked by 2 people

      Comment by Phylis Feiner Johnson — March 4, 2020 @ 10:11 PM

    • If you add T.V.ads, other media commercials, sponsorships of events, sports figures,and most politicians, that we, and everyone,in some fashion, pay for, that’s even more dough. Countries with some kind of universal health care don’t have doctors and Big Pharma gangsters hawking their wares.

      Liked by 1 person

      Comment by catsissie — March 4, 2020 @ 10:18 PM

  2. People should research it all and see how many of the AED’s & all other drugs are loaded with toxins, metals like ALUMINUM & other chemicals that are dangerous to all health including brain health, which seems to me has been going on for years & decades as NONE of the AED’s has ever stopped my seizures. If the drugs seems to have MORE side effects than helping the condition they are being taken for, then BIG PHARMA & the FDA should be accountable for making & approving worthless drugs that do nothing to stop a seizure.

    Liked by 2 people

    Comment by James D — March 4, 2020 @ 9:50 PM

    • BIG Pharma and the FDA should be held accountable. Period.

      Liked by 2 people

      Comment by Phylis Feiner Johnson — March 4, 2020 @ 10:12 PM

      • Who wants their daily talc? Food coloring? Ingredients that even an English professor of English can’t pronounce? I read that sheet from the pharmacy. If that stuff came in my peanut butter, I’d be expecting it to blow up before I got a bite of my sandwich! But then, when it comes to our medicine, WHAT are we going to do?

        Liked by 1 person

        Comment by catsissie — March 4, 2020 @ 10:27 PM

  3. There are laws in place they just have to be enforced. The sherman / clayton act applies to big pharma and the health care industry as a whole. If applied most healthcare would be affordable. Prices would drop by 75%
    But no one in CONgress will enforce these laws because they are bought and paid for by the lobbyists hired by these corporations. Lobbying should be illegal, its legalized bribery.
    It’s the American peoples fault because they do not hold these people accountable. When government is afraid of the people you have freedom, when people are afraid of the government you have tyranny .

    Liked by 2 people

    Comment by Tom — March 4, 2020 @ 11:14 PM

    • Well said. But I don’t think it’s the people’s fault.

      Were are ruled by the government and the government is what allows BIG Pharma to set their abhorrent prices.

      Tyranny is the best way to describe the pharmaceutical mess we are in now.

      Liked by 1 person

      Comment by Phylis Feiner Johnson — March 5, 2020 @ 9:31 AM

      • Governments job is to rule at the WILL of the people, so we the people are responsible. We cannot escape that fact. People will march and demonstrate about issues that are irrelevant except to special interest groups , but they will not stand against the corruption.

        Liked by 3 people

        Comment by Tom — March 5, 2020 @ 12:52 PM

  4. take a look at GoodRx. Prices are much lower and they even show who has the best prices in your area. I ‘ve had good luck with them.

    Liked by 2 people

    Comment by Ellen LaFrancis — March 5, 2020 @ 8:23 AM


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    About the author

    Phylis Feiner Johnson

    Phylis Feiner Johnson

    I've been a professional copywriter for over 35 years. I also had epilepsy for decades. My mission is advocacy; to increase education, awareness and funding for epilepsy research. Together, we can make a huge difference. If not changing the world, at least helping each other, with wisdom, compassion and sharing.

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