Earlier this year, our government decided to give taxpayer money, lots of money, to drug companies. As reported in The New York Times, due to concerns over “the slowing pace of new drugs coming out of the pharmaceutical industry … officials have decided to start a billion-dollar government drug development center to help create medicines.”
Drug Company Secrets
Let’s get some facts on the table, including the six secrets drug companies don’t want you to know…
The large drug companies are cash cows. According to Fortune 500 rankings, their mean profit margin is about 20 percent, compared to an 8 percent average across all industries.
The pharmaceutical industry makes the most dangerous products on the planet. Prescription meds are our fourth-leading cause of death, and some of them have unthinkable side effects. Psychiatric drugs, for instance, have been linked to countless suicides, school shootings and other bizarre acts of violence, such as mothers killing their own children.
These drug companies have limited liability for damages caused by their products. For example, if your child develops autism after receiving dozens of required inoculations, you’ll have to sue the federal government, which has agreed to shoulder vaccine-related liability—with taxpayer money.
Drug companies gets irrational sweetheart deals from the government. For Medicare prescription drug coverage, prices are not negotiable. They can charge the government whatever they want!
This industry spends nearly twice as much on advertising as they do on research and development. Direct-to-consumer advertising, which is allowed only in the U.S. and New Zealand, has created unprecedented demand for medications, driven up usage and profits and corrupted the doctor-patient relationship.
The U.S. is broke. Do you really want your children and grandchildren to work overtime to “help” drug companies?
Now it’s your turn: What are your thoughts on the government funding drug companies?
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