The pharma industry as a whole has behaved similarly, cranking up political contributions and lobbying. Meanwhile, despite much talk about change, Congress and the Trump administration have done little to control drug prices or threaten drug-company profits. Jay Hancock, Kaiser Health News and Elizabeth Lucas, […]
Pharmaceutical companies are using their savings from recent corporate tax cuts to buy back shares of their own stock, enriching executives and wealthy investors as prescription drug prices continue to skyrocket, says Robert Reich, former Secretary of Labor. “It’s a two part scam,” he said. […]
Seniors are getting financially drained by excessive prescription drug price increases, and a congressional report released this week shows that the situation is unlikely to change anytime soon without fundamental change. The report, “Manufactured Crisis: How devastating drug price increases are harming America’s seniors,” exposed […]
Americans may be warming to the idea of a national health plan, such as the Medicare-for-all idea advocated by Sen. Bernie Sanders (I-Vt.). Overall, 59 percent said they supported it, and even more, 75 percent, said they would support it if it were one option […]
“Pharma Bro” Martin Shkreli, who became the face of all that is wrong with the drug industry, was sentenced last week to seven years for securities fraud. While unrelated to the criminal trial, Shkreli bought in 2015, through one of his companies, a 62-year-old drug […]
Corporate health insurers and Big Pharma spend millions on lobbying in California every year. And every year, insurers blame the drug companies for price hikes, and drug companies blame insurers for premium gouging. The only thing that changes for consumers are their medical costs: They […]
