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Saturday, July 21st, 2018

As Americans get gouged on healthcare, Big Pharma cannibalizes profit to feed shareholders

Author:     ANGELO YOUNG
Source:     Salon
Publication Date:     JULY 18, 2018 6:00PM (UTC)
 Link: As Americans get gouged on healthcare, Big Pharma cannibalizes profit to feed shareholders
Stephan:   Here is the latest on America's illness profit system. It goes on right under everyone's nose, they don't even bother to hide it, because when you own the government you don't break the law, you make the law, and construct it so you can milk ordinary people like cows. And we all stand around chewing our cuds. In 2016 only 59.7 percent of eligible voters cast their ballots. And enough of that number cast votes for dead-end candidates like Jill Stein that Donald Trump was elected. We're going to get a last chance to preserve democracy in November. Be very clear that the christofascists will be voting in very high numbers, all for politicians who support Trump. Do you think Democrats can get clear in their own heads that it is a two party system?

Credit: Getty

To give you an idea of how much Americans are getting gouged on their purchases of medicine, consider this: Over the past three years, the cost of six commonly used drugs categories, including treatments for asthma, diabetes, cancer, and HIV, have risen by an eye-popping average of 30 percent, or more than five times the rate of inflation. With an average cost of nearly $1,200 per year per person, prescription drugs cost more in the U.S. than anywhere else in the world.

While modern medicine involves a lot of pill-taking, the main reason why Americans pay so much for prescription drugs is because — unlike every other capitalist democracy on the planet — the U.S. government will not intervene to reel prices back from the stratosphere. At the same time, the country’s largest drug manufacturers are often spending more money enriching their shareholders than they earn in profits.

And currently there seems to be no relief in on the horizon for Americans struggling with their healthcare budgets.

According to a […]

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