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Fairfax Underground
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Big Pharma Pockets $711 Billion in Profits by Robbing Seniors, Taxpayers
Posted by:
VoteStrike
()
Date: December 20, 2016 10:32AM
Big Pharma Pockets $711 Billion in Profits by Robbing Seniors, Taxpayers
Here’s an outrage that must be changed: Big Pharma has been systematically price-gouging the Medicare program for seniors and people with disabilities — and raking in billions in excessive profits. The 11 largest global drug companies made an astonishing $711 billion in profits over the 10 years ending in 2012, and they got a turbo-charged boost when the Medicare Part D prescription drug program started in 2006, according to an analysis of corporate filings by Health Care for America Now (HCAN).
The drug companies hold the power to charge America’s consumers whatever they want. Worse, Medicare — the nation’s largest purchaser of drugs — is prohibited by law from seeking better prices. The result of this shortsighted policy is dramatic. In 2006, the first year of Medicare’s prescription drug program, the combined profits of the largest drug companies soared 34 percent to $76.3 billion. And unlike other industries, such as Big Oil, drug companies get something even better than a tax subsidy — they get a government program.
READ MORE- http://www.huffingtonpost.com/ethan-rome/big-pharma-pockets-711-bi_b_3034525.html
Here’s an outrage that must be changed: Big Pharma has been systematically price-gouging the Medicare program for seniors and people with disabilities — and raking in billions in excessive profits. The 11 largest global drug companies made an astonishing $711 billion in profits over the 10 years ending in 2012, and they got a turbo-charged boost when the Medicare Part D prescription drug program started in 2006, according to an analysis of corporate filings by Health Care for America Now (HCAN).
The drug companies hold the power to charge America’s consumers whatever they want. Worse, Medicare — the nation’s largest purchaser of drugs — is prohibited by law from seeking better prices. The result of this shortsighted policy is dramatic. In 2006, the first year of Medicare’s prescription drug program, the combined profits of the largest drug companies soared 34 percent to $76.3 billion. And unlike other industries, such as Big Oil, drug companies get something even better than a tax subsidy — they get a government program.
READ MORE- http://www.huffingtonpost.com/ethan-rome/big-pharma-pockets-711-bi_b_3034525.html
Re: Big Pharma Pockets $711 Billion in Profits by Robbing Seniors, Taxpayers
Posted by:
VoteStrike
()
Date: December 22, 2016 10:51AM
When will you fucking stand up for yourselves and say enough is enough???
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Re: Big Pharma Pockets $711 Billion in Profits by Robbing Seniors, Taxpayers
Posted by:
the pussyboy way
()
Date: December 22, 2016 10:52AM
I'm going to spam a bunch of message boards to stand up for myself. That'll show 'em!