Capitalism at Its Worst: 5 Deadly Sins of Big Pharma
Guest writer for Wake Up World
Big Pharma: Capitalism at Its Worst
For Mylan Pharmaceuticals, it was a perfect plan — diabolical, unstoppable. The company made changes in its anti-allergy EpiPen dispenser in 2009, enough to give it patent protection. Then, in 2012, it began to give away free pens to schools, gradually making school nurses at least partly dependent on them. Meanwhile the company was successfully lobbying for the “Emergency Epinephrine Act”, commonly referred to as the “EpiPen Law“, which encouraged the presence of epinephrine dispensers in schools. Then, most recently, after raising the price from $100 to $600, Mylan announced a half-price coupon, making itself appear generous — even though the price had effectively jumped from $100 to $300.
This is capitalism at its worst, a greedy and disdainful profit-over-people system that leaves millions of Americans sick — or dead. This is just one of the sins of the pharmaceutical industry…
1. Gouging Customers
The Mylan story is just one of many.
A 12-week course of Sovaldi, a treatment prescribed for hepatitis, costs Gilead Sciences about $84 to produce, and is priced at $84,000.
An American with cancer will face bills of up to $183,000 per year, even though it hasn’t been established that the expensive treatments actually extend lives. (See: The Truth About Chemotherapy – History, Effects and Natural Alternatives.)
Recommended reading by Paul Buchheit:
- Overwhelming Evidence that a ‘Guaranteed Basic Income’ Will Work
- The Real Terrorists: The 0.01%
- 5 Signs of a Dying Society
- Why Do So Many Americans Defend the Failed Capitalist Experiment?
- Five Great American Hypocrisies
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