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Lionel Mandrake

(4,212 posts) Sun Jun 21, 2015, 08:29 PM Jun 2015

Is there any limit to the greed of pharmaceutical companies? [View all]

The following story from the LA Times shows some consequences of our ridiculous drug prices. Only in America does the government encourage this abuse. For a private citizen, printing money is called counterfeiting and is prosecuted by the feds, but big pharma practically has a license to print money.

http://www.latimes.com/business/hiltzik/la-fi-hiltzik-20150621-column.html#page=1

19 replies

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Highlight:

Is there any limit to the greed of pharmaceutical companies? [View all] Lionel Mandrake Jun 2015 OP

Short answer - NO. hifiguy Jun 2015 #1

Blame the revolving door between the privacy sector and government agency heads. -none Jun 2015 #2

I tend to blame our Congress Lionel Mandrake Jun 2015 #6

IMO, this is a great issue for Bernie, who alone ProgressiveEconomist Jun 2015 #9

True, They enable the revolving door because they profit from it. -none Jun 2015 #10

Did you see 60 Minutes this evening? ProgressiveEconomist Jun 2015 #3

Bribery and corruption. hifiguy Jun 2015 #4

Another story in that same 60 Minutes segment ProgressiveEconomist Jun 2015 #7

Big Pharma writes the laws that let them redstateblues Jun 2015 #13

Nope. And the TTP and other "trade" agreements will make things even worse. djean111 Jun 2015 #5

My conception of greed has no limits rock Jun 2015 #8

NPR had a story on this a while ago re: MS Drugs IcyPeas Jun 2015 #11

Take the profit away from drugs and you have no more new drugs! Nt Logical Jun 2015 #12

take the obscene profits aways from corporate gougers and you have more healty people AND msongs Jun 2015 #14

Let's just shut them all down! Problem solved! Nt Logical Jun 2015 #15

You can omit the word "pharmaceutical" and make the same rhetorical point. WinkyDink Jun 2015 #16

Big Pharma just may be the biggest racket going in this country... blue neen Jun 2015 #17

I agree. Lionel Mandrake Jun 2015 #18

Your guess is as good as mine. blue neen Jun 2015 #19