Biden administration unveils first 10 drugs subject to Medicare price negotiations

[CousinIT]

11. Big Pharma makes much of their exorbitant profits in the US by gouging consumers here

So they're squealing like stuck pigs. They don't need that massive profit for 'research'. They get gov't grants for that and private ones too. They spend trillions on advertising and the rest on fat CxO salaries. That doesn't help patients/consumers. It only helps Big Pharma.

NOWHERE ELSE IN THE WORLD does Big Pharma charge as much for prescription meds as it does in the US. This is a major contributor to the fact that the US has the highest healthcare costs in the developed world, while also having the lowest or one of the lowest life expectancy.

Expensive cost of prescription drugs is also part of what drives health insurance rates up and helps suck Medicare dry. Who pays? WE DO. Every person in the US pays. And more than anyone, the elderly, sick and injured pay by being unable to afford the damn insurance or the damn prescription drugs or costly procedures.

What a fuckin RACKET. What Biden has done here is just a very small first step in mitigating some of this shit. But there is a WHOLE LOT more to be done to fix America's WEALTHcare problem. Because we don't have HEALTHcare here. We have WEALTHcare. And it's about time that was abolished. NOT Medicare. WEALTHcare. Abolish WEALTHcare and we'll all be much better off.