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Top 10 Pharma Companies are making obscene profits

No wonder people are struggling to pay for medications. Profits (Net Income) in the billions has gone off the charts!

They try to claim the cost of research and development is the reason behind their prices. I get that R&D is extremely expensive. But that arguement loses all credibility when their shareholders received more than $10.9 billion in stock dividends and buybacks.
Ontheroad · M
@SooperSarah Their claim is pure B.S. Proven by their financial statements which take into consideration (reduce their net income) the cost of R&D.
MethDozer · M
@SooperSarah It's horseshit. Most actual new cures and drugs are piggy backed off of University and government funded and conducted research. Then they just develop a way to brand and market it. The largest bulk or the R&D they do themselves is just tweaking molecules of medicines we already have so they can replace expiring patents.
When they can hold you hostage by denying your kids education or you government assistance..
it’s pretty obvious big pharma runs the house n senate..
Ontheroad · M
@TheOneyouwerewarnedabout This! 💯% this. The fight for Medicare to be able to negotiate drug prices was proof of that.
AlchemyFox · 36-40, F
Not surprised in the least. I feel docs (here), pharma and insurance companies are all in on it. Maybe doctors got sucked into it, but they sure aren't saying no to the Mercedes Benz and 4000 SQ ft homes by the beach, vacations, ECT.
AlchemyFox · 36-40, F
@Flenflyys I went to the walk in after I left her office and they tested and treated me on the spot for the infection. I still haven't received her test results or heard from her after a full business week. Imagine if I waited for her? 😂

The even more sad part is my oncologist wouldn't prescribe me antibiotics either. He said it wasn't typical but when I looked it up 36% of women get an infection simply because the surgery disturbs their natural flora. And my gynecologic oncologist didn't know this?

Yikes 😂
Flenflyys · 31-35, F
@AlchemyFox terrible. So much for maintaining their standard of practice.
Ontheroad · M
@AlchemyFox Yep, that is a whole other thing. Not to mention their billing for procedures and they never fully do.
MrBrownstone · 46-50, M
A patient cured is a customer lost.
Ontheroad · M
@MrBrownstone I don't want to believe that, but...
MrBrownstone · 46-50, M
@Ontheroad We should be having less medical conditions than more compared to hundreds of years,
@Ontheroad Said by a big pharma CEO in 2005, yet the bookmark I had from the article is now 404, I was going to link it.
MarineBob · 56-60, M
Yeah, my receipt for a new prescription says my insurance saved me $1500.00
Ontheroad · M
@MarineBob Which is paid for by guess who? Yeah, the people (you) paying the premiums.
Ynotisay · M
Biden enacted a program hat requires the pharmaceuticals to negotiate for Medicare drugs to bring prices down. Appeals and fights are upcoming. Because of course they are.
While the administration can enact rules for government programs, like Medicare, it doesn't touch the free market.
But I guess Americans are more on board with being the [i]only [/i]industrialized nation on earth without access to government run healthcare.
We pay the most and get the least.
Because America. And Because Freedom.
Yaaahh thats always been the case thou i mean its a market ya cant replace cuz peeps need meds to live
trollslayer · 46-50, M
Charge high prices, then have insurance companies “negotiate” for pennies on the dollar. Seems those two crooks have an illicit relationship.
WintaTheAngle · 41-45, M
I thought dollars, capitalism and monopolising sectors was what Americans were all about…
Ontheroad · M
@WintaTheAngle It is, for the top-tier Americans and those in government who support them.
JSul3 · 70-79
The Party of Trump (formerly known as the GOP) and cult members will simply blame Biden for the high costs.
Lilymoon · F
I bet there's a cure for cancer but big pharma would lose money so ... 😑
MrBrownstone · 46-50, M
@Lilymoon [media=https://youtu.be/w7TX-_v9vzM]
MethDozer · M
Praise Capitalism and the that awesome American privatized healthcare system. Anything else is SOshUlIZzzUM
And yet they wonder why Socialism among the younger generations are on the rise.

 
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