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The REAL Reason for High Healthcare Product Prices
US Senators claim they are investigating the reason for such outrageous drug prices. Uh, gee, not so hard to figure out...
Date Created: November 20, 2015
Keywords: bribes, corruption, lobby, lobbiest, healthcare, campaign financing, fine, settlement
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It's been brought to my attention that our 100 United States Senators cannot figure out why drug prices are so high. Believe it or not, it's really not that difficult to comprehend.
Johnson & Johnson CEO Alex Gorsky flat out lies when he claims high pharma costs are result of high cost of Research and Development (R&D). Well, that's not it since the truth is that grants by the National Institutes of Health, funded by donations and tax dollars ($21 billion, fiscal year 2014), is the primary source of funding for R&D of new healthcare products, not only in the US but also abroad.
Money for all of the following, and then some, has to come from somewhere, correct? The ONLY income a drug company has is the products they sell, correct? Okay, so, to continue massive profits in addition to all these other 'operating expenses', for example, Johnson & Johnson and subsidiary drug prices must be set to bring in revenue needed for the following:
hundreds of thousands of lawsuits around the world
paid defense speakers
cost of victim increased medical care
cost of victim disability draining Social Security
cost of victim settlements and other agreements
paid speakers (or liars as the case may be) for drug promotion
Oh, and and few cents per dose for manufacturing ;o)
and finally, just flat out greed.
Now, that isn't too complicated for ya'll to understand, was it?
Wait, wasn't the US Senate HELP Committee supposed to be responsible for bringing this to the attention of the Senate? Hm?
I just popped this together this morning and figure you all might have the numbers at hand for the costs of each of these that is tacked on to the cost of drugs.
You all really do need to do something soon before pharma companies like Johnson & Johnson totally sink the global banking system, the result of which will collapse the global economy.
If you have any questions, have any trouble at all understanding what I just explained, feel free to send me an email and I'll respond as soon as possible.
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1. Emily Patterson (2014, November 25). Who REALLY Pays for Drug Development? US TAXPAYERS - $21 BILLION for fiscal year 2014. Johnson And Toxin. Retrieved from http://www.johnsonandtoxin.com/drug_development.shtml
2. Emily Patterson (2015, September 1). United States Senate HELPless Committee. Johnson And Toxin. Retrieved from http://www.johnsonandtoxin.com/helpless_committee.shtml
3. Emily Patterson (2015, October 22). How Johnson and Johnson is Screwing Their Institutional Shareholders ;o). Johnson And Toxin. Retrieved from http://www.johnsonandtoxin.com/jnj_screwing_shareholders.shtml
4. Emily Patterson (frequently updated). How Emily Patterson, Owner of Johnson and Toxin, Ended Up Homeless. Johnson And Toxin. Retrieved from http://www.johnsonandtoxin.com/my_situation.shtml
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