Pure pharmaceutical greed - how big pharma is ripping off Americans

The public is being robbed.

April 30, 2013  |  

Each year, millions of Americans are dealt the devastating news that they have cancer, and each year, millions of Americans, many of whom are uninsured, have to figure out how to pay for the life-saving treatments that they need.

And unfortunately, that decision can be a very hard one.

Thanks to America’s for-profit health insurance industry, prescription drugs are a big business.

In fact, in 2012, the top 11 global drug companies made nearly $85 billion in net profits.

They made these profits by slapping extraordinary price tags on the prescription drugs and health treatments that Americans are forced to rely on in order to survive devastating diseases like cancer.

But while drug companies have been largely able to get away with robbing Americans left and right for the past several decades, more and more people are speaking up about the outrageous costs of lifesaving treatments.

A group of more than 100 leading oncologists from across the globe have penned a journal article, announcing their plans to start a campaign to force drug companies to slash their profit margins.

In the article, the groups of oncologists ask, “What determines a morally justifiable price for a cancer drug? A reasonable drug price should maintain healthy pharmaceutical industry profits without being viewed as 'profiteering'.”

But cancer drugs aren’t the only drugs on the market that are gouging the wallets of Americans.

Continued at :- 

http://www.alternet.org/pure-pharmaceutical-greed-11-out-12-new-fda-approved-medicines-cost-100000-year-patient?page=0%2C0