If you think the pharmaceutical industry has stolen all it can from the American people through its price gouging, think again. Even as they're pricing medications as high as the market can bear and beyond, drug corporations are getting big taxpayer subsidies and then dodging taxes on the resulting huge profits.
Our nation pays - by far - the highest prices in the world for prescription drugs. As a result of these prices, nearly one in five Americans cannot afford to fill their prescriptions. At what point do we say our tax system, our publicly funded research and our patent system are not serving the public interest?
America is the land of breakthrough science -- and health care scams. There is no question that Solvadi is a lifesaver for millions of Americans infected by Hepatitis C. Yet Solvadi is also the poster child of a U.S. health care system that is being bankrupted by greed, lobbying and indefensible policies on drug pricing.
Antibiotics treat short-term infections, they do not represent steady big pay-out profits. So, despite the fact that there's a growing roster of deadly bacterial diseases threatening the population, solidly resistant to the "old" antibiotics -- big pharmaceutical companies are not exactly rushing to our defense.
Thursday was panning out to be a seemingly ordinary day in the goings on of the International AIDS Conference when the shouts of a group of protesters began rumbling throughout the halls. It would appear that, with signs reading "Gilead Kills," these protestors were up in arms over the pharmaceutical company that holds the overwhelming majority of HIV medications.
This article comes to us courtesy of California Watch. By Bernice Yeung Foster City drugmaker Gilead recently updated its application with the f...