Reuters - Dec 30, 2022
Note: With new law. Medicare might be able to have price caps in Jan 2026.
BigPharma appears to want to get all their increases in before then
In 1984 Pharma lobbyists got a law passed that handcuffed Medicare on negotiating competitive drug prices
- Extremely Big Pharma - many studies
- in 2002 10 Pharmaceutical companies combined made more than the other 490 Fortune 500 companies - $35.9 billion vs $35.7 billion
- ROI: $44 profit for every $1 spent
- Insulin prices and usage are soaring
- FDA drug section gets 75% of its income from Big Pharma - Oct 2022
- The FDA, CDC and most other Western govt. regulators only approve patented, profitable, COVID-19 treatments - June 2022
- New FDA head chosen because he had the fewest ties to big Pharma - Nov 2021