Drug Companies rip off consumers every time the doctor hands out a prescription. The ingredients in these medications costs the manufactures less than the bottles that hold them. Yet patients pay through the nose. Money that doesn’t go into manufactures pockets goes for advertisements of the product and bribes to doctors. That’s why drug manufactures have the highest profits in the world of business.
U.S. Drug Companies are the most profitable in the world of business. They have a monopoly on newly patented drugs for 17 years, which means no generic can be marketed for that length of time. And they can charge any price they wish. The sky’s the limit. When you consider the cost of manufacturing the specific drug it might seem reasonable, but the cost of manfacturer is a small fraction compared to the price they charge. The packaging a prescription drug is wrapped in costs more than the ingredients. Drug companies protest that they spend millions developing and testing drugs, if that’s the case, why are their net profits the highest of all other industries? Of course, we must count the advertising costs, which were over $20 billion last year. That also has to be figured into each prescription.
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Why do they need to advertise anyway? You can’t buy a medication without a doctors prescription, and that brings us to the substantial amount they shell out to bribe doctors. You can be sure when you go to the doctor for an ailment, the only drug available for your ailment will be that particular drug.
Drugs cost 50% less in European countries than in the U.S.. The reason being the insurer is the government and they wont pay a higher price. The drugs are made by the same manufacturers and contain the same ingredients as in the U.S. and are manufactured in the same controlled conditions. If the U.S. government forced drug companies to stop the bribes and advertisements and demanded they sell at the same price as in Europe our prescription drugs would cost half as much as now.
A cancer researcher at Mayo clinic found that a deworming drug used for sheep could successfully treat colon cancer in humans. With a $11 million dollar grant it was tested on 1400 colon cancer patients. Johnson and Johnson were given the go ahead to produce it for humans. The brand name is Ergamisol. Shortly afterwards a colon cancer patient was prescribed the drug. Imagine her shock when she was charged $300 dollars, since she knew the same drug for sheep was sold locally for $8.00.
Another way drug companies increase their profits is to cut the strength of a drug by half and put it in the same bottle and charge the same price. Sandoz did that when they cut the strength of Triaminic Cold and Cough Syrup for children. Then had the brass on their face to call it, “new and improved.
Taxol, the drug for ovarian cancer, was found in the bark of the yew tree. Our government funded the National Cancer Institute for developing and proving the drug works. It was then given to Squibb to finish testing. Although Squibb had little expense they charged from $4,000.00 to $6,000.00 for each patient tested. If that isn’t ripping off the patient, what is?
Articles by Ruby Hawk;