Tag Archives: Big Pharma

To Combat Insulin Price Gouging, California Looks Into Generic Drug Production

“Everyone who cares about the future of U.S. domestic policy should pay attention to this effort in California to build a public option for prescription drug manufacturing,” said one expert. “Potentially game-changing.”

By Kenny Stancil  Published 6-8-2022 by Common Dreams

Photo: Brian J. Matis/flickr/CC

With insulin prices in the United States so astronomical that experts have accused the federal government and pharmaceutical industry of violating human rights, California is exploring a plan to produce its own generic version of the lifesaving medicine and make it accessible to millions of people with diabetes.

“Everyone who cares about the future of U.S. domestic policy should pay attention to this effort in California to build a public option for prescription drug manufacturing,” Steph Sterling, vice president of the Roosevelt Institute, a progressive think tank, said Tuesday. Continue reading

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‘Good News for Seniors’: Becerra Orders Medicare to Reassess Premium Hike

“It is unconscionable,” said one advocate welcoming the announcement, “for Medicare premiums to increase this dramatically because of one corporation’s greed.”

By Brett Wilkins.  Pubished 1-10-2022 by Common Dreams

U.S. Health and Human Services Secretary Xavier Becerra announced on January 10, 2022 that he was ordering a review of a planned 15% hike in the Medicare Part B premium. Photo: Gage Skidmore/flickr/CC

As the head of the U.S. Department of Health and Human Services announced Monday that he was ordering a review of a planned 15% hike in the Medicare Part B premium for 2022, healthcare reform advocates stressed the need for Congress to pass a Build Back Better bill with a provision allowing the federal government to negotiate the price of prescription drugs.

HHS Secretary Xavier Becerra said that he was instructing the Centers for Medicare and Medicaid Services (CMS) “to reassess the recommendation for the 2022 Medicare Part B premium”—a hike that progressive critics said was largely the result of the pharmaceutical industry’s outrageous profiteering. Continue reading

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‘Reckless’ FDA and Big Pharma Greed Blamed for Medicare Premium Hike

“All Part B Medicare beneficiaries soon will be forced to bear significant financial burden as a direct result of the FDA’s reckless decision.”

By Jake Johnson.  Published 11-16-2021 by Common Dreams

Janet Woodcock, acting commissioner of the Food and Drug Administration. Screenshot: FDA

Medicare Part B recipients will soon be hit with one of the biggest premium increases in the history of the government program, a hike driven in large part by the Food and Drug Administration’s scandalous approval of a costly—and, according to many experts, dubious—Alzheimer’s drug.

Last week, the Centers for Medicare and Medicaid Services (CMS) announced that monthly Medicare Part B premiums will be raised to $170.10 in 2022, up from this year’s level of $148.50. Continue reading

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Big Pharma Spent ‘Horrifying’ Sums of Money to Weaken Drug Price Reform

The industry is expected to break its lobbying record after spending tens of millions of dollars to undermine a popular proposal to reduce prescription drug costs.

By Kenny Stancil.  Published 11-5-2021 by Common Dreams

Photo: Daniel Foster/flickr/CC

While progressive advocates are still optimistic that a limited drug pricing provision will be included in the Build Back Better Act, the Washington Post on Friday detailed the “massive, months-long advertising, lobbying, and political donation blitz” that Big Pharma and its allies carried out to kill a stronger and overwhelmingly popular proposal that would have done more to protect Americans from the industry’s deadly price gouging.

As Common Dreams has reported, pharmaceutical corporations and private health insurers spent $171 million on lobbying through the first nine months of the year, the most of any industry. Big Pharma’s 1,600 lobbyists outnumber members of Congress by a ratio of three to one. Continue reading

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Low-Income Americans to Congress: ‘I Am the Cost of Cutting Build Back Better’

“We need to stop asking, ‘How much does a bold Build Back Better agenda cost?’ and instead ask, ‘How much does it cost not to Build Back Better?'” said Rev. Dr. William J. Barber II.

By Kenny Stancil, staff writer for Common Dreams. Published 10-28-2021

With President Joe Biden and many congressional Democrats bowing to right-wing party members’ demands to gut their once far-reaching agenda to tax corporations and the wealthy to fund expanded public benefits and climate action, low-income people from across the United States convened in Washington, D.C., on Wednesday to say that “I am the cost of cutting the Build Back Better plan.”

“We need to stop asking, ‘How much does a bold Build Back Better agenda cost?’ and instead ask, ‘How much does it cost not to Build Back Better?'” Rev. Dr. William J. Barber II, president of Repairers of the Breach, said during Wednesday’s rally, which was organized by the Poor Peoples’ Campaign: A National Call for Moral Revival, an effort that he co-chairs. Continue reading

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‘Appalled’ by Vaccine Booster Plans, WHO Chief Rebukes Big Pharma, Rich Nations

“I will not stay silent when the companies and countries that control the global supply of vaccines think the world’s poor should be satisfied with leftovers,” said Dr. Tedros Adhanom Ghebreyesus.

By Jake Johnson, staff writer for Common Dreams.  Published 9-9-2021

Photo: U.S. Secretary of Defense/flickr

With the Biden administration expected to begin offering third doses of Pfizer’s coronavirus vaccine to the U.S. public in less than two weeks despite vocal pushback from many experts, the head of the World Health Organization on Wednesday demanded a moratorium on booster shots until at least the end of the year in order to free up supply for low-income nations.

During his weekly press briefing, WHO Director-General Dr. Tedros Adhanom Ghebreyesus said he is “appalled” that rich nations are moving ahead with booster campaigns as billions of people across the globe lack access to a single dose. Less than 2% of people in low-income countries have been fully vaccinated against Covid-19, according to Our World in Data. Continue reading

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Lack of Patent Waiver Would Add Over $70 Billion to Cost of Vaccinating World: Oxfam

Most of that money, said a spokesperson for the group, “will go directly into the pockets” of Big Pharma shareholders.

By Jon Queally staff writer for Common Dreams. Published 6-13-2021

Photo: James Bullock/Twitter

As leaders of the G7 were criticized for failing to rise to the challenge of the Covid-19 pandemic during their summit in the United Kingdom this weekend, Oxfam International on Saturday warned that failure of the world’s richest nations to fully embrace a lifting of intellectual property protections for life-saving vaccines could ultimately raise the cost of administering shots to the entire world by as much as $74 billion with most of that money going directly into the wallets of pharmaceutical companies and their wealthy shareholders.

Oxfam calculates that if patent protections were waived by the World Trade Organization (WTO) and vaccine production ramped up worldwide people in low- and middle-income nations could be adequately vaccinated for an estimated cost of $6.5 billion, but that if pharmaceutical companies are allowed to retain their for-profit stranglehold on production and distribution that cost would soar to $80 billion. Continue reading

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‘Let’s Do Insulin Next,’ Says Ocasio-Cortez After Biden Backs IP Waiver to Boost Covid-19 Vaccine Access

“We can do it with all lifesaving pharmaceuticals,” tweeted one group.

By Jessica Corbett, staff writer for Common Dreams. Published 5-5-2021

After the Biden administration on Wednesday caved to global pressure and endorsed waiving intellectual property protections for Covid-19 vaccines, progressives across the United States called for taking a similar approach to other lifesaving drugs and treatments made less accessible by Big Pharma’s greed.

“Let’s do insulin next,” tweeted Rep. Alexandria Ocasio-Cortez (D-N.Y.), a self-described “unapologetic advocate of Medicare for All” who also “believes that all people must have access to safe and affordable prescription medications.” Continue reading

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As Rich Countries Hoard Vaccines, India and Other Developing Nations Face Uncontrolled Covid Spread

“I think we haven’t seen the worst of it yet. It is beyond horror, what is happening… Yet, this is not yet the worst.”

By Jake Johnson, staff writer for Common Dreams. Published 5-4-2021

Open air crematorium in India. Photo: Press Club of India/Twitter

As rich countries that have hoarded vaccine doses and technology for months begin to accelerate their reopenings as coronavirus case counts level off or decline, India, Brazil, Nepal, Thailand, and other developing nations are in the grip of deadly and uncontrolled Covid-19 surges that experts fear could prolong the global pandemic and endanger the entire world.

On Tuesday, India became the second nation after the United States to surpass the 20 million-case mark, with the South Asian country reporting at least 357,000 new infections and 3,449 deaths over just the past 24 hours—the latest figures from a wave that is overwhelming strained hospitals and leaving facilities with fatal shortages of oxygen and other critical supplies. Continue reading

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200+ Groups From 67 Nations Demand ‘Transformational Change’ at Corporate-Friendly WTO

“The WTO’s hyperglobalization rules shaped a global economy that is not working for most people, and it’s due time to replace them.”

By Jake Johnson, staff writer for Common Dreams. Published 4-28-2021

WTO Headquarters. Screenshot: Sky News

More than 200 environmental groups, labor unions, and civil society organizations from 67 nations sent a letter to global heads of state on Wednesday demanding “transformational change” at the World Trade Organization, a relatively new institution that critics say is structurally inadequate and much too corporate-friendly to confront the planet’s most pressing challenges.

“The Covid-19 pandemic has exposed how the WTO model exacerbates insecurity, inequality, and instability,” argues the coalition, which includes Public Services International, Third World Network-Africa, and Public Citizen. “Legitimate global commercial rules should facilitate the improvement of the livelihoods, health, and wellbeing of all people around the world and the long-term survival of the planet. The WTO system has not met these goals: It was never fit for purpose and certainly is not now.” Continue reading

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