Tag Archives: Big Pharma

Lawsuit by 44 States Accuses Pharma Giants of ‘Multi-Year Conspiracy’ to Hike Drug Prices by Over 1,000%

“We have hard evidence that shows the generic drug industry perpetrated a multi-billion dollar fraud on the American people.”

By Jake Johnson, staff writer for Common Dreams. Published 5-12-2019

Pfizer World Headquarters – New York City. Photo: Norbert Nagel/CC

A far-reaching lawsuit filed Friday by the attorneys general of more than 40 states accused some of the nation’s largest generic drug manufacturers of conspiring to inflate prices, in some cases by over 1,000 percent.

“We have hard evidence that shows the generic drug industry perpetrated a multi-billion dollar fraud on the American people,” Connecticut Attorney General William Tong, whose state led the probe into the companies’ practices, said in a statement. Continue reading →

Demanding Medicare for All, Nurses Use Band-Aids to Plaster GoFundMe Pages to Big Pharma Headquarters

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-“Nobody should have a GoFundMe account to pay for their healthcare, and we’re here to make sure that that stops.”

By Jake Johnson, staff writer for Common Dreams. Published 4-29-2019

Nurses use Band-Aids to attach GoFundMe pages to the headquarters of Pharmaceutical Research and Manufacturers of America in Washington, D.C. (Photo: National Nurses United/Twitter)

Hundreds of nurses and their allies from across the country rallied Monday outside the headquarters of the pharmaceutical industry’s top lobbying group and plastered the GoFundMe pages of Americans “suffering in an immoral healthcare system” to the building’s walls and windows.

The Pharmaceutical Research and Manufacturers of America, or PhRMA, spends tens of millions of dollars a year lobbying on a variety of healthcare issues, and it is currently bankrolling efforts to crush Medicare for All. Continue reading →

‘I Felt Americans Needed to Know’: Insurance Industry Whistleblower Gives Glimpse of Effort to Crush Medicare for All

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“The business model of for-profit health insurance depends on denying care to people who need it. These corporations can’t be reasoned with, only defeated.”

By Jake Johnson, staff writer for Common Dreams. Published 4-12-2019

“When the people begin organizing against private insurance, the lonely insurance executives turn to their only friends: the elected officials beholden to their cash,” said Medicare for All campaigner and policy expert Tim Faust. (Image: Miami Business School)

In an effort to inform the public about the corporate forces working to crush Medicare for All, an employee at the insurance giant UnitedHealthcare leaked a video of his boss bragging about the company’s campaign to preserve America’s for-profit healthcare system.

“I felt Americans needed to know exactly who it is that’s fighting against the idea that healthcare is a right, not a privilege,” the anonymous whistleblower told the Washington Post‘s Jeff Stein. Continue reading →

With Power to Kneecap Bold Demand, Incoming Democratic Tax Committee Chair Says Medicare for All ‘Not Realistic’

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“Two decades of generous donations apparently gets you a powerful congressman willing to throw up roadblocks in front of universal healthcare.”

By Jake Johnson, staff writer for Common Dreams. Published 12-6-2018

Ranking member of the House Ways and Means Committee Rep. Richard Neal (D-Mass.) speaks during a news conference on Republican plans to end the state and local tax deduction, on Capitol Hill, October 12, 2017 in Washington, D.C. Photo: C-SPAN screenshot

As progressive House Democrats strategize and push for a vote on Medicare for All legislation as soon as possible, surging congressional and grassroots momentum for single-payer could soon run into a serious obstacle in the form of incoming Ways and Means Committee chair Rep. Richard Neal (D-Mass.), who has denounced Medicare for All as “not realistic” and will soon be in a position to tank healthcare plans that are unacceptable to his insurance industry donors.

“Neal will have near total control over what tax-related policies come to the House floor, including legislation that would create a Medicare for All healthcare system,” noted investigative reporter Eoin Higgins in a piece for Sludge on Wednesday. “Having Neal at the helm of the committee, rather than a more progressive member, makes it much less likely that the House of Representatives will vote on universal healthcare measures.” Continue reading →

Koch-Funded Hit Piece Backfires: Shows Medicare for All Would Save ‘Whopping $2 Trillion’ Over Ten Years While Covering Everybody

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“If every major country on Earth can guarantee healthcare to all, and achieve better health outcomes, while spending substantially less per capita than we do, it is absurd for anyone to suggest that the United States cannot do the same.”

By Jake Johnson, staff writer for Common Dreams. Published 7-30-2018

Photo: CREDO Action

If the billionaire Koch brothers really want to undermine the economic case for Medicare for All, they have a funny way of showing it.

Judging by the headlines alone, it would appear that the newly published study projecting that Sen. Bernie Sanders’ (I-Vt.) widely popular Medicare for All plan would cost $32.6 trillion over the next decade was conducted by an official, neutral body seeking the facts, not pushing an agenda.

Read a bit further, though, and you’ll discover that the analysis—released Monday morning—was produced by the George Mason University-based Mercatus Center, which has received millions of dollars in funding from the right-wing billionaires Charles and David Koch, who have previously expressed support for abolishing Medicare and Medicaid entirely. Continue reading →

Rebuking Industry-Friendly Trump Plan, Doctors Offer Blueprint to Confront ‘Greed of Big Pharma’

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“The outrageous cost of prescription drugs in this country is a crisis that the American people feel every day. There are real solutions we can implement that we know will lower drug prices and save lives.”

By Jake Johnson, staff writer for Common Dreams. Published 5-17-2018

Photo: Liz McGregor

After President Donald Trump conclusively demonstrated last week that he is unwilling to take on the pharmaceutical industry and has no “legitimate plan” to lower drug prices, a group of 21 American and Canadian doctors on Thursday unveiled an ambitious plan that—unlike Trump’s “pharma-friendly” approach—would confront the drug industry and ensure the healthcare systems of both nations place the public good over private profit.

“Through a series of commonsense reforms, we can increase the affordability, safety, and effectiveness of medicine for our patients,” Dr. Adam Gaffney, co-chair of the Pharmaceutical Reform Working Group and one of the authors of the new plan, said in a statement. “Our pharmaceutical system prioritizes industry profits over public health, but it doesn’t have to be this way.” Continue reading →

After Drug Plan Shows Trump ‘Will Do Nothing About Their Greed,’ Big Pharma Stocks Soar

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“When big pharmaceutical companies’ stocks spike during your big reveal on lowering prices, you’re doing something wrong.”

By Jake Johnson, staff writer for Common Dreams. Published 5-11-2018

“Don’t be fooled: President Trump and his administration are bought and paid for by Big Pharma,” Brad Woodhouse, campaign director of Protect Our Care, said in a statement. (Photo: Jeannie Baumann/Twitter)

In a strong indication that investors and major pharmaceutical companies know President Donald Trump’s newly unveiled drug plan “will do nothing to rein in their greed,” Big Pharma stocks soared on Friday as Trump delivered a brief and extremely vague speech promising to lower drug costs that critics called a “cover-up for the sweetheart deal” he’s offering America’s price-gouging drugmakers.

Pharma stocks boom after Trump’s drug speechhttps://t.co/RtnygJXp25 pic.twitter.com/sazirTK3ms

— Axios (@axios) May 11, 2018

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‘No One Should Be Fooled’: Warren Rips Trump’s HHS Pick Over Desire to Gut Medicaid

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“You want to smile and pretend otherwise until you get the job,” Warren said.

By Jake Johnson, staff writer for CommonDreams. Published 1-9-2018

Alex Azar. Screenshot: YouTube

While President Donald Trump’s Health and Human Services (HHS) nominee Alex Azar—a former pharma executive—spent most of his Senate confirmation hearing on Tuesday ducking and dodging pointed questions about his long history of “price gouging,” Sen. Elizabeth Warren (D-Mass.) decided to call Azar out on his support for gutting Medicaid and turning the program into a block grant.

After Azar suggested he supports block granting Medicaid as a “concept to look at” but refused to say whether he would move in that direction if confirmed, Warren said, “Mr. Azar, you can own up to the fact that you want to cut Medicaid and gut the Affordable Care Act, like every other member of the Trump administration.”

Continue reading →

FDA Raids in Florida Suggest Trump Admin. Policy Change That Benefits Big Pharma

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News of the raids follows the president’s nomination of a former drug company executive to serve as secretary of the Department of Health and Human Services

By Jessica Corbett, staff writer for CommonDreams. Published 11-20-2017

Raids by federal agents in Florida suggest a policy shift that will make it more difficult for Americans to access low-cost prescription medications. (Photo: Chris Potter/ccPix.com/Flickr/cc)

The U.S. Food and Drug Administration (FDA) raided nine stores in Central Florida that assist customers with placing orders for low-cost prescription drugs from Canada and other countries, Kaiser Health News reported Monday, suggesting a shift away from a long-standing policy that benefited consumers but was strongly condemned by the pharmaceutical industry.

“The storefronts primarily serve seniors who prefer in-person assistance with buying medicines from Canada and other countries, rather than using an internet site,” Kaiser reports. Bill Hepscher, co-owner of six of the stores raided last month, estimates his business serves about 10,000 people a year, and that Florida has about 20 stores similar to his. His stores are located around Tampa Bay and Orlando. Continue reading →

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Tag Archives: Big Pharma

‘I Felt Americans Needed to Know’: Insurance Industry Whistleblower Gives Glimpse of Effort to Crush Medicare for All

“The business model of for-profit health insurance depends on denying care to people who need it. These corporations can’t be reasoned with, only defeated.”

After Drug Plan Shows Trump ‘Will Do Nothing About Their Greed,’ Big Pharma Stocks Soar

“When big pharmaceutical companies’ stocks spike during your big reveal on lowering prices, you’re doing something wrong.”