04/10/13

Permalink Big Pharma made $711 bln overcharging seniors and disabled

Here's an outrage that must be changed: Big Pharma has been systematically price-gouging the Medicare program for seniors and people with disabilities. - There is nothing wrong with a company making profits -- that's what they're supposed to do. But the drug industry's profits are excessive as a result of overcharging American consumers and taxpayers. We pay significantly more than any other country for the exact same drugs. Per capita drug spending in the U.S. is about 40 percent higher than in Canada, 75 percent greater than in Japan and nearly triple the amount spent in Denmark.

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