PILLAGE
HOW PILL MAKERS PILLAGE THE PUBLIC
Look at the facts:
- Drug prices cause more medical overspending in the US than anything else.
- Drug makers say they need to spend more on research than other companies do.
- Most drug makers have profitabilities of over 20% (at end of 2017).
- Most drug makers spend more on marketing than research.
- Former drug maker executives say that drug prices don't depend in research costs.
Look at the reasons:
- Monopolies derived from patents and copyrights are the major reason drug prices are high.
- FDA marketing exclusivity rules add to this trouble.
- Drug companies often prefer profits over better health.
Government is the reason drug prices are high. Democrats love intellectual property.
The high drug prices cause the following problems:
- High drug costs mean many patients aren't getting the medicine they need.
- High drug costs mean high insurance premiums.
- High drug costs mean drug theft and black markets.
How to cure the problem:
- Require compulsory licensing for all medical patents and copyrights.
- Limit royalties to a small percentage of the sale price.
- Remove all politicians who favor monopoly powers for drug makers.
- Prohibit cartels in all medical fields.
Stop the needless pillage of pill buyers.