Friday, May 20, 2016

The Greed of Big Pharma...


...Is bad enough, but to use charity programs to provide cover for the outrageous price hikes that have been happening, and for which the American tax payer foots the bill, is an example of gall of the highest order. And yet, if you believe in Capitalism, you cannot fault the new drug lords for pushing the price to what the market will bear. And obviously in medicine, where so much suffering, as well a continuing to live, is at stake, the market is primed to bear quite a bit.

And as far as the propaganda goes, pretending to be one thing when you are anything but, just how outraged can we be? After all, we have a presidential candidate who continues to do quite well with the very same kind of propaganda. Isn't it odd how we're quite willing to buy into one form of being fooled, but not another? Or that we're willing to stay with the very game that makes not only propaganda so cost effective, but greed itself so easy, and so widely accepted among the real players?

Maybe one day people will wake up and start questioning the legitimacy of the game itself, as much as those who simply take advantage of its fundamental characteristics. I certainly remain hopeful.

Featured in Bloomberg Businessweek, May 23-29, 2016. Subscribe now.

How Big Pharma Uses Charity Programs to Cover for Drug Price Hikes

A billion-dollar system in which charitable giving is profitable.