As drug prices continue to rise, Big Pharma tries to justify the rising costs due to the great expense of development to bring new drugs to market. But as we have seen time and again, Big Pharma lies to increase profits. We all notice the plethora or Big Pharma ads on TV. It seems every other commercial is for a new drug to “ask your doctor if it is right for you.” Shouldn’t they know?
Statistics prove Big Pharma’s thirst for profits far exceeds their concerns about patient safety, care or cost. As a result of constant increases, health insurance rates have blown throw the roof over the last 30 years. When I began working full time in 1990 many employers including my own offered free health insurance. By 1995 most employers could not afford the increases and began splitting the cost with employees.
Obamacare furthered Big Pharma profits. If you have forgotten convicted felon and Democrat operative, Robert Creamer wrote 628 pages of Obamacare while he was in prison for defrauding banks in order to keep his Marxist/Communist community organization afloat. Like COVID-19, Obamacare is another scam.
In a December 2021 study from AHIP, researchers determined that Big Pharma profits are 10X more than the cost of development of new drugs brought to market. This makes the cost of drugs out of reach for many.
The response to COVID-19 also illustrates Big Pharma’s stranglehold on governments around the world to assist them in generating massive profits with zero liability, while maiming and killing millions of people with their deadly Bio weaponized COVID-19 gene therapy falsely peddled as a “vaccine”.
Not to mention Big Pharma regularly pays big fines for fraud and misrepresenting the safety and efficacy of their drugs. And Pfizer, who received a $2.3 billion fine, the largest criminal judgement in US History in 2009 was tasked with developing the deadly mRNA injections? How did that happen? Something is very rotten in Denmark. The fascist alliance of Big Pharma and the US government became even clearer during the COVID scamdemic.
Two top FDA officials responsible for vaccine research resigned in September 2021 after Fauci the fascist and the Biden Junta continued to push the deadly COVID booster shots. A September 14, 2021 article published by the Brownstone Institute delved further:
“How significant is it that the two top FDA officials responsible for vaccine research resigned last week and this week signed a letter in The Lancet that strongly warns against vaccine boosters? This is a remarkable sign that the project of government-managed virus mitigation is in the final stages before falling apart.
The booster has already been promoted by top lockdown advocates Neil Ferguson of Imperial College and Anthony Fauci of NIH, even in the face of rising public incredulity toward their “expert” advice. For these two FDA officials to go on record with grave doubts – and their perspective is certainly backed by the unimpressive booster experience in Israel – introduces a major break in the narrative that the experts in charge deserve our trust and deference.
What’s at stake here? It’s about more than the boosters. It’s about the whole experience of taking away the control of health management from individuals and medical professionals and handing it over to modelers and government officials with coercive power.”
If all of this doesn’t illuminate the government’s alliance with Big Pharma, the corruption of politicians and regulators and the greed of drug companies who knowingly kill and injure people they are supposed to heal for massive profits, the article below will:
NEW RESEARCH: BIG PHARMA COMPANIES EARN BIG REVENUES THROUGH PATENT GAMING
Pharmaceutical manufacturers earned $18.6 billion in total global revenues, on average, for a new drug – 10 times more than drug development costs
WASHINGTON, D.C. – (December 13, 2021) – Everyone should be able to get the medications they need at a cost they can afford. But drug prices are still out of control, often through shenanigans like patent gaming and abuses of exclusivity. To more fully understand the impact of these practices, a new study from AHIP examines drug manufacturers’ revenues for branded drugs approved by the U.S. Food and Drug Administration (FDA) from 2001-2010.
AHIP estimated each drug’s total revenues over the duration of its exclusivity, either through patent or regulatory exclusivity. The study found:
- Drug manufacturers earned, on average, $18.6 billion in total global revenues for a new drug – 10 times more than the average $1.8 billion cost of new drug development.
- Americans are paying a disproportionately high percentage of those revenues. While the U.S. accounts for just 4% of the world’s population, it accounts for more than half (56%) of total drug revenues for a typical branded drug.
- Biologics are increasingly a big moneymaker. While biologics accounted for only 27% of new drugs, they represented 43% of total U.S. drug revenue. On average, U.S. revenues for biologic drugs ($17 billion) were twice as high as revenues for traditional non-biologic drugs ($8 billion).
- Longer exclusivity protections led to higher U.S. revenues. The average duration of exclusivity protection in the study sample was 14 years. Drugs with less than 12 years of exclusivity protection had earned, on average, $5 billion in U.S. revenues – less than half of average U.S. revenues. Drugs with exclusivity protection of 17 years or longer earned $23 billion – more than double the average U.S. revenues.
“Drugmakers create life-saving treatments and breakthrough cures. But that does not give them the right to price gouge Americans year after year with multiple price hikes without justification,” observes Matt Eyles, AHIP President and CEO. “Our researchers found that many drugs with long periods of patent protection are the result of Big Pharma shenanigans and anti-competitive tactics like patent thicketing, patent evergreening, and pay-for-delay settlements.”
Americans are paying the price for Big Pharma’s patent shenanigans every day. For example, a patent thicket litigation settlement between AbbVie, manufacturer of the blockbuster drug Humira, and Boehringer Ingelheim, manufacturer of a less costly biosimilar drug Cyltezo, means that while the FDA has approved Cyltezo as interchangeable for Humira, Cyltezo will not be available for American patients until July 1, 2023.
Policy Solutions for Increased Competition and Affordability
AHIP supports recent legislation to prohibit anticompetitive tactics and increase competition in the pharmaceutical market. That legislation includes:
- R. 2873, The Affordable Prescriptions for Patients Through Promoting Competition Act.
- R. 2884, The Affordable Prescriptions for Patients Through Improvements to Patent Litigation Act.
- R. 2891, The Preserve Access to Affordable Generics and Biosimilars Act.
- 1428, The Preserve Access to Affordable Generics and Biosimilars Act.
- 1435, The Affordable Prescriptions for Patients Act.
AHIP also supports legislative actions that would shorten the biologic exclusivity period from 12 years to 7 years – which is the exclusivity period currently offered to orphan drugs.
AHIP is the national association whose members provide health care coverage, services, and solutions to hundreds of millions of Americans every day. We are committed to market-based solutions and public-private partnerships that make health care better and coverage more affordable and accessible for everyone. Visit www.ahip.org to learn how working together, we are Guiding Greater Health
The COVID-19 bioweapon and others that will be released in the future were cooked up by Bill Gates, Dr. Anthony Fauci and Peter Daszak and released as a pretext for the global elite to create a fascist scientific dictatorship, a neo-feudal cashless society. A one world totalitarian socialist state where all aspects of human life are strictly controlled by “stakeholder” elitists at the UN/World Economic Forum using a social credit score system like they have in China. This is our future if we allow these genocidal elitist psychopaths to steal our freedom and take our lives! WAKE UP! It is time to take a stand against evil!