As long as Big Pharma is allowed to operate this stunningly predatory business model, helpless Americans will continue getting ripped off by Big Pharma.
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Insidious Greed: How Big Pharma Rips You Off on Drugs
1. IN$IDEOUS GREED
How Big Pharma Rips You Off on Drugs
spent on marketing to doctors$20 BILLION
$226 MILLION
spent on generic pay-for-delay $3.5 BILLION
spent on dtc advertising
$3.8 BILLION drug sales profits
$3OO BILLION
spent on lobbying in 2013
spent on industry events & conventions
$3.4 BILLION
*Follow Big Pharma’s “Per Year” Billion Dollar Spending Spree.
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3. IN$IDEOUS GREED
$226 MILLION
In 2013 Big Pharma spent $226 million, considerably more than
military contractors spent on lobbying. In addition, drug firms use
their political influence to gain an advantage.
The industry gave an unprecedented $50 million on political
candidates in 2012, earning Big Pharma the title of the largest
contributor to political campaigns . . . ever.
*Follow Big Pharma’s “Per Year” Billion Dollar Spending Spree.
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4. IN$IDEOUS GREED
$3.5 BILLION
Another scheme called “Pay-for-Delay” costs an estimated 3.5
Billion a year involves Big Pharma paying the makers of generic
versions to hold off on their development, raking in obscene
amounts of money for both parties.
Yet again, patients are stuck with obscene prices. In Europe, this is
illegal. In the U.S., however, Big Pharma has successfully lobbied
against legislation that would ban the practice.
*Follow Big Pharma’s “Per Year” Billion Dollar Spending Spree.
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5. IN$IDEOUS GREED
$3.8 BILLION
According to John Mack at Pharma Marketing News in 2013
Big Pharma spent $3.8 Billion in “Direct-to-Consumer”
advertising and “The rich pharma companies got richer and
spent more“.
Read more: http://www.edrugsearch.com/edsblog/how-big-pharma-
rips-you-off-on-drugs/
*Follow Big Pharma’s “Per Year” Billion Dollar Spending Spree.
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6. IN$IDEOUS GREED
$20 BILLION
Pharma spends almost $20 billion annually marketing their
products to doctors, which yields profits upwards of $300 billion
per year in drug sales.
Read more: http://www.edrugsearch.com/edsblog/how-big-pharma-
rips-you-off-on-drugs/
*Follow Big Pharma’s “Per Year” Billion Dollar Spending Spree.
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7. IN$IDEOUS GREED
$300 BILLION
According to the World Health Organization, the global pharmaceuticals
market is worth $300 billion a year, a figure expected to rise to US$400
billion within three years.
As a result of this pressure to maintain sales, there is now, in WHO's
words, “an inherent conflict of interest between the legitimate business
goals of manufacturers and the social, medical and economic needs of
providers and the public to select and use drugs in the most rational way”.
*Follow Big Pharma’s “Per Year” Billion Dollar Spending Spree.
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