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The Greedy Drug Companies

Posted Sep 10 2012 7:51pm

I was talking with a young woman this morning who told me she was a drug company representative. I said, "I am a physician and have some real problems with drug companies." "Why is that", she asked?  I replied that the drug companies make outrageous profits and of all the corporations in the United States, their profit is the highest; higher even than the oil companies. They are making their millions on the backs of the poor, the elderly, the sick, and those with medical problems or disabilities.

The the young woman gave me the "party line" of the drug companies that they put so much into research and development that they have to make huge profits. That is absolutely not true as I told her because in Europe they do just as much research and development of drugs, but their drug prices are very much lower. Of course, the young woman didn't want to hear what I had to say.

I think one of the worse offences of the drug companies is that they pay companies who produce generic drugs to keep specific drugs from being put on the market. That way the big companies can incease their  profits. i think this should be stopped by the governement, but the drug companies have such politcal power that I don't see this happening.

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