Dark Magic: Drug Companies And The Art Of Deception

  • 📰 ForbesTech
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

Pharma companies have mastered the art of deception to maintain massive profits—and to keep Americans distracted from these important truths about drug pricing.

This illusion puts nearly the full weight of global R&D investments on the shoulders of the United States. The hidden assumption, which few question, is that drug prices in other wealthy nations are non-negotiable.

Since out-of-pocket costs are a small fraction of the total drug expense, drug companies would like Americans to focus on those dollars, rather than on the bigger expense. This requires that Americans believe the illusion that the money government and businesses pay for Rx coverage is free.The reality is that workers and taxpayers end up paying the price for these expensive medications.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 318. in BUSİNESS

Business Business Latest News, Business Business Headlines