Big Pharma will have to answer to the American people
Fox News' Alicia Acuna on how inflation has affected the health care industry leaving Americans on Medicare and Medicaid struggling to afford health services.
It is no great secret that millions of Americans feel that Congress is more interested in protecting large corporations than looking out for ordinary people.
That is never clearer than when we talk about our broken health care system, and the outrageous price of prescription drugs in this country.
The truth is, if you ask most Americans – Democrats, Republicans, independents, progressives, conservatives – they will agree: we are getting ripped off, big time, by the pharmaceutical industry.
Almost every prescription drug costs far more in the United States than it does in other countries. (Photo illustration/Reuters/Srdjan Zivulovic)
As a nation, we spend almost twice as much per capita as any other country on health care – over $13,000 for every man, woman and child. Even for those with insurance, costs are so high that medical bills are often the number one cause of bankruptcy in the United States.
BIDEN ADMINISTRATION SAYS MEDICARE OWED REBATES FOR DRUG PRICES THAT OUTPACED INFLATION
And one of the major reasons for the high cost of health care in America is that we pay, by far, the highest prices in the world for prescription drugs.
You tell me: why does Merck charge diabetes patients in the United States $6,900 for Januvia when the exact same product can be purchased in Canada for $900 and just $200 in France?
Why does Johnson & Johnson charge Americans with arthritis $79,000 for Stelara when it can be purchased for just $16,000 in the United Kingdom? And why does Bristol Myers Squibb charge patients in our country $7,100 for Eliquis when........
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