The pharmaceutical industry has seen its profits explode in recent years, and part of the reason is that Americans are paying exorbitant prices for prescriptions — far more than those in other countries. And what does Big Pharma do with those profits?
Advertise.
Market.
Push even more prescriptions on America’s airwaves.
JD Hayworth, former congressman and now, spokesman for Pharmaceutical Reform Alliance, says the number one reform the industry needs is a mandated adjustment to its pricing schedule.
“We need to inoculate Americans against the big pricing of Big Pharma,” he said.
We’re not talking chump change.
“Americans pay on average three times as much as what others around the world pay,” Hayworth said. “It’s putting Americans last. … This is an American issue. It’s not Republican or Democrat.”
True.
Health care should be nonpartisan.
But the same Democrats wbo wanted Obamacare are now resisting necessary reforms to health care; specifically, cutting out waste and fraud and bloat. Why is that? Good question. In the meanwhile, Americans are unnecessarily suffering financially.
“Big Pharma sets its own pricing and often outstrips the pace of inflation,” Hayworth said.
For more with JD Hayworth and what can be done to curb prescription prices, tune in.
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