Wednesday, May 6, 2015

What I’m Reading: The New York Times

This story fits in a long-running rant about the profits being generated by the drug companies and the relative hands off approach taken by politicians compared to the attention and the cost-cutting forced on hospitals and physicians.
Spending on pharmaceuticals is more than $400 billion a year in the U.S. In 2012, the top 11 drug companies earned about $85 billion in net profits. In order to protect those profits, “Big Pharma” spent nearly $2.7 billion on lobbying over the last 15 years.

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