Hardly a day goes by without big pharma hitting the news, almost always the news is negative. From drugs being banned for harming people to out and out fraud leading to court cases and massive fines, but the drugs juggernauts roll on. Reputation means nothing to these companies and huge fines are an overhead, no one gets imprisoned, the medicine shows stays on the road. Not much has changed from the days of the old wild west snake oil salesman, apart from the numbers and the numbers are colossal. $30 billion plus for statins alone. Politicians increasingly join the gravy train and governments turn a blind eye, they need the tax revenues, here’s the latest scam that costs the NHS, i.e. us, a fortune.
The Independent today
Drugs companies have been accused of “highway robbery” of the NHS by
using a legal loophole to push up the price of medicines in some cases
by up to 2,000 per cent – at a cost to the taxpayer of tens of millions a
At least 15 drugs have substantially increased in price
after being “flipped” from one firm to another, according to information
obtained by doctors. The legal “scam” has prompted
outrage from the British Medical Association – which has warned that
vital treatments risk being denied to patients if costs rise so much
that the NHS can no longer afford them. The controversial
practice involves big-pharma firms selling on medicines commonly used
by the NHS to businesses acting outside the Government’s
price-regulation scheme. The purchasing firms are then free to mark up
the prices they charge the NHS.
In one of the worst cases, the cost of an epilepsy drug prescribed to
thousands of patients by the health service was increased by 24 times
the original price. Meanwhile, testosterone patches given to both men
and women suffering from hormone imbalances jumped from £26 per 300g to a
£395 after being sold on. And the price of a medication used to treat
mental-health problems such as anxiety and schizophrenia rocketed from
around £4 per five millilitres to £23 – a mark-up of 607 per cent.
More on this story here.
I know big Pharma aint charity but this is SERIOUSLY underhand practice...then again-if people can't afford the meds they need and die then big pharma isn't gonna have many customers to peddle their wares to..could bite them on the arse long term.
Scandalous but big pharma is big business and people are big money. We pay for everything good bad and ugly.
Yeah, yeah, but at least they're not bribing anyone.
Oh, wait a minute...
Thanks for the link Dillinger...GSK again? Ho Ho Ho what a surprise eh!
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