Big Pharma greed on parade and out of control
The total greed of Big Pharma is on parade this week as a company called Turing Pharmaceuticals took ownership of a lifesaving medication that treats parasitic infections like malaria. The pill — mostly purchased by AIDS and cancer patients — used to cost $1 each. But now, thanks to Turing Pharmaceuticals and its profiteering CEO Martin Shkreli, each pill will cost you $750.
Why is Turing Pharmaceuticals charging $750 a pill? Because they CAN. Like every other drug company in the world, they’re going to gouge the consumer and extract the maximum dollars possible. Big Pharma is really about the profits, you see, and not at all interested in “helping humanity” as their ridiculous TV ads claim.
This Daraprim pill, by the way, probably costs about 20 cents to manufacture, and it’s probably manufactured in India or Puerto Rico, where most drugs are made and then exported to the USA. How does Turing Pharmaceuticals justify $750 a pill? According to the pharma douchebag Martin Shkreli, it’s “a bargain for health insurers” at $750.
A bargain compared to what? A bargain compared to all the other monopoly-priced drugs, he says. And that’s how insane the monopoly has become, by the way: When a pill that sells for $750 is called “a bargain,” you know you’re living under a monopolistic profiteering medical cartel. And it is, truly, a protected cartel. Who’s protecting it? The corrupt government, of course… starting with the FDA.