Generic Drug Price Fixing On Trial

Pharma companies are exposed again: Generic drug makers conspire to fix prices and screw consumers.

“Fair share” described dividing up the sales pie to ensure that each company reaped continued profits. “Trashing the market” was used when a competitor ignored these unwritten rules and sold drugs for less than agreed-upon prices.

The terminology reflected more than just the clubbiness of a powerful industry, according to authorities and several lawsuits. Officials from multiple states say these practices were central to illegal price-fixing schemes of massive proportion.

Washington Post

Big Pharma Undertakes Propaganda Campaign

If you use Twitter, you may have noticed that big pharmaceutical companies have been tweeting a lot of positive self-promoting tweets.

In the background, they’re spending millions to buy politicians and kill efforts to obtain lower drug prices and promote “Medicare for all”.

Big Pharma funneled at least 2.5 million to the notorious, pro-Trump dark money group America First — at the same time Trump backed off his position on Medicare drug prices and promoted a tax plan that was a windfall for the pharmaceutical industry. https://t.co/0gQRElB2Fv— Public Citizen (@Public_Citizen) December 9, 2018


Capitalism: Abuse of Seniors

Capitalism is about making money — in any way possible, even if it means people suffer as a result:

To the state inspectors visiting the HCR Manor­Care nursing home here last year, the signs of neglect were conspicuous. A disabled man who had long, dirty fingernails told them he was tended to “once in a blue moon.” The bedside “call buttons” were so poorly staffed that some residents regularly soiled themselves while waiting for help to the bathroom. A woman dying of uterine cancer was left on a bedpan for so long that she bruised.
[And there’s more.]

Under the ownership of the Carlyle Group, one of the richest private-equity firms in the world, the ManorCare nursing-home chain struggled financially until it filed for bankruptcy in March.

The rise in health-code violations at the chain began after Carlyle and investors completed a 2011 financial deal that extracted $1.3 billion from the company for investors but also saddled the chain with what proved to be untenable financial obligations, according to interviews and financial documents…

The Washington Post

Healthcare Industry Fights Medicare for All

There are billions of dollars at stake for the profiteers running health care:

Internal strategy documents obtained by The Intercept and Documented reveal the strategy that private health care interests plan to use to influence Democratic Party messaging and stymie the momentum toward achieving universal health care coverage.

At least 48 incoming freshman lawmakers campaigned on enacting “Medicare for All” or similar efforts to expand access to Medicare. And over the last year, 123 incumbent House Democrats co-sponsored “Medicare for All” legislation — double the number who supported the same bill during the previous legislative session.

The Intercept