An article in Newsmax.com, dated July 24, 2015 titled “4 Ways Big Pharma Is Ripping you Off” caught my attention. Below are some quotes from the article:
“America spends more than any other country on healthcare, yet ranks last in health quality among developing nations. Why is this? Much of it can be blamed on our system of administering prescription drugs. “Prescription medications make up close to 10 percent of the 2.9 trillion annual total spent on healthcare in the U.S., and costs of drugs continues to rise. Your health may not be the first priority of big pharmaceutical companies, whose shareholders demand maximum profits. “'Physicians are by and large really goodhearted, well-meaning people, but without knowing it, they are simply being herded into recommending what is most profitable,' says Jacob Teitelbaum, M.D., a board certified internist and author of the best-selling book ‘Real Cause, Real Cure.’ “’Sadly, most medical education, including journals and medical conferences, is paid for by pharmaceutical and medical products industry,’ he tells Newsmax Health. ‘They’re basically slick advertising masquerading as science.’ The deception doesn’t end there.”Then the article lists ‘4 ways big pharmaceutical companies rip you off’ and explains each. 1. Payoffs to Doctors 2. Massive Marketing 3. Product Hopping 4. Pay for Delay