drug

Paying actual drug costs could plunge you and millions of others into poverty

Friday, September 03, 2010 by: Jonathan Benson, staff writer
Tags: drug costs, poverty, health news

eTrust Pro Certified

Most Viewed Articles
Popular on Facebook
BACK INTO THE CLOSET: Why U.S. reporters are not allowed to write about rainbow events in nations where being gay is still condemned
Depopulation test run? 75% of children who received vaccines in Mexican town now dead or hospitalized
A family destroyed: Six-month-old dies after clinic injects baby with 13 vaccines at once without mother's informed consent
Biologist explains how marijuana causes tumor cells to commit suicide
INVESTIGATION: Three days before Dr. Bradstreet was found dead in a river, U.S. govt. agents raided his research facility to seize a breakthrough cancer treatment called GcMAF
BOMBSHELL: China and America already at war: Tianjin explosion carried out by Pentagon space weapon in retaliation for Yuan currency devaluation... Military helicopters now patrolling Beijing
Companies begin planting microchips under employees' skin
BAM! Chipotle goes 100% non-GMO; flatly rejecting the biotech industry and its toxic food ingredients
ECONOMIC SLAVERY FOR ALL: While we were distracted with the Confederate flag flap, Congress quietly forfeited our entire economic future via fast-track trade authority
NJ cops bust teenagers shoveling snow without a permit
McDonald's in global profit free fall as people everywhere increasingly reject chemically-altered toxic fast food
March Against Monsanto explodes globally... World citizens stage massive protests across 38 countries, 428 cities... mainstream media pretends it never happened
Italian court rules mercury and aluminum in vaccines cause autism: US media continues total blackout of medical truth
SCOTUS same-sex marriage decision may have just legalized the concealed carry of loaded firearms across all 50 states, nullifying gun laws everywhere
Orthorexia Nervosa - New mental disorder aimed at people who insist on eating a clean diet
Vicious attack on Dr. Oz actually waged by biotech mafia; plot to destroy Oz launched after episode on glyphosate toxicity went viral
Nearly every mass shooting in the last 20 years shares one surprising thing? and it's not guns
Holistic cancer treatment pioneer Dr. Nicholas Gonzalez dies suddenly; patients mourn the loss of a compassionate, innovative doctor who helped thousands heal from cancer
Delicious
(NaturalNews) Drug companies are known for marking up their branded drugs by ridiculous margins. Certain drugs are sold for hundreds, even thousands, of times more than they actually cost to produce. Researchers from Erasmus University Rotterdam recently conducted a study showing that millions of people would be reduced to poverty status if they had to pay full price for some of today's most common drugs.

Published in the journal Public Library of Science Medicine (PLoS), the study evaluated the status of low- and middle-income people from 16 different countries to see how purchasing four popular branded drugs would affect their incomes and living statuses. These drugs included salbutamol, an inhaler used for asthma, glibenclamide, a diabetes drug, atenolol, a high blood pressure beta-blocker, and amoxicillin, an common antibiotic.

Purchasing Daonil, a branded version of glibenclamide made by Sanofi-Aventis, would increase the poverty rate in Yemen by 22 percent, for instance. And in Nigeria, Amoxil, an amoxicillin drug produced by GlaxoSmithKline, would impoverish an additional 23 percent of the population.

Drug companies typically own the patents on their drugs for about 20 years. Until the patent expires, no other company is allowed to legally produce generic varieties of the same drug. So the original drug company that produces a drug can charge whatever it wishes for that drug because it holds a monopoly on it.

Many have criticized the drug patent system because they say it bars lower income populations from obtaining essential medicines. Others say the U.S. Food and Drug Administration (FDA) is to blame because it only approves patented drugs as official treatments for health conditions, essentially raising the overall cost of medicine while reducing the quality of it.

Some suggest a complete overhaul in medicine, starting with the establishment of a new foundational nutrition paradigm. By understanding the essential role of good nutrition and natural living, people at all income levels can learn to prevent disease without the need for expensive, harmful drugs.

Sources for this story include:

http://www.reuters.com/article/idUSTRE67U5G1...

Follow real-time breaking news headlines on
Drug costs at FETCH.news
Join over four million monthly readers. Your privacy is protected. Unsubscribe at any time.
comments powered by Disqus
Take Action: Support NaturalNews.com by linking back to this article from your website

Permalink to this article:

Embed article link: (copy HTML code below):

Reprinting this article:
Non-commercial use OK, cite NaturalNews.com with clickable link.

Follow Natural News on Facebook, Twitter, Google Plus, and Pinterest

Colloidal Silver

Advertise with NaturalNews...

Support NaturalNews Sponsors:

Advertise with NaturalNews...

GET SHOW DETAILS
+ a FREE GIFT

Sign up for the FREE Natural News Email Newsletter

Receive breaking news on GMOs, vaccines, fluoride, radiation protection, natural cures, food safety alerts and interviews with the world's top experts on natural health and more.

Join over 7 million monthly readers of NaturalNews.com, the internet's No. 1 natural health news site. (Source: Alexa.com)

Your email address *

Please enter the code you see above*

No Thanks

Already have it and love it!

Natural News supports and helps fund these organizations:

* Required. Once you click submit, we will send you an email asking you to confirm your free registration. Your privacy is assured and your information is kept confidential. You may unsubscribe at anytime.