Wednesday, July 21, 2004by Mike Adams, the Health Ranger Editor of NaturalNews.com (See all articles...) Tags: pharmaceutical companies, bad medicine, Medicaid |
That pharmaceutical companies would overcharge the government for prescription drugs should come as no surprise to anyone familiar with the dealings of the industry. Companies routinely mark up prescription drugs as much as 500,000% over the cost of the raw ingredients, and they engage in monopolistic, mob-like behaviors to block competing, lower cost drugs from Canada and other countries.
In the mean time, the pharmaceutical industry has long since demonstrated its own alarming lack of ethics by, for example, hiding the results of negative drug trials, distorting other trials to show false benefits of drugs, and outright bribing physicians with so-called "consulting fees" if they'll write more prescriptions for their drugs.
I've frequently called for criminal investigations of pharmaceutical companies and even the FDA. This action by the Florida Attorney General is a step in the right direction, but it barely scratches the surface of the extremely profitable criminal operation known as Big Pharma.
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About the author:Mike Adams (aka the "Health Ranger") is a best selling author (#1 best selling science book on Amazon.com) and a globally recognized scientific researcher in clean foods. He serves as the founding editor of NaturalNews.com and the lab science director of an internationally accredited (ISO 17025) analytical laboratory known as CWC Labs. There, he was awarded a Certificate of Excellence for achieving extremely high accuracy in the analysis of toxic elements in unknown water samples using ICP-MS instrumentation. Adams is also highly proficient in running liquid chromatography, ion chromatography and mass spectrometry time-of-flight analytical instrumentation.
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