Home
Subscribe (free)
About NaturalNews
Contact Us
Write for NaturalNews
Media Info
Advertising Info
Drug companies

Drug companies allegedly defraud state Medicaid programs with 54,000% markups

Monday, February 07, 2005
by Mike Adams, the Health Ranger
Editor of NaturalNews.com (See all articles...)
Tags: Drug companies, Big Pharma, pharmaceutical companies


Most Viewed Articles
https://www.naturalnews.com/004316.html
Delicious
diaspora
Print
Email
Share

Where do you find a two-dollar bottle of sodium chloride selling for $928.51? In Big Pharma, of course, where 79 drug companies are now being accused of defrauding state Medicaid programs by artificially inflating the prices of drugs. According to the Department of Justice, the actual wholesale price of many drugs and medical supplies is a mere fraction of what is claimed by the drug companies. The difference -- the "price spread" -- is pure profit for drug companies who are profiting handsomely at the expense of taxpayers.

The scam is being described by the Alabama Attorney General as a "systematic" effort by pharmaceutical companies to defraud states of billions of dollars. It's yet another example of the widespread lack of ethics in the pharmaceutical industry, where seemingly any strategy that makes money is supported: scientific fraud, Medicaid fraud, censorship, bribery, intimidation... and that's just what we've seen in the national headlines in the last month!

You see, the drug racket isn't just about dangerous drugs like Vioxx being peddled to tens of millions of Americans, it's also about financial fraud designed to extract even more money from taxpayers. Like parasites that don't know when to stop, drug companies seemed determined to drain the economic life away from the country in any way possible.

What we're seeing today is unrestrained capitalism at its worst. The so-called "free market" system of organized medicine is really only free and open to those organizations that control the media propaganda, FDA decision makers, medical journal content and med school agendas. And, of course, those are the organizations with the big bucks. What we're increasingly learning is that they got the big bucks by defrauding customers and hyping drugs with fatal side effects that they knew were dangerous long before now. In other words, it's blood money. And you can go right down the line and name all the drugs that are killing people (or seriously harming them) right now: COX-2 inhibitors, antidepressants, statin drugs, NSAIDs, and many more.

Consider where we are today with organized medicine:

  • 50% of all personal bankruptcies in America are due to medical bills.
  • Vioxx alone is now reportedly responsible for killing more Americans (via heart attacks) than all American fatalities in the Vietnam War. (Source: The Lancet)
  • 2/3rds of the FDA's own drug safety scientists don't believe the agency can protect the American public from dangerous drugs. (Source: FOIA of HHS / FDA internal survey.)
  • Scientific censorship, intimidation, distortion of clinical trials, and the bribing of doctors is now the norm. (Source: Dr. David Graham, senior drug safety scientist, the FDA.)
  • 40% of all Americans are now on prescription drugs of some kind and yet the national health continues to decline.

There's no doubt that the drug companies are after one thing only: profit. And they seem to be willing to trade anything for it: ethics, safety, honesty, humanity, compassion... you name it. As long as there's money to be made, they're the first in line, regardless of the tactics. This behavior even makes Enron look good. After all, Enron was a fiasco, but at least in the end it was only money, not lives at stake. But with Big Pharma, it's both.

Let's take a closer look at some of the actual figures that reveal just how egregious the drug companies have been in their overcharging of prescription drugs: (this is from the Office of Alabama Attorney General)

Where will all this go? Stay tuned to this site. We'll cover the lawsuit as it progresses and find out whether the drug companies will ever have to face the music on this one. Hopefully, this will have some real bite and not end up being settled behind closed doors with little more than a slap on the wrist.

It is the ongoing tolerance of this sort of behavior by drug companies that has allowed it to continue so far. And it will only be public outrage and legal action that will force changes to occur.

In the mean time, I have some salt... er, I mean sodium chloride on sale for just 1/10th the price being charged by one of the drug companies being sued here. Yep: just $90 per bottle. What a steal! Send me $900 and I'll send you ten bottles of salt!

And if you think that's stupid, just imagine: your state has been sending drug companies $900 checks for one bottle of what is essentially salt water. Those are your state tax dollars at work. Aren't you impressed by the financial efficiencies of state government? No wonder the states are suing over it.


Receive Our Free Email Newsletter

Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more.




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.

Adams is a person of color whose ancestors include Africans and Native American Indians. He's also of Native American heritage, which he credits as inspiring his "Health Ranger" passion for protecting life and nature against the destruction caused by chemicals, heavy metals and other forms of pollution.

Adams is the founder and publisher of the open source science journal Natural Science Journal, the author of numerous peer-reviewed science papers published by the journal, and the author of the world's first book that published ICP-MS heavy metals analysis results for foods, dietary supplements, pet food, spices and fast food. The book is entitled Food Forensics and is published by BenBella Books.

In his laboratory research, Adams has made numerous food safety breakthroughs such as revealing rice protein products imported from Asia to be contaminated with toxic heavy metals like lead, cadmium and tungsten. Adams was the first food science researcher to document high levels of tungsten in superfoods. He also discovered over 11 ppm lead in imported mangosteen powder, and led an industry-wide voluntary agreement to limit heavy metals in rice protein products.

In addition to his lab work, Adams is also the (non-paid) executive director of the non-profit Consumer Wellness Center (CWC), an organization that redirects 100% of its donations receipts to grant programs that teach children and women how to grow their own food or vastly improve their nutrition. Through the non-profit CWC, Adams also launched Nutrition Rescue, a program that donates essential vitamins to people in need. Click here to see some of the CWC success stories.

With a background in science and software technology, Adams is the original founder of the email newsletter technology company known as Arial Software. Using his technical experience combined with his love for natural health, Adams developed and deployed the content management system currently driving NaturalNews.com. He also engineered the high-level statistical algorithms that power SCIENCE.naturalnews.com, a massive research resource featuring over 10 million scientific studies.

Adams is well known for his incredibly popular consumer activism video blowing the lid on fake blueberries used throughout the food supply. He has also exposed "strange fibers" found in Chicken McNuggets, fake academic credentials of so-called health "gurus," dangerous "detox" products imported as battery acid and sold for oral consumption, fake acai berry scams, the California raw milk raids, the vaccine research fraud revealed by industry whistleblowers and many other topics.

Adams has also helped defend the rights of home gardeners and protect the medical freedom rights of parents. Adams is widely recognized to have made a remarkable global impact on issues like GMOs, vaccines, nutrition therapies, human consciousness.

In addition to his activism, Adams is an accomplished musician who has released over a dozen popular songs covering a variety of activism topics.

Click here to read a more detailed bio on Mike Adams, the Health Ranger, at HealthRanger.com.

comments powered by Disqus


Natural News Wire (Sponsored Content)

Science.News
Science News & Studies
Medicine.News
Medicine News and Information
Food.News
Food News & Studies
Health.News
Health News & Studies
Herbs.News
Herbs News & Information
Pollution.News
Pollution News & Studies
Cancer.News
Cancer News & Studies
Climate.News
Climate News & Studies
Survival.News
Survival News & Information
Gear.News
Gear News & Information
Glitch.News
News covering technology, stocks, hackers, and more