• Mission
  • Contact Us
  • Privacy Policy
  • Subscribe
  • Terms of Service
Conscious Life News
5-day Holosync Challenge
  • Home
  • Conscious Living
    • Activism
    • Animals and Pets
    • Conscious Evolution
    • Conscious Parenting
    • Happiness & Humor
    • Inspirational
    • Manifestation / LOA
    • Meditation
    • Peace & Human Rights
    • Relationships & Sex
    • Thrive
  • Economy
    • Business
    • Education
    • Loans and Frugal Living
    • Investing and Insurance
  • Environ.
    • Climate Change
    • Eco-Friendly
    • Farming & Gardening
    • Environmental Hazards
    • Nature & Wildlife
    • Preparedness
  • Govt.
    • Agencies & Systems
    • The Fed & Banking Cartel
    • Censorship
    • Govt. Corruption
    • Internet Control
    • Military Industrial Complex
    • Policies
    • Politics
    • Govt. Surveillance
    • Whistleblower
  • Health
    • Alternative Health Care
    • Big Pharma, CDC & FDA
    • COVID-19 Vaccine
    • Diet, Weight Loss, Obesity
    • Exercise and Fitness
    • Food, Drink & Nutrition
    • Healing & Natural Remedies
    • Herbs, Seeds & Spices
    • Human Energy Systems
    • Longevity & Life Extension
    • Mind-Body Connection
    • Pet and Animal Health
    • Prevention
    • Skin & Hair Care
  • Horoscopes
  • Media
    • Alternative Media
    • Books
    • Art and Music
    • Corporate Controlled Media
    • Films & TV
    • Internet
    • Social Media
  • Reality’s Edge
    • Afterlife & Past Lives
    • Ascension
    • Astrology & Numerology
    • Channeling & Readings
    • Dreams, ESP & Remote Viewing
    • Dying, NDE, & OBE
    • ETs, UFOs & Crop Circles
    • Mandela Effect
    • Mysteries
    • Predictions & Prophecies
    • Quantum Physics
    • Reality Shifts & Timelines
    • Spirituality and Religion
    • Angels & Spirits
  • Sci-Tech
    • Archaeology
    • Earth & Space
    • Futurism & Inspiring Inventions
    • Medical Advances & Procedures
    • Nature
    • Psychology-Psychiatry
    • Science
    • Technology
No Result
View All Result
  • Home
  • Conscious Living
    • Activism
    • Animals and Pets
    • Conscious Evolution
    • Conscious Parenting
    • Happiness & Humor
    • Inspirational
    • Manifestation / LOA
    • Meditation
    • Peace & Human Rights
    • Relationships & Sex
    • Thrive
  • Economy
    • Business
    • Education
    • Loans and Frugal Living
    • Investing and Insurance
  • Environ.
    • Climate Change
    • Eco-Friendly
    • Farming & Gardening
    • Environmental Hazards
    • Nature & Wildlife
    • Preparedness
  • Govt.
    • Agencies & Systems
    • The Fed & Banking Cartel
    • Censorship
    • Govt. Corruption
    • Internet Control
    • Military Industrial Complex
    • Policies
    • Politics
    • Govt. Surveillance
    • Whistleblower
  • Health
    • Alternative Health Care
    • Big Pharma, CDC & FDA
    • COVID-19 Vaccine
    • Diet, Weight Loss, Obesity
    • Exercise and Fitness
    • Food, Drink & Nutrition
    • Healing & Natural Remedies
    • Herbs, Seeds & Spices
    • Human Energy Systems
    • Longevity & Life Extension
    • Mind-Body Connection
    • Pet and Animal Health
    • Prevention
    • Skin & Hair Care
  • Horoscopes
  • Media
    • Alternative Media
    • Books
    • Art and Music
    • Corporate Controlled Media
    • Films & TV
    • Internet
    • Social Media
  • Reality’s Edge
    • Afterlife & Past Lives
    • Ascension
    • Astrology & Numerology
    • Channeling & Readings
    • Dreams, ESP & Remote Viewing
    • Dying, NDE, & OBE
    • ETs, UFOs & Crop Circles
    • Mandela Effect
    • Mysteries
    • Predictions & Prophecies
    • Quantum Physics
    • Reality Shifts & Timelines
    • Spirituality and Religion
    • Angels & Spirits
  • Sci-Tech
    • Archaeology
    • Earth & Space
    • Futurism & Inspiring Inventions
    • Medical Advances & Procedures
    • Nature
    • Psychology-Psychiatry
    • Science
    • Technology
No Result
View All Result
Conscious Life News
No Result
View All Result
Home Health Big Pharma, CDC, FDA & NIH

Why Are Drug Prices Rising So Much? Pharma Exec Admits ‘No Other Rationale’ But Profit-Making

by clnAdrian
November 29, 2019
in Big Pharma, CDC, FDA & NIH, Health
Reading Time: 3 mins read
0 0
A A
0
Why Are Drug Prices Rising So Much? Pharma Exec Admits ‘No Other Rationale’ But Profit-Making
1
SHARES
400
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp
Print Friendly, PDF & Email

By Andrea Germanos | Common Dreams

Corporations' quest for profits is what “is driving up drug prices and nothing more.”

That's according to Dennis Bourdette, M.D., chair of neurology in the Oregon Health and Science University (OHSU) School of Medicine, who co-authored a study published Monday that sought to find out companies' rationale for the escalating prices on medications for patients with multiple sclerosis.

Prices for those drugs, an accompanying press release notes, have jumped up by 10% to 15% every year for the past decade.

The study by a team of researchers at OHSU and the OHSU/Oregon State University College of Pharmacy, which appears in the journal Neurology this month, was based on interviews with four current and former pharmaceutical industry executives who had direct involvement in the pricing or marketing of MS drugs.

The executives, who were not named, laid bare the motivating factor for the surges.

“I would say the rationales for the price increases are purely what can maximize profit,” said one executive. “There's no other rationale for it because costs [of producing the drug] have not gone up by 10% or 15%; you know, the costs have probably gone down.”

Such statements, said the researchers, counter the industry's narrative that the high drug prices are an effort to recoup their research and development costs.

“The industry executive said the quiet part out loud,” said Zain Rizvi, law and policy researcher with Public Citizen's Access to Medicines project, in a statement to Common Dreams. “Price-gouging is central to the industry business model.”

One executive interviewed for the study pointed out that the U.S. is a global outlier when it comes to the price hikes. They said that “it is only in the United States, really, that you can take price increases. You can't do it for the rest of the world. In the rest of the world, prices decline with duration in the marketplace.”

Maintaining or lowering the prices would give a negative impression about the medication, said one executive. “We can't come in at less,” they said. “That would mean we're less effective, we think less of our product, so we have to go more.”

The responses said Bourdette, who also directs the OHSU Multiple Sclerosis Center, speaks volumes.

“The frank information provided by these executives pulls back the curtain of secrecy on how drug price decisions are made,” he said.

While the new study focused on MS medications, the issue of skyrocketing prices is more widespread. As economist Dean Baker of the Center for Economic and Policy Research noted last year: “The government gives drug companies patent monopolies that make it illegal for competitors to sell the same drug. These patent monopolies allow companies to charge prices that are a hundred or even a thousand times the free market price.”

And other recent research backs up the case that drugmakers are relying on price hikes to drive their growth.

Thus, the need for fundamental change is clear, said Rizvi.

“This is not the case of just one bad actor. This is the case of an entirely bad system,” he added. “The study underscores that we need a sea change in our drug pricing system to put public health over private wealth.”

Our work is licensed under a Creative Commons Attribution-Share Alike 3.0 License. Feel free to republish and share it widely.

Read more great articles at Common Dreams.

Tags: "featuredBig PharmaBig Pharma and drug pricesBig Pharma Price-gougingdrug companies and Big Pharmadrug pricesfeaturedprescription drug pricesprescription drugs
ShareTweetSend
Previous Post

Cameroon Activist Uses Plastic Bottles to Create Boats For His Community

Next Post

Planets Far Beyond Our Galaxy Discovered For The First Time By Astrophysicists

Related Posts

5 Ways To Improve Your Breathing with James Nestor
Health

5 Ways To Improve Your Breathing with James Nestor

March 13, 2025
‘Definite Causal Link’ Between COVID Vaccine Rollouts and Peaks in All-Cause Mortality, New Study Finds
COVID-19 Vaccine

Widespread and Unified Calls for the Market Withdrawal of COVID-19 Vaccines as Risks Far Outweigh Theoretical Benefits

February 13, 2025
Staying Sober Through Life’s Changes: 6 Essential Strategies
Health

Staying Sober Through Life’s Changes: 6 Essential Strategies

February 13, 2025
People-Pleasing 101: The (REAL) Cause and Cure
Conscious Evolution

People-Pleasing 101: The (REAL) Cause and Cure

May 13, 2024
Is the Public Finally Ready for the Truth About COVID Vaccines?
COVID-19 Vaccine

Is the Public Finally Ready for the Truth About COVID Vaccines?

April 30, 2024
The Literal Best Exercises to Live Longer (review of 9 major studies) | Thomas DeLauer
Exercise and Fitness

The Literal Best Exercises to Live Longer (review of 9 major studies) | Thomas DeLauer

April 30, 2024
Next Post
Planets Far Beyond Our Galaxy Discovered For The First Time By Astrophysicists

Planets Far Beyond Our Galaxy Discovered For The First Time By Astrophysicists

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Conscious Life News

The mission of Conscious Life News is to be a global leader in the consciousness-raising of the planet.

Follow Us

Browse by Category

  • Activism
  • Afterlife & Past Lives
  • Agencies & Systems
  • Alternative Health Care
  • Alternative Media
  • Angels & Spirits
  • Animals and Pets
  • Archaeology
  • Art and Music
  • Artificial Intelligence
  • Ascension
  • Astrology & Numerology
  • Astrology Overview
  • Big Pharma, CDC, FDA & NIH
  • Books
  • Business
  • Careers
  • Censorship
  • Channeling & Readings
  • Climate Change
  • Conscious Evolution
  • Conscious Living
  • Conscious Parenting
  • Corporate Controlled Media
  • COVID-19 Vaccine
  • Daily
  • Diet, Weight Loss, Obesity
  • Dreams, ESP & Remote Viewing
  • Dying, NDE, & OBE
  • Earth & Space
  • Eco-Friendly
  • Economy
  • Education
  • Environment
  • Environmental Hazards
  • ETs, UFOs & Crop Circles
  • Exercise and Fitness
  • Farming & Gardening
  • Featured
  • Federal Law
  • Films & TV
  • Food, Drink & Nutrition
  • Futurism & Inspiring Inventions
  • Government
  • Govt Censorship
  • Govt. Corruption
  • Govt. Surveillance
  • Happiness & Humor
  • Healing & Natural Remedies
  • Health
  • Herbs, Seeds & Spices
  • Home Maintenance, Repairs & Improvement
  • Horoscopes
  • Human Energy Systems
  • Inspirational
  • Internet
  • Internet Control
  • Investing and Insurance
  • Laws and Lawyers
  • Lifestyle and Fashion
  • Loans and Frugal Living
  • Longevity & Life Extension
  • Mandela Effect
  • Manifestation / LOA
  • Maya / Matrix / Virtual Reality
  • Media & Arts
  • Medical Advances & Procedures
  • Meditation
  • Military Industrial Complex
  • Mind-Body Connection
  • Monthly
  • Mysteries
  • Nature
  • Nature & Wildlife
  • News Flash
  • Peace & Human Rights
  • Pet and Animal Health
  • Policies
  • Politics
  • Predictions & Prophecies
  • Preparedness
  • Prevention
  • Psychology-Psychiatry
  • Quantum Physics
  • Reality Shifts & Timelines
  • Reality's Edge
  • Relationships & Sex
  • Sci-Tech
  • Science
  • Skin & Hair Care
  • Social Media
  • Spirituality and Religion
  • Stuff
  • Technology
  • The Fed & Banking Cartel
  • Thrive
  • Uncategorized
  • Weekly
  • Whistleblower
  • World

Recent News

Pluto Retrograde 2025 Survival Guide + All Signs…

Pluto Retrograde 2025 Survival Guide + All Signs…

May 3, 2025
Vedic Astrology Report for October 2023: Transformation and Spiritual Growth

Vedic Astrology Report for May 2025: Powerful Month with Major Planetary Transitions

April 30, 2025

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result

© 2023 ConsciousLifeNews.com - Premium WordPress news & magazine theme by Jegtheme.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.