Cancer Drugs Marked Up for Big Profit

A report about companies who are buying generic cancer drugs to sell them at marked up prices is discussed by Ana Kasparian and Cenk Uygur of The Young Turks.

Source: http://www.rawstory.com/rs/2011/11/29/cancer-drug-scalpers-corner-u-s-market/

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Category:

News & Politics

Tags:

• cancer
• drugs
• medicine
• hospitals
• companies
• government
• health
• generic
• medications
• whole sale
• business
• corruption
• money
• law
• TYT
• young turks
• cenk uygur
• ana kasparian
• news

[buugiman78]

Well, this is just how capitalism works. The only thing that matters is maximizing the profits. Take a good look at this libertarians. This has NOTHING to do with the government. This is a prime example how the forces of corruption are at play in the private sector as well. Yeah, remove the government and you won't see the end of it. But, of course the stupid cock-sucking libertarians won't realize this since they have their heads too deep up their ugly asses.

[fitzhalim]

NHS BITCHES!!!!!!!!!!!!

[flamminbags1]

This is our nation's attempt to control the population, plane and simple

[Tealy855]

HIDDEN CURE.Cancer is a deficiency disease caused by a lack of nitrilosides in the modern western diet just like scurvy is a deficiency of vitamin C. Big Pharma/FDA profiteers have covered up the cure and have declared it fraud and quackery for over 60 years.Watch WORLD WITHOUT CANCER YouTube documentary and investigate these facts.Thousands have been cured just by adding this essential compond to their diet without the self destructive and devastating drugs, chemo and radiation.Choose life.

[dizzitoast]

@Balencian Well said...

[MsBones1950]

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[Dzz131]

@buugiman78

Hey genius, did you watch the video? The drugs are RARE because it's not profitable to make, they're not profitable because the hospitals PURPOSELY buy non generic versions so they get the maximum amount of money repaid from the government.

If the government didn't repay them money, this situation wouldn't exist, the generic brands would be still in business and there wouldn't be anyone marking up anything, because there would be no short of SUPPLY. DERP.

[goldpatriarch]

@buugiman78

"This has NOTHING to do with the government."

On the contrary, here's how I see it:

1. Hospitals get to charge the government for drugs.

2. Hospitals no longer care about cost cutting so they buy only the expensive drugs (not generic) to make money from the government.

3. Pharmaceutical companies no longer make generics since no one buys them.

4. Generic drugs are in short supply since no one makes them any more, which then of course leads to price gouging.

[schanznthatotherkid]

i bet politics is the only thing these people think about.,, must suck

[R4t10n4L]

Alan Grayson was right - don't get sick but if you do, then die quickly.

[R4t10n4L]

The whole story here is about fucking greed. Where is my socialized healthcare?

[Friedstuffsable]

@FruitTrees4Life Maybe. Have a look at the World Health Organization's website.