Our Daily Meds, Drug companies #1 priority is making money

http://fatnews.com/ Hi, this is Larry Hobbs @ FatNews.com. LarryHobbs@fatnews.com

This book is about how Americas for-profit medical system — filled with incentives to make money and disincentives for good care — has failed, Melody Petersen, author of a new book called Our Daily Meds: How The Pharmaceutical Companies Transformed Themselves Into Slick Marketing Machines And Hooked The Nation On Prescription Drugs told Bill Moyers.

In too many cases, whether a medicine helps or harms a patient has become secondary to how much it will bring shareholders in profit.

With Wall Street driving it, there is this constant pressure to exceed the level of revenues that you made the year before.

The result of this push from Wall Street and executives stock options depend on it if companies dont do this, then their stock price goes down, [ and ] executives salaries go down.

It's driven to get those profits up.

Category:

Science & Technology

Tags:

• prescription
• drugs
• medicines
• drug
• industry
• pharmaceutical
• deaths