The Most Crazy
Millionaire raised the price of widely-used drugs by 1,000%
Millionaire who raised the price of widely-used drugs by 1,000% over two years says: ‘I don’t have to justify my profits to anyone’. Drugs companies making everyday medicines for the NHS are facing claims of profiteering after imposing huge price rises for commonly prescribed drugs.
The increases – some as high as 1,000 per cent in just two years – coincided with some of the firms involved earning massive profits.
One company boss said the NHS ‘doesn’t care what it costs’.
The medicines are not new innovative products developed by pharmaceutical companies after enormous investment in research and development.
Instead, they are unbranded so-called ‘generic’ drugs which have been available for many years and include commonly used antibiotics prescribed to millions of patients.
One of the medicines under the spotlight after a huge unexplained price increase is hydrocortisone tablets – a daily lifesaver for thousands of kidney patients.
In June 2008, the cost to the NHS of a packet of 10mg pills was £5. Today, the NHS is paying £44.40 for the same course. read more
4 Comments so far ...
Americans need to put there foot down say enough is enough medicine prices need to be regulated and stop the price gouging. Every one in the usa needs to pettition drug gouging and that if americans cant get there drugs at affordable prices inth us then we should be aloud to get are drug from canada.
Comment on July 27, 2010 05:29 amThe high cost of drugs are a direct result of trusting our representative of our government over the last 5 years.
Comment on July 27, 2010 09:00 amOur electectoed civil servants got together and implemented laws that would give money to pharmaceutical companies as well as the representatives and their families benefited with high paying positions in the pharmaceutical companies.
If you don’t like the drug prices, you should get some of those books that teach you about the herbs that you can drink, take, rub into your skin, etc that work just as well as the drugs that they prescribe, and they have NO side affects, I have recently bought several books that were written by a group of doctors that tells you how to treat almost every kind of issue that would normally cause you to take a pill, and these books are fabulous! You can drink a tea, rub in a home made ointment, that works better than those pills. Face it this is the stuff that they used before they developed all of these chemicals, with all of the side affects. Look into it and I am sure that you will be pleased.
Comment on July 27, 2010 09:02 amwe cant control drug companies: they have a right to profit, we cant regulate the profit,
Comment on July 27, 2010 09:03 am