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Drug companies

Do you think that drug companies are partly to blame for our healtcare crisis? It seems that there is a new drug on the market everyday. They are very expensive and our insurance companies DON'T want to pay for them. Thoughts?

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madetobeamom

Asked by madetobeamom at 12:19 AM on Aug. 13, 2009 in Politics & Current Events

Level 1 (-5 Credits)
Answers (11)
  • Absolutely. Look at who owns the companies. It's a frightening money making machine. Who makes the vaccines? Who makes the equipment to cure cancer? They are owned by the same people. You can bury your head in the sand or really research and make some educated choices. It is disgusting. Don't even get me started on Swine Flu vaccine.
    jeanclaudia

    Answer by jeanclaudia at 12:33 AM on Aug. 13, 2009

  • You are very right. The problem is that there are SO many hands in this mess we know as our healthcare issues. But the drug companies are not the COMPLETE cause of the problems - but they *do* contribute their share.
    PaceMyself

    Answer by PaceMyself at 12:41 AM on Aug. 13, 2009

  • Their products are necessary but their business practices are often questionable, they are so powerful they manage markets and operate like an old fashioned cartel. One of the less pleasant faces of capitalism.
    janet116

    Answer by janet116 at 1:20 AM on Aug. 13, 2009

  • Yeah, these GREEDY drug companies .... these villainous insurance companies who are GOUGING us ...

    Here's a fact to evaluate the greed: most companies make a 7% profit (computers, cleansers/detergents, etc.)

    Drug companies, insurance companies AND oil companies make 3% or less. Yeah sure, their greed is what we should blame.

    Don't you feel gullible believing this kind of base-less finger-pointing which serves politicians' agendas?
    waldorfmom

    Answer by waldorfmom at 2:32 AM on Aug. 13, 2009

  • waldorfmom, if their profit margin is so low, how do those two lobbies make a large portion of multi-million dollar political contributions?

    Too many hands in too many pots, and nobody is thinking clearly or about the good of the nation.
    asaffell

    Answer by asaffell at 3:13 AM on Aug. 13, 2009

  • Nope. I think the market supports what the market supports. That makes us responsible. We are the market. Also, developing new drugs, testing, meeting government standards, and distribution isn't cheap. And, like it or not, they are in the business of making a profit. Profits are not evil. If I was in business for myself, I would want to make a profit. We have to stop looking for scape goats, take responsibilities for our own greed and wants for helping create this. We want the best, newest, latest at all costs. Now "at all costs" has come back to bite us in the arse and we whine.
    jesse123456

    Answer by jesse123456 at 8:39 AM on Aug. 13, 2009

  • Furthermore, research and development plays a major role in the exorbitant cost of prescription drugs. Newsweek cites, "U.S. drug companies will spend more than $22 billion on research and development this year, a 10 percent increase over 1999." It costs approximately $500 million and takes from 12 to 14 years to develop a new drug, according to manufacturers.
    American consumers pay more because people overseas pay less. Drug makers are forced to give discounts in foreign countries, thus affecting the cost of drugs in America to compensate for the discounts. Families USA reported that between January 1999 and January 2000, the average wholesale prices of 15 of the 50 drugs used more frequently by seniors to treat arthritis, diabetes and other common problems of the elderly rose at more than three times the rate of inflation
    http://www.tscl.org/NewContent/100384.asp
    mamakirs

    Answer by mamakirs at 8:49 AM on Aug. 13, 2009

  • mamakirs...there you go again, injecting those darn facts and links into a thread!!! LOL :o)

    LoriKeet

    Answer by LoriKeet at 8:59 AM on Aug. 13, 2009

  • no. i like drug companies. they help me get through the day. :)
    better living through chemistry i always say!
    jewjewbee

    Answer by jewjewbee at 9:20 AM on Aug. 13, 2009

  • Drug companies NEED to make a profit, if you were one of their stock holders, you would be pissed if they didn't. Look at GM, they made a sucky product they couldn't sell, and we ALL ended up paying to bail them out. I want the drug companies to make a profit.

    IMO, it's market-driven. People are constantly demanded the newest treatment, when the old treatment will work just fine. I worked in Dr.s offices for years, and people wanted the latest antibiotic, the latest allergy medicine, the latest pain killer, etc.

    I disagree with drug companies advertising on TV, though.
    mancosmomma

    Answer by mancosmomma at 9:54 AM on Aug. 13, 2009

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