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Democrats find drug prices are ‘unsustainable, unjustifiable and unfair’
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House Democrats find in three-year investigation that drug prices are ‘unsustainable, unjustifiable and unfair’

The pharmaceutical industry relies on drug-pricing practices that are “unsustainable, unjustified and unfair,” according to findings from a nearly three-year investigation by the House Oversight Committee.

The findings, released Friday, show that companies studied by the committee raised prices of common brand-name drugs during the past five years by nearly four times the rate of inflation. The report seeks to debunk industry contentions that companies’ price strategy is needed to plow money back into researching and developing new medicines, finding that revenue is substantially greater than those investments.

The 269-page report is the work of the committee’s Democratic majority. The panel’s chairwoman, Rep. Carolyn B. Maloney (D-N.Y.), said in a preamble that the report grows out of a review of 1.5 million pages of internal company documents and five congressional hearings, yielding what she called a “rare glimpse into the decision-making of many of the world’s most profitable drug companies.”

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https://www.washingtonpost.com/health/2021/12/10/house-democrats-find-three-year-investigation-that-drug-prices-are-unsustainable-unjustifiable-unfair/

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OID: 1639161500 @ 12.10.21 18:38:20 (offset server time)


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The greatest obstacle to the American dream
for most Americans has been the blinding conceit and self serving public policies of the illegitimate controlling elite (ICE) and the notions of their own entitlement as stewards of a false "greater good".

Draining the swamp is long overdue.












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