The pharmaceutical industry is the single biggest defrauder of
Americans taxpayers in the country - surpassing the Defense Industry for
the first time. A new Public Citizen report finds that over the last
twenty years the pharmaceutical industry has accounted for 25% of all
violations of state and federal law when it comes to the False Claims
Act.
Among the infractions include illegally promoting drugs for
purposes not approved by the FDA - which is a criminal offense since it
can lead to patients suffering serious illnesses - and even death. Also
the pharmaceutical industry routinely overcharged federal programs like
Medicaid for their prescription drugs - bilking taxpayers out of
billions of dollars. Since 1991 - over 165 pharmaceutical settlements
with state and federal governments has led to $19.8 billion in
penalties.
According to Taxpayers Against Fraud - pharmaceutical companies are
expected to pay out another $9 billion in fraud settlements this year.
This is the consequence of a for-profit health care system in America -
drug companies who are supposed to be manufacturing products to help us
live longer and be healthier - are ACTUALLY more focused on screwing us
than our well-being. It's time to join the rest of the developed world
- create a non-profit healthcare system - and kick the money-changers
out of our hospitals.
-Thom
(Have you been screwed by big Pharma? Tell us here.)
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