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The Big Fix: How The Pharmaceutical Industry Rips Off American Consumers (Publicaffairs Reports) Paperback – May 6, 2003
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What is clear is that the status quo will not stand. That is, the polical pressure and books like these will force the drug industry to either lower or slow down price increases. If not, then legislative action largely from states, will put a cap on prices through state pricing negotiations with drug companies. This book, despite the insulting title, should be read by all drug company executives. While I doubt it is a "big fix", I have no doubt aggressive drug marketing practices are not all pure and need some revisions soon.
In 1994, an estimated 2,216,000 (1,721,000 to 2,711,000) hospitalized patients had serious adverse drug reactions (ADRs) and 106,000 (76,000 to 137,000) had fatal ADRs, making these reactions between the fourth and sixth leading cause of death.
Do you really think this has improved in the last 10 years?
In December, 2003, at a conference in London, Dr. Allen Roses, a senior vice president of GlaxoSmithKline candidly admitted that fully 90% of prescription drugs only work 30% to 50% of the time.
Other countries control drug prices...the same drugs from the same companies for which Americans pay exorbitant prices. Despite two laws passed by Congress since 2000, the FDA, under pressure from drug company lobbyists, still prohibits "reimportation" of drugs from Canada and other countries. States and cities are deliberately challenging the FDA to help their seniors get drugs at reasonable prices from Canada. Busloads of seniors travel from New Hampshire, New York, Michigan and Montana to get their prescriptions filled in Canada. Is this a sensible solution?
To fully understand the dynamics of this ridiculous situation, read this book.Read more ›
On the other hand, although the U.S. is the only industrialized country with no pharmaceutical price cap, "The National Institutes of Health said rules designed to reduce conflicts of interest at the agency went too far. So instead of barring thousands of employees from owning stock in pharmaceutical and bio-technology companies, only about 200 senior employees will be affected...." ('NIH Revises Ethics Rule on Stock Ownership'; USA Today; 8/26/05). So it's not only insurance companies influencing public health policy.
Consider these non-profit healthcare CEO salaries buried in the 'Money' section of USA Today: Catholic Healthcare West CEO--$1 mil.Read more ›
Most Recent Customer Reviews
I wish that every adult american would read this book.
I read the book because my wife is reading it for a college wellness class and she wanted my opinion. Read more
I've received my item and it was very well priced and affordable. I've ordered things before and haven't received my item that's why i'm very questionable about where I order... Read morePublished on February 21, 2013 by Gregory Davis
I don't like the high cost of health care more than anyone else. It's a complex problem with no silver bullet. Read morePublished on March 24, 2012 by Buzz Pillington
This short book is a compilation of complaints against the US pharmaceutical industry (Big Pharma) and how it rips of American consumers and taxpayers. Read morePublished on March 22, 2007 by Newton Ooi
In 30 yrs. of working as a retail pharmacist I have heard my fair share of "bitching" about drug prices as the Denver Two Step refers to. Read morePublished on April 17, 2006 by W. Walker
This book made it much clearer to me how the pharmaceutical companies operate. Everyone should read this who takes prescription medications. A must read for all!!Published on March 9, 2006 by sharon goss
This is my personal response to anyone else throwing darts at this book by Katherine Greider. Let it be from now on that you eiether agree with Mrs. Read morePublished on September 13, 2004 by Steven B. Mccrary
Whats the price of your life? No coverage of the new compounds and molecules that have sustained millions of lives worldwide? Read morePublished on August 5, 2004 by Step
This book is stringly recommended for anyone interested in this subject. A good site to explore is [...]Published on March 20, 2004