Posts Tagged ‘pharmaceutical companies’

“The vast majority of curricula that are taught in medical schools in this country (USA) were put together by organizations that were founded by, or are funded by, pharmaceutical companies,” according to natural health expert T.C. Hale.

That provocative quote kicks off a chapter headed ‘Kickbacks for doctors’ in our book MEDICAL INDUSTRIAL COMPLEX: The $ickness Industry, Big Pharma and Suppressed Cures.

In the same chapter we quote Cicero, who said, “In nothing do men more nearly approach the gods than in giving health to men.” Certainly, the medical profession, in its purest form, is a noble one. And doctors are clearly at the apex of the profession.

We have no wish to denigrate doctors, or to denigrate anyone who devotes their life to helping fellow man. However, it would be remiss of us not to bring your attention to some, shall we say, gaps in the system – gaps that allow doctors to abuse their position if they are so inclined.

And we stress that those who do (abuse their position) are very much in the minority. That said, the number of doctors who have brought their profession into disrepute, worldwide, is staggeringly high. Certainly far too many for so noble a profession, we would argue.

___________________________________________________________

“An apple a day, if well aimed, keeps the doctor away.” –P.G. Wodehouse

___________________________________________________________

In Medical Industrial Complex, we list proven and shocking examples of kickbacks to doctors.

One study found that doctors in the US receiving payments from pharma companies were twice as likely to prescribe their drugs.

We quote a detailed 61-page report compiled by the University of California, San Diego (UCSD), which starts out with the comment that “While rent-seeking behavior may not be surprising generally, that financial conflicts of interest could influence physicians’ advice might be less expected. For one, doctors are highly paid, with most falling in the top 5% of the income distribution within the US”.

The UCSD report continues, “When drug companies have financial relationships with physicians, medical decisions may be influenced by pecuniary motives not directly related to patient health…”

The report’s conclusion is that “Using data from twelve drug companies, more than 330,000 physicians and nearly one billion prescriptions, we find that when a drug company pays a doctor he is more likely to prescribe that company’s drug.”

A US Federal Government report, detailing 4.4 million payments made to doctors and teaching hospitals by pharmaceutical and medical device companies sheds more light on the vexing kickbacks issue…

We conclude the chapter by saying, ‘Hopefully, this insight into doctors’ kickbacks from the likes of Big Pharma and the medical equipment suppliers hasn’t destroyed your faith in your family doctor. We stress that those who succumb to the temptations on offer are in the minority and so, statistically speaking, we’d like to think there’s a very small chance your doctor is one of the culprits.’

 

MEDICAL INDUSTRIAL COMPLEX: The $ickness Industry, Big Pharma and Suppressed Cures (The Underground Knowledge Series Book 3) by [Morcan, James, Morcan, Lance]

 

MEDICAL INDUSTRIAL COMPLEX: The $ickness Industry, Big Pharma and Suppressed Cures  is available via Amazon: http://www.amazon.com/MEDICAL-INDUSTRIAL-COMPLEX-Suppressed-Underground-ebook/dp/B00Y8Y3TUM/

 

*******************************************

Advertisements

Can society trust the big pharmaceutical companies enough to be sure child immunizations are not dangerous – especially in the light of the alarmingly long list of proven fraudulent activities of many of those same companies? We attempt to answer that question in our book MEDICAL INDUSTRIAL COMPLEX: The $ickness Industry, Big Pharma and Suppressed Cures.

We also ask is there any limit to the lengths drug companies will go to in order to maximize revenue? And if adult lives aren’t safe in this mad pursuit of profits, can we be certain children’s lives won’t be viewed as expendable as well?

But surely they wouldn’t suppress scientific evidence of vaccine dangers when it comes to children? you may ask. Surely they wouldn’t go that far? Right?

Well, you may be right, but let’s break things down a little before reaching any conclusions.

Firstly, it’s an indisputable fact that immunizations protect many millions of children every year from potentially deadly diseases, and they save countless lives. It is undeniable that vaccines have all but eradicated a whole host of serious diseases including diphtheria, rubella and smallpox. Polio was also on that list although, alarmingly, it has reportedly been making a comeback in recent years.

Given the apparent overwhelming scientific evidence proving the effectiveness of child immunizations, in legal parlance this seems like it should be case closed. However, not all parents, and more significantly not all health industry professionals, agree it’s as simple an issue as that. Indeed, some doctors, nurses and other health professionals argue the underreported risks of vaccinating infants far outweigh the protection they provide against certain diseases.

At the time of writing, Californian politicians were considering passing a new law – Senate Bill 277 (SB 277) – making it mandatory for Californian residents to vaccinate their children. As you can imagine, this hasn’t gone down well with everyone.

Taking away parents’ ability to choose has stirred up the vaccine debate once more – especially in alternative media.

On April 23, 2015, the healthy living website Elephant ran an article by health campaigner Elliot Freed, commenting on the issues at stake. In it, Freed hints at complexities that go beyond whether vaccines are safe and effective, stating, “In 1986 vaccine manufacturers were given financial immunity from the damages of their products by congress”.

It turns out that law change led to a program that’s funded by a 75 cent levy on every vaccine sold.

The article heavily implies that through this legal and/or political loophole, drug companies can repeatedly dodge most claims which attempt to establish a link between vaccines and injury to children.

The Elephant article also mentions how more child vaccines than ever contain disease-producing pathogens – more so since liability was eliminated for drug companies producing vaccines. The list of vaccines containing pathogens, according to the article, includes “the MMR, the dTap and the oral polio vaccine”.

Because of the financial immunity in the production of vaccines, pharmaceutical manufacturers are now much more focused on developing vaccines than drugs. Easy to understand why: it’s a lower risk activity.

Freed continues, “Drugs go through a more rigorous testing process. They are then optional for consumers and consumers and governments can sue pharmaceutical companies for damages caused by the drugs. Vaccines are subject to a less rigorous testing process, saving millions of dollars for each drug sold as a vaccine.”

And of course, vaccines need far less advertising costs – especially when governments make their usage mandatory.

“This is not about vaccines for diseases like polio or measles,” Freed says. He goes on to predict that many other future vaccines will become mandatory as well. “Where are the infectious epidemics that are killing our children? I don’t see them”.

If the bill (SB 277) passes, according to Freed, “No state legislator, no school administrator, no doctor and no parent will be able to say no to any chemical mandated by the federal government to be injected into children, so long as it is packaged as a ‘vaccine’”.

Is this paranoia? Unfounded speculation? A theory only tinfoil hat-wearing conspiracy theorists would believe?

Not according to RFK’s son, Robert F. Kennedy, Jr., who has warned the public that a medically induced ‘holocaust’ is now upon us…

You have been reading an excerpt from Medical Industrial Complex. To view the book on Amazon go to: http://www.amazon.com/MEDICAL-INDUSTRIAL-COMPLEX-Suppressed-Underground-ebook/dp/B00Y8Y3TUM/

MEDICAL INDUSTRIAL COMPLEX: The $ickness Industry, Big Pharma and Suppressed Cures (The Underground Knowledge Series Book 3)

 

*****************************************************

We are openly critical of the big pharmaceutical companies in our new release book MEDICAL INDUSTRIAL COMPLEX: The $ickness Industry, Big Pharma and Suppressed Cures. Our criticism is tempered by the fact that – as we acknowledge more than once in our book – products developed, manufactured and marketed by Big Pharma save lives. (Some would argue they cost lives, too, but that’s another story).

MEDICAL INDUSTRIAL COMPLEX: The $ickness Industry, Big Pharma and Suppressed Cures (The Underground Knowledge Series Book 3)

However, we keep coming back to the questions that crop up whenever the pharmaceutical companies and their modus operandi are analyzed. Questions like: Why is so little money ploughed back into research? Why the continuing emphasis on treatments ahead of cures? And, regarding revenues and profits, how much is too much?

BBC News addresses this very issue in a report aired on November 6, 2014 under the title ‘Pharmaceutical industry gets high on fat profits.’ The report asks people to imagine an industry that generates higher profit margins than any other and is no stranger to multi-billion dollar fines for malpractice.

“Throw in widespread accusations of collusion and over-charging, and banking no doubt springs to mind. In fact, the industry described above is responsible for the development of medicines to save lives and alleviate suffering, not the generation of profit for its own sake”.

The BBC News report reminds us that pharmaceutical companies have, by far, developed  most medicines known to Man, but have profited big-time in the process – “and not always by legitimate means”.

It continues, “Last year, US giant Pfizer, the world’s largest drug company by pharmaceutical revenue, made an eye-watering 42% profit margin… five pharmaceutical companies made a profit margin of 20% or more…With some drugs costing upwards of $100,000 for a full course, and with the cost of manufacturing just a tiny fraction of this, it’s not hard to see why…

“Drug companies justify the high prices they charge by arguing that their research and development (R&D) costs are huge. On average, only three in 10 drugs launched are profitable, with one of those going on to be a blockbuster with $1bn-plus revenues a year…

“But … drug companies spend far more on marketing drugs – in some cases twice as much – than on developing them. And besides, profit margins take into account R&D costs”.

The report concludes that the industry also argues that the wider value of the drug needs to be considered. However, it (BBC News) rightly points out that just because you can charge a high price for something does not necessarily mean you should. Especially when you factor in the lives at stake in the healthcare field.

The problem with that is – as we see it – the pharmaceutical companies and the shareholders they answer to would quickly dismiss such a rationale. They’re solely focused on the bottom line: profit.

Profit is not necessarily a dirty word when it comes to healthcare. We happen to believe capitalism, if managed properly, can actually work well in medicine. Profit incentives can spark imaginations in pharmacists and healthcare entrepreneurs and doctors as there’s the reward aspect in capitalism which motivates people to find medical cures.

Otherwise, as evidenced in the past in places like Eastern Europe, when things go to the other extreme and there’s too much government interference it can be just as crippling and corrupting for essential services such as healthcare. With little to no financial rewards on offer under communism, or even under some forms of socialism, most workers are less motivated – medical and healthcare workers included.

Somehow there needs to be a balance between governments and non-profit review committees to ensure mainstream medicine has a social conscience whilst still allowing the free market to work its magic.

…In the pharmaceutical industry’s haste to get drugs to market, critics say safety usually comes a distance second to profits. Little wonder then that mistakes occur and the line between legitimate and spurious business practices is oftentimes blurred.

We explore this untenable situation in the next chapter.

You have been reading an excerpt from Medical Industrial Complex.

The book is available via Amazon: http://www.amazon.com/MEDICAL-INDUSTRIAL-COMPLEX-Suppressed-Underground-ebook/dp/B00Y8Y3TUM/

***************************************************************

No-one can object to the pharmaceutical companies making profits. Surely that’s the aim of all companies – to make profits. But how much is too much? We ask that very question in our new release book MEDICAL INDUSTRIAL COMPLEX: The $ickness Industry, Big Pharma and Suppressed Cures.

MEDICAL INDUSTRIAL COMPLEX: The $ickness Industry, Big Pharma and Suppressed Cures (The Underground Knowledge Series Book 3)

Excerpts from Medical Industrial Complex  follow:

Many people are alive today because of prescription drugs, and many more are enjoying a better quality of life because of prescription drugs. Let us be clear and unequivocal about that. And unsubstantiated criticism of the pharmaceutical industry, or any industry for that matter, does no-one any good.

We kept all that front of mind when conducting our research for this book.

Unfortunately, the inescapable fact is that much of the good Big Pharma does is undone by mistakes, dubious business practices, (reported/confirmed cases of) fraud and, quite simply, by greed.

Much has been written about Big Pharma in recent years. One of the most informative books on the industry is The Truth About Drug Companies, by Marcia Angell, M.D., former editor of the prestigious New England Journal of Medicine.

The book’s blurb reads (abridged):

“Currently Americans spend a staggering $200 billion each year on prescription drugs. As Dr. Angell powerfully demonstrates, claims that high drug prices are necessary to fund research and development are unfounded: The truth is that drug companies funnel the bulk of their resources into the marketing of products of dubious benefit. Meanwhile, as profits soar, the companies brazenly use their wealth and power to push their agenda through Congress, the FDA, and academic medical centers.

“Zeroing in on hugely successful drugs like AZT (the first drug to treat HIV/AIDS), Taxol (the best-selling cancer drug in history), and the blockbuster allergy drug Claritin, Dr. Angell demonstrates exactly how new products are brought to market. Drug companies, she shows, routinely rely on publicly funded institutions for their basic research; they rig clinical trials to make their products look better than they are; and they use their legions of lawyers to stretch out government-granted exclusive marketing rights for years. They also flood the market with copycat drugs that cost a lot more than the drugs they mimic but are no more effective.

The Truth About the Drug Companies is a searing indictment of an industry that has spun out of control”.

Product Details

Within the book itself, Dr. Angell describes the unethical and at times inhumane pharmaceutical industry she witnessed in her 21 years spent as the first female editor-in-chief of The New England Journal of Medicine. She also gives numerous examples to prove beyond dispute that the world’s biggest drug companies have grown so powerful they are now able to pull the strings and call many of the shots in medical academia, health research and even the way doctors and nurses go about their work. Meanwhile, the public, including more and more of the poor, invalid and elderly, are unable to meet the cost of rapidly increasing prescription drug prices.

For an insight into the profitability of the major pharmaceutical companies, take a gander at the top performers on the latest Fortune 500 list. (Fortune 500 being Fortune Magazine’s annual list of the top 500 US companies – publicly and privately listed – according to their gross revenues).

Fortune 500

At the time of writing, the 2014 Fortune 500 list was the latest available. One of the best summaries of the pharmaceutical companies (drug wholesalers, chain pharmacies, pharmacy benefit managers (PBMs), and pharmaceutical manufacturers) we could find is on the very professional DrugChannels.net site. Compiled by Dr. Adam J. Fein, CEO of Drug Channels Institute, it’s an eye-opener for the uninformed.

As Dr. Fein informs the public, his data “will help you ‘follow the dollar’ and understand how drug channel intermediaries make money.”

The good doctor compares the fortunes of the eight listed drug channels companies (AmerisourceBergen, Cardinal Health, CVS Caremark, Express Scripts, McKesson, Omnicare, Rite Aid, and Walgreens) with Fortune 500’s 12 pharmaceutical manufacturers and a separate survey of independent pharmacies.

Dr. Fein reports “The 2013, median revenues for the eight drug channel companies were $95.1 billion, up 1.4% vs. 2012. Median revenues for the manufacturer group were $17.5 billion… The revenues of the 12 largest pharmaceutical manufacturers on the Fortune 500 list range from $67.2 billion (Pfizer) to $5.5 billion (Celgene)”.

In the report he quotes 2012 data supplied by the National Community Pharmacists Association’s 2013 NCPA Digest, which shows that independent pharmacies had higher profitability than the eight largest drug channels companies, including PBMs.

Dr. Fein also observes that, “In 2013…investment returns reflected last year’s strong stock market performance”.

The median Total Return to Investors in 2013 as reported from Fortune’s list is detailed as follows: 8 Drug Channels companies: +65.8% (range: +30.1% to +272.1%); 12 Drug Manufacturers: +34.8% (range: +7.3% to +115.3%).

Starting to get the picture? Big Pharma is mighty profitable and becoming more so each and every year.

You have been reading an excerpt from Medical Industrial Complex.

The book is available via Amazon: http://www.amazon.com/MEDICAL-INDUSTRIAL-COMPLEX-Suppressed-Underground-ebook/dp/B00Y8Y3TUM/

Product Details

***************************************************************

The countdown has begun for the release of our new Kindle ebook, MEDICAL INDUSTRIAL COMPLEX: The $ickness Industry, Big Pharma and Suppressed Cures — a no-holds-barred critique of the state of mainstream medicine today.

MedicalIndustrialComplex cover

Book three in The Underground Knowledge Series, it follows the successful release of ANTIGRAVITY PROPULSION: Human or Alien Technologies? (book two) and GENIUS INTELLIGENCE: Secret Techniques and Technologies to Increase IQ, (book one).

Medical Industrial Complex explores the contention that the big pharmaceutical companies and other major players put profits ahead of patients’ wellbeing and dollars ahead of lives. It shines the spotlight on, or in some cases applies the blowtorch to, all the players in the medical sector, including the doctors, hospitals, the medical academic establishment, hospital supply and equipment companies, politicians, consultants, insurers, banking executives, accountants, lawyers and of course Big Pharma.

*

To view the discussion thread on the Medical Industrial Complex (the phenomenon) in our ‘Underground Knowledge’ group on Goodreads check out: https://www.goodreads.com/group/show/142309-29-conspiracy-theories—a-discussion-group >>> Everyone’s welcome!

 

*************************************

Our next book, MEDICAL INDUSTRIAL COMPLEX: The $ickness Industry, Big Pharma and Suppressed Cures, is unlikely to be welcomed with open arms by the big drug companies or by other major players in the so-called Medical Industrial Complex. It’s a no-holds-barred critique of the state of modern medicine.

MedicalIndustrialComplex cover

Book three in our series The Underground Knowledge Series, it follows the recent successful release of ANTIGRAVITY PROPULSION: Human or Alien Technologies? (book two) and GENIUS INTELLIGENCE: Secret Techniques and Technologies to Increase IQ, (book one).

Medical Industrial Complex explores the contention that Big Pharma and co. put profits ahead of patients’ wellbeing and dollars ahead of lives. It shines the spotlight on, or in some cases applies the blowtorch to, all the major players in the medical sector, including the doctors, hospitals, the medical academic establishment, hospital supply and equipment companies, politicians, consultants, insurers, banking executives, accountants, lawyers and of course the drug companies.

*

To view the discussion thread on Medical Industrial Complex (the phenomenon) in our ‘Underground Knowledge’ group on Goodreads check out: https://www.goodreads.com/group/show/142309-29-conspiracy-theories—a-discussion-group >>> Everyone’s welcome!

 

*************************************