Big Pharma’s Profits Soar While Americans Suffer Under Drug Prices

Big Pharma’s raking in record profits while regular Americans struggle to afford life-saving medicines. A recent study shows drug companies make 23% profit margins – ten times higher than pharmacies, insurers, or distributors. These corporate giants blame everyone else for high prices, but their wallets tell a different story.

Companies like Eli Lilly and Novo Nordisk are leading the cash grab, with profits exploding over 20% this year alone. They’re charging $1,000 per dose for diabetes drugs that cost pennies to make. Meanwhile, families skip doses or split pills to survive Biden’s inflation crisis.

Foreign governments make this worse by forcing Americans to subsidize their cheap drugs. Countries like Canada and Germany pay rock-bottom prices while U.S. patients foot the bill for global research costs. It’s time our “allies” start paying their fair share instead of freeloading off American innovation.

The media stays silent because Big Pharma buys billions in TV ads and “sponsored content.” Major networks won’t expose price gouging when drug companies fund their news divisions. Same with politicians – both parties take Pharma cash while pretending to care about healthcare costs.

These corporate fat cats use patent tricks to keep generics off the market for years. They’ll slightly alter a pill’s coating to reset the clock, then sue small competitors into oblivion. Real innovation has been replaced by legal loopholes and monopoly games.

Conservatives know government price controls aren’t the answer. We need tough trade deals that make Europe pay market rates for medicines. Let’s unleash American energy independence to lower manufacturing costs and break China’s stranglehold on drug ingredients.

The solution starts with transparency. Force Pharma CEOs to testify why they charge $20,000 monthly for cancer drugs developed with taxpayer-funded research. Audit their sweetheart deals with hospitals and insurers that rig the system against cash-paying patients.

Hardworking Americans built this country – not hedge fund managers or coastal elites. It’s time to put patients over profits, hold these corporations accountable, and restore fairness to our healthcare system. The free market works when everyone plays by the rules.

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Keith Jacobs

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