In 2023, we lost 107,543 individuals to drug overdoses.
In 2023, the list of 30 largest companies by revenue was 20% occupied by health insurance and prescription drug manufacturers. This included United Health Group, Cigna, and Humana which control 79% of Pharmacy Benefit Managers (PBMs) that produce prescription drugs.
We have increased the percentage of our GDP spent on healthcare from 5% in 1960 to present-day over 22%.
Pfizer is the 8th most profitable company, ranking higher than Meta (Instagram, Facebook, WhatsApp) and other tech companies. A few years ago, our government made an example out of Martin Shkreli aka “Pharma Bro” while ignoring the other major companies that have price-gouged essential prescription drugs.
In 2023, pharmaceutical companies spent $15.4 billion on advertising and are projected to increase it to $20 billion in 2024. Pharmaceutical companies are some of the largest advertisers for news networks and lobbyists for politicians.
We need to reign in the pharmaceutical industry.
I want to do the following:
Ban pharmaceutical, and health insurance, companies from advertising and lobbying our politicians
Increase the number of retail and compounding pharmacies to distribute the production of essential prescription drugs and support our prescription drug shortage problems
Reduce the length of prescription drug patents to allow for more generic prescription drugs to be produced.
Support the FTC lawsuit to break up the 3 big PBMs