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Big Pharma Lawsuit: Drug Companies Worked Together To Raise The Price Of Drugs

Mac Slavo
December 20th, 2018
SHTFplan.com
Comments (24)
Read by 1,479 people
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A major antitrust lawsuit against some large drug companies accuses Big Pharma of working together to raise the cost of generic drugs. These drugs have had their prices increased by 1,000 % or more.

The drugs in question were prescribed to treat conditions such as epilepsy, heart failure, anxiety, insomnia, hypertension, diabetes, asthma, arthritis, and more. The lawsuit alleges that drugmakers colluded to undermine that competition, harming patients and the taxpayers.

Attorneys general for 45 states, plus the District of Columbia and Puerto Rico, are alleging that nearly 20 companies that manufacture generic drugs illegally collaborated with competitors to jack up the prices for those prescription pharmaceuticals and divvy up markets to limit competition, according to a report by Business Insider.  More than a dozen of these generic drug manufacturers accused of raising prices on United States consumers in an alleged illegal price-fixing case are asking a federal court in Philadelphia to impose a gag order on investigators.

 The companies, in a motion filed Tuesday about the expansion of the sweeping, ­multistate civil inquiry to more than 16 companies and 300 drugs, complained about a “media blitz” (a news conference this week by the attorneys general from Connecticut and Louisiana) although this story has gained very little attention, according to a December 9 article in the Washington Post. “Certain plaintiffs continue to appear far more interested in litigating their claims in the media rather than before this court,’’ the companies said in their request that Judge Cynthia M. Rufe tell all parties in the case to refrain from speaking outside court.

The move to stifle public comment highlights the extreme stakes and sensitivity for the companies accused of illegal conduct. Overbilling as part of the alleged price-fixing case is well into the billions, and some companies could be on the hook for big damages if the case reaches trial. So killing this story in the media is imperative to those wielding the money and buying political power.

Big Pharma’s War On Our Children: 1 Million Kids Under Age 6 On PSYCHIATRIC Drugs

Business Insider is the first to report on the unredacted complaint, which was filed under seal in the Eastern District of Pennsylvania, revealing for the first time the communications that allegedly took place between employees of rival companies, including massive firms like Teva, Novartis’ Sandoz, and Mylan.

The conversations paint an in-depth picture of close, frequent contact about pricing and market decisions by way of LinkedIn, phone calls, text messages, and emails — all with the goal of hiking prices on a broad range of generic drugs, the lawsuit claims. –Business Insider

There are not many media outlets willing to bring light to this lawsuit or the harm these companies are doing to the American wallet and health care system.

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Author: Mac Slavo
Views: Read by 1,479 people
Date: December 20th, 2018
Website: www.SHTFplan.com

Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.

24 Comments...

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  1. “One million children under the age of six on psychiatric drugs”

    Jesus Christ !!!

    _

  2. IT IS NOT HOW IT SEEMS says:

    Ghostwriters on the Storm: How Big Pharma (and everyone else) Ghostwrites Articles

    https://www.youtube.com/watch?v=vw1Fw6py_M4

    CORBETT REPORT WHEN YOU WANT TO GO DEEPER !

  3. GodHelpAmerica says:

    Man… like anyone DIDN’T see that coming. I refuse to have health insurance. I visit a local cash only doctor in the case me or my family need it. Big pharma/government is destroying the values set by our founding fathers. This country needs a system shock.

  4. The entire “health care” industry has nothing to do with health but rather with with treating illnesses. They are too ready to operate and load you up with as many pharmaceuticals as possible. Some of the pharmaceuticals have serious side effects (even death). Focus on eating as healthy a diet as possible, consume large amounts of water and get proper exercise. It is one of the best investments you can make.

  5. aljamo says:

    Look at all of the alternative medicine and healing technique doctors that have died under mysterious circumstances in the past few years, those outside the existing medical cartel stranglehold of “healthcare”. Another recently died in Florida who did CBD oil research helping improve patients conditions outside of big pharma clutches. It does make sense in a thouroughly corrupt nation that healthcare is anything and everything except about healing.

  6. Justice says:

    Remember to stock-up on a lot of sugar because it will take “A Truck Full of Sugar To Make This Upcoming Medicine Go Down” (This ‘witty’ rejoinder was brought to you in honor of the remake; “Mary Poppins Returns”).

  7. Maranatha says:

    Do people have the right to cheap surgery, houses, cars, food, whatever?

    Why is it universities can act together to set tuition? Or unions? Or why are city utilities able to set prices?

    You demonize the pharmeceutcal industry because you demand cheap drugs, yet these companies only find a usable drug 5% of the time, and then can only make a profit for seven years before losing the patent, so then any moron or foreign company can sell a generic.

    OK, then anyone should be able to make Gucci, Porshe, Microsoft, Google, etc products as well.

    I seriously doubt you believe in the very capitalism that allowed middle class citizens to own homes. You would rather initially save money on cheap Chinese goods until there are no Americans in the Middle Class. There will be a few extremely wealthy rich people and everybody else fighting over scraps.

  8. I picked up this interesting little tidbit of information on a radio show called Phil’s gang.
    “Of the fortune 500 companies ten are pharmaceutical companies, those ten companies
    make more profit than all the other four hundred ninety companies combined”, no
    wonder the Lord calls them “thy merchants were the great men of the earth.”
    I have done an exhaustive study on our modern day drug problem from a Biblical perspective. Scroll down to ‘Pharmakia of ‘Revelation 18:23’
    Prophecy page

  9. Anonymous says:

    Big Lewwww hes on meds tuuuu

  10. There are two really terrible diseases out there that can lead even the most ardent critics of the “healthcare industry” to do things they would not normally do. The diseases are ulcerative colitis and Crohn’s disease. These are extremely painful diseases. The current medical practice is to treat it with surgery and steroid medications. There are now biologic medications such as Humira and Remicade. All of the medications are expensive and have serious side-effecgs. There is a lot of quality research either ongoing of recently done that hold the promise of avoiding the diseases.

  11. Hoser says:

    It’s ok to tell your doctor to go fuck himself. There legalized drug pushers

  12. Maranatha says:

    Unthinking fools demonized the American auto industry, and the result was the destruction of the autoworkers’ jobs in the eighties. By the nineties, the same people demonized pharmaceuticals, and then lots of people working in the pharmaceutcal industry first saw their jobs go to Puerto Rico for tax abatements, then to China. You hated every union worker and then steelworkers and those in the aluminum industry saw their jobs disappear. You hate the law enforcement unions, so they never hired enough people, were forced to work overtime, and they had to fight to get paid, then had their pensions stolen and mismanaged.

    Keep demanding for cheaper prices and there will be no middle class jobs in America.

    • Beaumont says:

      As a very sturdy person, with organized crime in the ancient history of my family tree, I don’t understand why you can’t have private guilds, without strongarming some too-big-to-fail employer.

  13. Beaumont says:

    Noone wants to be the bad guy. Noone wants to say you don’t need or deserve the treatment, in the world of supply and demand.

    But, I swear, some of the sickest people I know got entrapped by some ingrown toenail, wart, or sniffle.

    Side effects have compounded upon side effects.

    The rationing of healthcare or a death panel might have saved WASP lives, from some quota case doctor with a sales quota.

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