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Americans shelled about $11.7 billion for the development of vital drugs. The profits of these drugs went straight to the shareholders. Ana Kasparian discusses on The Young Turks. Your Support is Crucial to the Show: go.tyt.com/joi...
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"As the government begins its first-ever price negotiations for a handful of medicines under Medicare, the pharmaceutical industry has launched an all-out legal and PR assault on this meager attempt to control out-of-control drug prices for the country’s most vulnerable. Big Pharma reasons that the government has no place setting prices for the drugs developed by private companies.
But the government, and by extension taxpayers, heavily subsidizes the development of drugs in this country. Now a bombshell new report reveals that Americans funded the development of all 10 drugs up for price negotiations, shelling out a total of $11.7 billion on their research. In 2022 alone, Big Pharma made $70 billion selling those same drugs - and now they want to keep their prices sky high."
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