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In Biggest Tax Evasion Scheme of Its Kind, Big Pharma Becomes Behemoth


#1

In Biggest Tax Evasion Scheme of Its Kind, Big Pharma Becomes Behemoth

Deirdre Fulton, staff writer

Big Pharma just became Huge Pharma.

Creating the world's largest drugmaker—and paving the way for higher pharmaceutical prices—Viagra-maker Pfizer Inc. and Allergan PLC, which manufactures Botox, said Monday that they would merge in a so-called inversion deal worth up to about $155 billion.


#3

a rhetorical riddle me this: What do you make big and hard, together with facades inflated with toxins to hide age and put them together to infantilize delusions to screw the economies and peoples of Ireland and the US?


#4

Note also that in addition to the too-big-to-fail banks, recent mergers and acquisitions in pharma and insurance are creating more too-big-to-fail corporations that will result in Congress diverting more taxpayers' money from "domestic" programs and into unprecedented multi trillion dollar bail outs.


#5

Great. More mergers. I had minor stroke in September. Still can't drive. Now on 6 different cholesterol/high blood pressure meds. WE NEED SINGLE PAYER


#6

Along with the necessary stoppage of the selling of patten drugs-- the research which is being publicly funded-- to Big Pharma. Let them go back to being simple manufacturing plants. But, better still socialize medicine.


#9

Action: Two large pharmaceutical companies merge.
Result #1: Many life-saving prescription drugs from the merged companies will undoubtedly increase due to their near-monopoly on those life-saving drugs.
Result #2: People will die because they cannot afford to buy the life-saving prescription drugs.

Action: The passage of TPP will increase the number of years that prescription drugs will be protected under patents.
Result #1: The merged companies will be able to charge grossly over-inflated prices for their prescription drugs for a longer period of time.
Result #2: People will die because they cannot afford to buy the life-saving prescription drugs.

Capitalism kills.


#10

“The first truth is that the liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is fascism -- ownership of government by an individual, by a group, or by any other controlling private power.... Among us today a concentration of private power without equal in history is growing.” FDR

Our politicians have sold-out the (purported) promise of America. For a pocket-full of silver they give control over our lives to greed and self-interest.

Universal health care in the US with a not-for-profit single-payer is essential.

Government - of, by and FOR the people - not corrupted to the profit-only motive of mega-corporations, like this merger of big-pharma giants, is essential to rein-in obscene costs and provide health care for all.

Many more doctors, nurses and technicians educated by not-for-profit universities and not in it for the money are essential to care for the people at affordable costs - the Cuban health system and doctor training is such a model.


#11

Well laid out.


#12

Monopoly is the "name of the game". Ever check your cable bill? Somewhere down in the long list of things is the "Franchise Fee", which is the monthly payment (bribe?) that the cable company is paying your local government to insure that they have a legal monopoly over any other cable company that might like to enter your locality. I live in a very small city (population 3800) where there are likely about one thousand cable users. (one per household). The current fee is $3.95. Which means that my city government is getting about $4,000 a month for effectively doing "nothing". However, that "nothing" means that the cable company is free to charge "more" and give interior "service" because the consumer has effectively little "choice" in the issue. Of course, this being the "United Capitalist States of America", where the government exists (alt all levels) to serve the "interests" of our monopolists, nothing can be done about it...


#13

It's not that recent. "Too big to fail" was not just about Watt St. financial houses. Remember, Obama in 2008 gave his reason for not going with single payer: he felt "it would be too disruptive." Of what? The health insurance industry, for starters. (Just in case anyone thinks he was really concerned about equal access to healthcare.)


#14

During a network TV interview on September 9, 2009 admonishing Murkins to stop pushing for the "public option" Obama was even more explicit, saying "healthcare reform must preserve insurance company profits".

Obama's secret meeting with pharma lobbyist Billy Tauzin during his first week in office insured that pharma's profits would not just be preserved, Obama's ACA would handsomely enhance pharma profits.


#15

And these are the people, who despite all the problems with their prescription and over-the counter-drugs, we choose to trust completely when it comes to manufacturing and marketing millions of doses of vaccines, and medical Cannabis?


#16

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