WTF Moments:
- The pharmaceutical and health product industry is by far the biggest spender in terms of lobbying American politicians. Collectively they have spent more than $3.1 billion dollars attempting to influence our elected lawmakers- I wonder what their expense reports look like...
- 9 out of 10 pharmaceutical companies spend more than twice as much on marketing and advertising than research and development.
- In extreme cases, pharmaceutical companies have raised their prices over 1,000% - In 2015, Valeant Pharmaceuticals raised the price of their drug Daraprim over 5,000%.
- Halitosis was invented by Listerine. The son of the owner came up with the plan in order to increase direct sales to consumers- they shamed you so hard. Have y’all seen these Listerine ads? They are amazing.
- According to TIME Magazine- The price of 60 prescription drugs doubled during a recent 12-month span, and prices for 20 of these medications at least quadrupled.
- Prescription drug spending hit $425 billion in the U.S. last year, before discounting, and the total is expected to reach $640 billion by 2020, according to data from IMS Health Incorporated.
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