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Big Pharma is The Biggest Tax Dodger in America

by Thom Hartmann posted May 24 2012 1:18PM
The pharmaceutical industry is the single biggest defrauder of Americans taxpayers in the country – surpassing the Defense Industry for the first time.  A new Public Citizen report finds that over the last twenty years the pharmaceutical industry has accounted for 25% of all violations of state and federal law when it comes to the False Claims Act.

Among the infractions include illegally promoting drugs for purposes not approved by the FDA – which is a criminal offense since it can lead to patients suffering serious illnesses – and even death.  Also the pharmaceutical industry routinely overcharged federal programs like Medicaid for their prescription drugs – bilking taxpayers out of billions of dollars.  Since 1991 – over 165 pharmaceutical settlements with state and federal governments has led to $19.8 billion in penalties.

According to Taxpayers Against Fraud – pharmaceutical companies are expected to pay out another $9 billion in fraud settlements this year.  This is the consequence of a for-profit health care system in America – drug companies who are supposed to be manufacturing products to help us live longer and be healthier – are ACTUALLY more focused on screwing us than our well-being.  It's time to join the rest of the developed world – create a non-profit healthcare system – and kick the money-changers out of our hospitals.

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05/24/2012 1:17PM
Big Pharma is The Biggest Tax Dodger in America
Please Enter Your Comments Below
05/26/2012 12:19PM
Social Business_Finance,Health_Medical_Pharma
The only step for us all who understand,is to get most of the REPUBLICANS FROM BOTH HOUSE AND SENATE out of office.The power is within our hands.Information,information,education,and some Civic lessons on what is all around us that some of us become complacent and lazy. Some of the people don't do research, every thing is right around us, the information is there, do you expect those who exploit and suppress us to give those tools? Hell! no, we are the ones to help each other. A Government in which the power is in the hands of a few, just think about that, its that serious, don't fall asleep my-we the people,its time for we the people to work for change,its not impossible the power is within our hands,start now to make changes in Local,State,County,Federal Governments,its our top take back,VOTE,VOTE,Thanks have a joyous and healthy life, with out the Republicans.
05/26/2012 12:26PM
health
Why don;t the Republicans agree to let us,we the people have the same Healthcare as They do have?
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