The ridiculous pricing of pharmaceuticals in the U.S.

I just wrote this letter to my two senators and my representative, and I hope you'll do the same:Dear ________,I practice Emergency Medicine at Hennepin County Medical Center. We have been very adversely affected by the sudden increase in prices of many necessary and previously affordable generic drugs.One example is nitroprusside (brand name Nitropress), which is essential for lowering critically elevated blood pressure. The drug has become unaffordable because Valeant Pharmaceuticals bought the drug and suddenly raised the prices exorbitantly. This company has done the same for many drugs, and other companies have done the same for many others.The only reason this is possible is that the U.S. does not regulate drug prices as all other countries do. Valeant, it turns out, has not only raised all prices, some by as much as 2000%, as in the case of Cuprimine, a treatment for Wilson's disease for which they now charge $36,000 per month (!), but they have also changed their corporate headquarters and outsourced all their employees.After acquiring 3 companies, they fired 750 of 790 employees at Medicis Pharm (one acquisition), 3000 of 4100 at Bausch and Lomb, and 420 of 977 at Salix. See references at bottom.So we in the U.S. have to pay exorbitant prices for drugs while all the work to produce them is outsourced to other countries, AND they changed their headquarters to Canada so that rather than paying 35% in taxes, they now pay 3.3%.And our patients all suffer, as do our hospi...
Source: Dr. Smith's ECG Blog - Category: Cardiology Authors: Source Type: blogs