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Póg mo

Drug company gets rich off American tax payers

By Póg mo in Current Events and Hot Social Topics

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Póg mo   1,749

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The pharmaceutical industry has become a major health hazard to the American people.

Our nation pays - by far - the highest prices in the world for prescription drugs. As a result of these outrageous prices, nearly one in five Americans cannot afford to fill their prescriptions. Meanwhile, the five largest prescription drug companies made a combined $50 billion in profits last year. That is unacceptable. A lifesaving product does no one any good if a patient cannot buy the medicine they need, and that is now happening far too often in the richest nation in the world.

A new report out today from Americans for Tax Fairness explains how a pharmaceutical company, Gilead Sciences, games the system to charge high prices, shift profits offshore and avoid billions in U.S. taxes.

Continued on link...

http://m.huffpost.com/us/entry/10968542

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