Profits Over People - by Pharmaceutical Giant - GlaxoSmithKline

2 posts / 0 new

One giant pharmaceutical company just got busted for putting profits ahead of peoples’ lives. In the largest healthcare fraud settlement in U.S. history, British drug maker GlaxoSmithKline was slapped with $3 billion in fines after pleading guilty to a number of criminal and civil violations related to 10 drugs the company produces that are taken by millions of Americans.

The company illegally promoted the use of anti-depressants like Paxil and Wellbutrin for unapproved uses. It also failed to report safety problems with its drug Avandia after it was discovered it could substantially increase the risk of heart attacks. On top of that, the company defrauded taxpayers by over-charging the Medicaid programs for drugs – and routinely gave kickbacks to doctors who prescribed their medicine.

Glaxo’s CEO apologized for the crimes and claimed his company learn from their mistakes. But how long until the American people learn that profiteers and hucksters have no place in our nation’s healthcare system?

Thom Hartmann Administrator's picture
Thom Hartmann A...
Joined:
Dec. 29, 2009 10:59 am

Comments

Strange-if a person is convicted of a crime with a gun-they are not allowed to own a gun again. Yet, these big corporations-defense and pharmaceutical-are found guilty of illegal activities or fraud and they are allowed to get more govt contracts.

DynoDon
Joined:
Jun. 29, 2012 10:24 am

Currently Chatting

Bernie Sanders Could be the Next FDR

Tuesday night, I appeared on the Last Word with Lawrence O’Donnell to talk about Elizabeth Warren, the rise of progressives within the Democratic Party, and what this means for Bernie Sanders’ presidential campaign.

At one point in our discussion, the conversation turned to whether Bernie represents the closest thing to an Elizabeth Warren candidacy.

Powered by Drupal, an open source content management system