Trump said he would stand up to the pharmaceutical industry and bring down the cost of prescription drugs. Instead, pharmaceutical companies continue to make record profits while Americans across the country struggle to get the life-saving care they need.
Drug companies’ stocks are on track to have their best quarter in five years after soaring to an all-time high last week.
CNBC: “The S&P 500 health-care sector has been on a tear in recent months, on track for its best quarter in five years and surging to an all-time high on Friday. Names such as Eli Lilly, Biogen and Pfizer are among the biggest winners in the last three months, with double-digit gains.”
Meanwhile, Americans continue to struggle to get the life-saving care they need due to rising prescription drug costs.
AARP: “In 2017, retail prices for 267 brand name prescription drugs widely used by older adults increased by an average of 8.4 percent. In contrast, the general inflation rate was 2.1 percent over the same period.” Continue reading “REAL STORIES: Americans Struggle With Rising Drug Costs As Pharma Companies Make Record Profits”