re: Is the Healthcare/Pharma industry a giant scam?

Pricing has gotten way out of control. The Wall Street bankers are partly to blame as they snap up lucrative patents and generic drug companies placing them in shell companies knowing that the government or health care providers will pay anything for drugs.

One push has been to reformulate old drugs with a new ingredients and slapping a new name with a new patent even though taking 2 generics will do the same.

Someone posted this about cancer.

Why cure cancer, when millions more can be made treating it for the rest of a patient’s life.

Essentially, the same is now filtering to other chronic diseases like diabetes, high blood pressure, heart disease, HIV, and others.