and the industry are all in big pharma are almost synonymous and i do think conflicts of interest if they were removed would make a huge difference in the transom or room in that once the the danger with the direct to consumer advertising is a lot of the drugs should not have even better because they're dangerous and one of course is the the a.d.h. to talk them all the cancer on. this is a fairly good example that martha thanks so much for being with us tonight well thank you so much i enjoyed it very much thank you and a great article great research are doing now thank you now everything you know about big pharma and the marketing of designer drugs is right almost. with the global backlash against corporatism picking up steam the one percent has something up their sleeves to keep power it's called americans elect americans elect runs a website where and it intends to let its members or delegates as they're called elect a third party candidate by voting online it takes three million signatures to get on the ballot all fifty states and so far americans elect has over two million signa

as main lobbying group why did bill big pharma like tauzin and his poison pills so much because the pill prevents the federal government from negotiating for lower prescription drug prices with the pharmaceutical industry have means drug drug companies can jack up the price of their medication for medicare recipients and the government can't do a damn thing about it except foot the bill for the overpriced medication it was essentially a massive giveaway to drug companies for which talent was well rewarded and a poison pill for the long term fiscal stability of the medicare program the bill came with a price tag of nearly four hundred billion dollars and not one republican demanded that it be paid for it would just go right on to medicare's balance sheet the medicare chief actuary at the time a guy named richard foster knew that the poison pill law was far more expensive than four hundred billion dollars he knew it was more than five hundred billion dollars even but he was. told by medicare boss tom scully to keep the real price of it under wraps if he wanted to keep his job in the b

include dry mouth insomnia sexual side effects diarrhea nausea and sleepiness the critics also say big pharma uses its financial muscle to provide doctors with gives cash kickbacks and research funding in exchange for endorsing or prescribe big the latest and most lucrative drugs what you have is a whole network of doctors who are hustling these drugs if a patient comes in with a knee injury and says i'm so sad oh are you depressed hey write a prescription they're given out like him and then last year her scription drug abuse became the number one cause of accidental death with more than thirty thousand americans overdosing blood sugar has been reported missing and medicines like it and in extreme cases can lead to calm the number of children consuming anti-psychotic medication doubled in the past decade millions of american adolescents are taking drugs like adderall doled out by doctors to treat hyperactivity only. drugs are very very similar to illicit are illegal drugs are dangerous now one is a little safer but you should note sure pfizer america's most profitable pharmaceutical company m

dr harriet fraud believes big pharma has manufactured a climate of insanity by manipulating and even creating illness for capital gains the advertising strategy is to have the eggs. and then find wiggle room so that they apply to everybody prescription nexium the u.s. is the only western country that allows direct to consumer advertising of prescription drugs this ad for attention deficit hyperactivity disorder warns that untreated patients will likely end up divorced and this commercial for so loft promises to make you happier but side effects may include dry mouth insomnia sexual side effects diarrhea nausea and sleepiness critics also say big pharma uses its financial muscle to ply doctors with gives cash kickbacks and research funding in exchange for endorsing or per scribing the latest and most lucrative drugs what you have is a whole network of doctors who are hustling these drugs if a patient comes in with a knee injury and says i'm so sad oh are you depressed hey write a prescription they're given out like him and then last year per scription drug abuse became the number one

the needle so what do they could doctors do they stop buying the generic drugs they went to the big pharma companies and said it was the expensive stuff after all why if you can make six percent why make six percent off a drug that costs a few hundred dollars a dose and you can make six percent of the drug because a few thousand dollars of this sort of man for the cheaper generics collapsed and the drug companies stop making it so now this is shortages in generic cancer drugs because the oncologist student get the memo that saving people's lives comes first having a vacation home in the bahamas come second pharmaceutical companies also got in on the screen whenever the patent on one of their designer drugs is about to expire they slow down their production line or they hoard their inventory so there's a shortage just in time for their new super expensive replacement designer drug to come up if you have a kid or know somebody with a d h d for example you've seen this played out as a decade ago the ritalin shortage now is an added role shortage thanks to all these schemes run by doctors phar

defined politically and that's being defined because politicians are having to dance to the tune of big pharma and you know i mean jernigan sure i mean it hasn't and you know clearly the fact that we didn't even come close to a single payer or even the many public option in the bill is very much related to the health insurance companies in america. by the way we see the. massachusetts i guess has a preexisting waiver because they have romney care for model is trying to get a waiver montana i believe it is trying to get a waiver now so why you had one so they can do single payer and i'm not familiar with the why and system but. does it look like that's going to happen is that maybe a first step or will this this evergreen project that you're working on we're obviate the need for that we're hoping that there i mean not to sound selfish. or organizationally aggrandizing but we certainly hope that the way but we're told when i think we'll talk about the way we're planning on doing the co-op is exactly the way it is exactly that don't approach try something at the regional state level and get babbi

in nelson's 12 years in the senate, he voted for the bush tax cuts, the iraq war, and big pharma. in 2003, nelson was the deciding vote on the second round of the bush tax cuts. how'd they work out? in return what did nebraska get? nebraska got millions of dollars in moemland security money. was it a sellout? you be the judge. nelson is one of the only democrats to sign on to grover norquist anti-tax pledge. who does he caucus with? the democrats? the bottom line is nelson hatz done everything in his power to water down financial reform. he voted against the president's jobs bill time and time again. and nelson was really a road block to the public option in health care. i used to call him and i still do, senate mutual of omaha. he always protected his buddies in the insurance industry and voted the way they wanted him to. nelson's retirement will make it harder for the democrats to hold on to the senate, but the real democrats will never miss this guy. but here's the thing. i believe that democrats can win anywhere, even in nebraska. nebraska folks, maybe you should ask yourself

progressive piece of policy on health care refo reform -- the first thing he did was cut a deal with big pharma, cut a deal with big hospitals, behind the scenes, not telling anybody, and then the third thing he did was cut a deal with big insurance companies. and while they were claiming that they were taking down insurance companies, they were giving insurance companies exactly what they wanted. they were forcing people to buy their product with no cost containment. and so, yeah, why are they on wall street? why aren't they on k street? why aren't they outside the white house? why aren't they outside of congress? because that's where wall street is given the rules to run? >> why? there are a lot of mystifying things that have happened behind the scenes. why on the mortgage crisis, which is the biggest obstacle to the economy, why haven't they done the same thing with the big banks that they did with big pharma? you know, bring them down, cut a deal. cut a deal. >> yeah. >> why have they allowed this litigation to explode? state after state after state which is going to result in the mortgage

they allow the funds to be spent in countries where it works on big pharma and the generic ones if they have been cleared by the fda. if you went to them and said we understand this is a whole economic picture, but we've understand you have to get certain revenues in the countries that are able to pay to make the economics of what you do in africa and elsewhere were, but for the next two years, every state in the united states is on a balanced budget. they are cutting back wherever they can and they're making life for death decisions based on too few dollars for many demands. help us figure out how to this and then, after two years, i think the economy will be stronger and the health-care reimbursement system will be different. even if you could do it for a year, it would make a huge difference. these states are in desperate shape and they do not like doing this. but if you look at some of the other decisions, they are agonizing and a place terrible dilemmas. to jammend we don't try this through or get around big pharmaceutical companies. hiding we should ask for their support of this p

that is, pepfar allows the funds to be spent in countries where it works on both the big pharma arvs and the generic once it had been cleared by the fda. so i think if you want to them and said to look, we understand that this is a whole economic picture for you. we understand that you have to get certain revenues in the countries that are better able to pay, like the united states, to make the economics of what you do in africa and elsewhere work. but for the next two years, every state in the united states is on a balanced budget. some of these programs requires state matching funds. they are cutting back wherever they can, and they are really making life or death decisions based on too many dollars were too many demands. so help us figure out how to do this for two years. you know, and then after two years i think, number one, the economy will be stronger. number two, the health care reimbursement system will be different. even if you could do it for a you would make a huge difference to a lot of these states are in desperate shape, and they don't like doing this. but if you look

he did all the deals behind the scenes before he even moved forward, the big pharma and the big hospitalsich is one of the great ironies. >> one of the great ironies. but the key thing that you just said, the underlying thing that goes back to bush is the word sacrifice. since 9/11 to this very moment, neither president bush nor obama has asked the american people to sacrifice. after 9/11 we were told to go back to the mall, go shopping, don't worry, we've got it in control here. the president comes in like you were saying on the mall that day, big ideas, big dreams, we're going to move the country forward, now is the time for change, we weren't part of the change. don't worry, we got this, you guys go on with your lives. now you're coming back and saying you want to raise my taxes, do this to the rich. all this stuff saying, wait a minute, you're now asking me to put in? with what? i have no job. >> simpson and bowles did an op-ed piece a month ago. they said the bigger we made the plan, the more people we got. and then we started to shrink it, people -- >> and then they included a gas t

. >> there are investors out there who think big pharma r d model is broken, a company like merck can'toductively invest $8 billion in a way that will get a decent return. is that part of the message you are hearing from the market? >> i do hear that from some investors. let me just say is that if we were seeing here, four years ago in 2007, merck would have been at the tail end of introducing eight important new products including cervical cancer vaccines or type ii diabetes or hiv. at that time no one was saying you shouldn't invest. the problem with r and d is it is not always consistent. it is not like engineering where you can incrementally innovate and make another version of the iphone. we are trying to do something -- we have to reinvent ourselves every ten years. we have to come up with a completely new compound that works as targeted for different patient population, provides benefits in terms of medical needs. that doesn't happen regularly. it happens up and down. if you look in the past there have been other shallow periods but over the long term, science has always made pro

. >> there are clearly people out there who think the big farmout are in the model is broken. -- pharma r &d model is broken. they cannot invest that much money in a way that can get a decent return. is that a message to hear from the market? "i think i do hear that from some investors. i would back up and say that if we were sitting here four years ago in 2007, merck would have been introducing eight new important products including the are cervical cancer or her -- cervical cancer vaccine. at that time nobody was saying you should not invest in r&d. the problem is it is not always consistent. it is not like engineering where you can incrementally innovate and make another version of the iphone purity iphone for and to the iphone 5. -- we are trying to do something and come up with a completely new molecule that will work with a different molecular targets and it provides some benefits in terms of medical needs. that does not happen regularly. it happens up and down. if you look in the past, there have been other periods for our north dakota. in the long term, --other periods for r &d.