May 22, 2017
Pharmaceutical companies increased the prices of prescription drugs about 10% per year over the last seven years, according to a study by the national Blue Cross Blue Shield Association. Neither the Affordable Care Act nor Trump’s American Health Care Act does anything to rein in these skyrocketing prices and the profits to the drug companies that come from them.
Blue Cross has its own interests at heart when it publicizes these outrageous hikes, but there are other sources of profit built into the medical industry, along with high salaries to executives of “non-profit” insurance companies that act as conduits for passing profits on to other corporations and banks. It all contributes to the U.S. medical system being extremely expensive, resulting in relatively poor health outcomes compared with most other industrialized countries.
The answer? Take profit out of health care!