Politicians need to get Inside Pharma if they want to reduce the insane cost of drugs
No more big pharma smoke and mirrors...
Senators question three Big Pharma CEOs, with no impact
In the FiercePharma article PBMs take bulk of blame as senators question BMS, J&J and Merck CEOs on high drug prices in US, we hear:
“U.S., Health, Education, Labor and Pensions (HELP) committee chairman Bernie Sanders, I-Vermont, put the leaders on the defensive by citing their compensation and then referring to hundreds of needy cancer patients who had set up GoFundMe pages in hopes of collecting contributions to pay for their drugs. You made $52 million in total compensation in 2022,” Sanders said to Merck CEO Robert Davis. “Will you commit to not accepting a single dollar more in compensation until there is not a single GoFundMe page for Keytruda?”
Feel free to read entire article on the link above.
The point I am making here is that challenging the executive package of big pharma CEOs ain’t going to make a jot of difference to big pharma’s profit seeking behaviors.