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Forum Post: Pharmaceutical giant fraudulently puts Profits Over People

Posted 12 years ago on July 5, 2012, 4:13 p.m. EST by HempTwister (667) from Little Rock, AR
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From Thom Hartmann

One giant pharmaceutical company just got busted for putting profits ahead of peoples' lives. In the largest healthcare fraud settlement in U.S. history, British drug maker GlaxoSmithKline was slapped with $3 billion in fines after pleading guilty to a number of criminal and civil violations related to 10 drugs the company produces that are taken by millions of Americans.

The company illegally promoted the use of anti-depressants like Paxil and Wellbutrin for unapproved uses. It also failed to report safety problems with its drug Avandia after it was discovered it could substantially increase the risk of heart attacks. On top of that, the company defrauded taxpayers by over-charging the Medicaid programs for drugs - and routinely gave kickbacks to doctors who prescribed their medicine.

Glaxo's CEO apologized for the crimes and claimed his company learn from their mistakes. But how long until the American people learn that profiteers and hucksters have no place in our nation's healthcare system?




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[-] 2 points by HempTwister (667) from Little Rock, AR 12 years ago

"$3 billion in fines" And we get a huge chunk of that.

[-] 2 points by HempTwister (667) from Little Rock, AR 12 years ago

One of our Occupiers worked on this case.

[-] 1 points by VQkag2 (16478) 12 years ago

One example of many, where corps exploit and abuse the public, and the public trust. Another reason they should be punished with high taxes.