The Food and Drug Administration and the National Institutes of Health allow clinical trial sponsors to keep their results secret and escape from paying more than $10 billion dollars in fines since the law was enacted in 2007 requiring disclosure of results. Those who conduct clinical trials are required to record results within one year of trial completion on the NIH’s website ClinicalTrials.gov. Physicians and patients rely on trial results to see whether new treatments are safe and effective. Collect the $10 billion now and stop funding non-compliant trial sponsors.
50% of the money spent on brand name medicines in 2018 went to hospitals, health insurers, pharmacy benefit managers, the government, and others – increasing from $24.7 billion to $48.6 billion between 2013 and 2018.
The tables below show: the Ten Most Costly Drugs in 2017 for Medicare Part D (Outpatient Prescriptions) and the Ten Most Costly Drugs in 2017 for Medicare Part B (Physician Administered Drugs); drug efficacy as determined by Cochrane Reviews, and comparative global prices obtained from internet sites. The patient and taxpayer pay for these drugs. If they are beneficial, we should use similar or identical drugs from other countries that cost significantly less.
Americans have lost pharmaceutical jobs, pay higher prescription drug prices, the American trade deficit grows costing the American taxpayer more money, and Americans continue to greatly subsidize Big Pharma.
43 states are suing 20 Big Pharma companies, 11 of which are in New Jersey, for price-fixing conspiracy accounting for billions of dollars profit in the United States.