RAGE
America is beginning to wake up regarding their outrageous and ridiculous health "care" system but, for those who still have their doubts, please read on;
The current CEO of Valeant Pharmaceuticals, J. Michael Pearson, actually went on record as explaining that, "if products are sort of mispriced and there’s an opportunity, we will act appropriately in terms of doing what I assume our shareholders would like us to do.”
What that means, in layman terms, is they are not concerned with what is best for the actual people who are sick. Rather, his concern is with the companies share holders who are concerned with profit.
So far this year Valeant has hiked the price of 56 of their drugs, by an average of 66 percent!
In an interview with CNBC, a defensive Pearson advocated his business practices of acquiring more drugs to profit from instead of investing in research and development;
“My primary responsibility is to Valeant shareholders. We can do anything we want to do. We will continue to make acquisitions, we will continue to move forward.”Valeant apointed Pearson as CEO in 2008 and since then the company has gone on to acquire more than 100 drugs which has bumped up their stock prices by more than 1,000 percent! The man is undoubtedly good at business and horrible at being a decent human being. This is essentially what is wrong with big pharma, and the system at large. Criminal and immoral behavior is honored, while ethics and morals are often degraded.
You can learn more about what's going on in the video below;
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