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Ah, I love Bernie! Would like to move to his state to vote for him.
Anyway, he's the chair of the Senate Committee on Health, Education, Labor and Pensions. And he called in the CEOs of: Merck, Johnson & Johnson, and Bristol Meyers.
The pharmacy manufacturers like to claim that it's the pharmacy benefit manager middlemen that make drugs so expensive, along with the cost of R&D. Well, not so fast!
Seems that a Senate investigation turned out that they are spending more on executive enrichment and stock buybacks than R&D!
LUCY! You have some 'splainin' to do!
https://arstechnica.com/science/2024/02/big-pharma-spends-billions-more-on-executives-and-stockholders-than-on-rd/
Anyway, he's the chair of the Senate Committee on Health, Education, Labor and Pensions. And he called in the CEOs of: Merck, Johnson & Johnson, and Bristol Meyers.
The pharmacy manufacturers like to claim that it's the pharmacy benefit manager middlemen that make drugs so expensive, along with the cost of R&D. Well, not so fast!
Seems that a Senate investigation turned out that they are spending more on executive enrichment and stock buybacks than R&D!
LUCY! You have some 'splainin' to do!
https://arstechnica.com/science/2024/02/big-pharma-spends-billions-more-on-executives-and-stockholders-than-on-rd/
