Fast-Growing Leeches
Why is it that so many continue to believe the propaganda of the oil companies, the drug companies, and the insurance companies when 1) they tell us that times are hard and they can barely make any profit; and 2) they post incredible profits and are the fastest growing industries?
BusinessWeek in a recent cover article listed their annual ranking of the 50 fastest growing corporations. But they failed drawing any conclusions from the fact that after Apple Computer landed in the number one spot, the computer maker was followed by three companies that make all their money on administering drugs and healthcare to sick Americans; WellPoint, the nation's biggest health insurer, Caremark Rx, one of the largest pharmacy benefits managers (a company that manages prescriptions for patients and pharmacies), and UnitedHealth Group which provides health insurance and other services to 65 million Americans. Guess who is paying for their growth?
[Dr. Peter Rost, "Universal Healthcare Passes in Massachusetts", The Huffington Post, 6 April 2006.]
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To thwart spam, comments by new people are held for moderation; give me a bit of time and your comment will show up.
I welcome comments -- even dissent -- but I will delete without notice irrelevant, rude, psychotic, or incomprehensible comments, particularly those that I deem homophobic, unless they are amusing. The same goes for commercial comments and trackbacks. Sorry, but it's my blog and my decisions are final.
on Thursday, 6 April 2006 at 22.43
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I just heard on the radio yesterday that the insurance industry, despite years of increased storms and increasingly severe storm damage, including Katrina, posted a $44 billion in profits — a substantial increase.
The secret of their success is simple: they're just charging more, not only to ensure a healthy profit despite plenty of big payouts, but also in anticipation of things getting much worse going forward.
on Friday, 26 May 2006 at 16.10
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I applaud your blog; I took zyprexa which was ineffective for my condition and gave me diabetes.
{Only 9 percent of adult Americans think the pharmaceutical industry can be trusted right around the same rating as big tobacco}
Zyprexa, which is used for the treatment of psychiatric disorders, such as schizophrenia and bipolar disorder, accounted for 32% of Eli Lilly's $14.6 billion revenue last year.
Zyprexa has been linked to causing diabetes and pancreatitis.
Did you know that Lilly made nearly $3 billion last year on diabetic meds, Actos,Humulin and Byetta?
Yes! They sell a drug that causes diabetes and then turn a profit on the drugs that treat the condition that they caused in the first place!
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Daniel Haszard http://www.zyprexa-victims.com