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Breaking Points with Krystal and Saagar
01/31/23: Debt Ceiling Fight, Elizabeth Warren Vs. Kamala, DeSantis Campaign, Big Pharma Corruption, CNN Ratings PLUMMET, Used Car Market & MORE!
Jan 31, 2023
01:23:23
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Debt ceiling standoff, Elizabeth Warren endorses Biden but not Kamala, DeSantis campaign takes shape, Big Pharma corruption, CNN ratings plummet, used car market decline, updates on Ukraine, and Mr. Beast's impact on curing blindness.
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Quick takeaways
- Manipulating the patent system, delaying competition, and raising drug prices highlights the need for pharmaceutical industry reform.
- The case of Humira exemplifies how profits are prioritized over patient access and affordability, leading to financial hardship and limited healthcare options.
Deep dives
Gaming the Patent System: How a Drug Company Made $114 Billion
A drug company used legal tactics to delay competition for its blockbuster drug, Humira, resulting in billions of dollars in profits. The company manipulated the patent system by building intellectual property protection and suing potential competitors, even when they knew they would eventually lose the lawsuits. This allowed them to extend their monopoly and continue raising the price of the drug, which now costs $80,000 per year. The human cost is significant, with patients struggling to afford the medication and experiencing delays in accessing cheaper alternatives. This case highlights the flaws in the pharmaceutical industry and the need for reform.
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