Organized Money cover image

Organized Money

The great American drug shortage isn't an accidient, its artificial

Dec 3, 2024
39:43

The Great American Drug Shortage isn't an accident - it's by design. In this eye-opening episode, we expose how three powerful drug distributors seized control of 90% of America's pharmaceutical supply chain, creating an artificial crisis that puts profits over patients.

Behind the scenes, shadowy middlemen have turned the generic drug market into a losing game for manufacturers, leading to dangerous shortages of life-saving medications. Rather than delivering on free market promises of innovation and competition, this system produces something far more sinister: price-gouging, monopoly control, and manufactured scarcity.

Our guide through this pharmaceutical maze is Tim Ward, president and chief legal officer of Hercules, an independent pharmaceutical wholesaler fighting to survive against industry giants. Ward offers an insider's view of how a handful of corporations gained the power to determine which medications Americans can—and can't—access.

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner