Big Pharma to bankrupt Medicaid with outrageous prices on new ‘wonder drug’
by: Jonathan Benson
NaturalNews.com
Monday, August 11, 2014
The pharmaceutical industry is salivating over the prospect of milking the Medicaid system dry, now that Obamacare has expanded medical coverage to millions of low-income individuals who require expensive drug treatments for serious health conditions. New reports indicate that so-called “wonder drugs” are now being intentionally released, some that cost tens of thousands of dollars per month, that threaten to completely bankrupt state healthcare systems and put taxpayers out to pasture.
A new drug for hepatitis C known as Sovaldi, for instance, has gained national attention after it got out that the drug costs a whopping $84,000 per patient for a 12-week course. According to The Washington Post (WP), the drug was strategically released at the same time that Affordable Care Act (ACA) provisions dramatically expanded both private and Medicaid coverage for such drugs, representing significant market expansion potential for the drug industry since millions of people who previously couldn’t afford treatment will now be granted coverage off the backs of taxpayers.
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