(America's most profitable industry.)
#1 Mark-ups
Xanax is marked up 569,958% from the cost of its active ingredients. It's an extreme example, but it is by no means an exception: Most pharmaceutical companies mark-up the price of their drugs by an extraordinary amount.
#2 12% per year
In America, the cost of prescription drugs rises by 12% each year. That comes out to about $200 billion every year. If you need prescription drugs, we hope your pockets are growing deeper!
In America, the cost of prescription drugs rises by 12% each year. That comes out to about $200 billion every year. If you need prescription drugs, we hope your pockets are growing deeper!
#3 Seniors
90% of senior citizens take daily prescriptions costing them $1,500 per year, and 1 in 4 skip doses to reduce their cost. It's pretty jarring when a company's desire for higher profits can put an individual at risk.
#4 It's the most profitable industry
Every year since 1982, the pharmaceutical industry has been the most profitable. In fact, it has averaged 3 times the return on revenue more than the average return from any other industry represented in the global Fortune 500.