Friday, September 30, 2011 by Dr. Julian Whitaker
The large drug companies are cash cows, with a profit margin of about 20 percent–compared to the 8 percent average across all industries.Earlier this year, our government decided to give taxpayer money, lots of money, to Big Pharma. As reported in The New York Times, due to concerns over “the slowing pace of new drugs coming out of the pharmaceutical industry…officials have decided to start a billion-dollar government drug development center to help create medicines.”
Let’s get some facts on the table, including the six things Big Pharma doesn’t want you to know…
1. The large drug companies are cash cows. According to Fortune 500 rankings, their mean profit margin is about 20 percent, compared to an 8 percent average across all industries.
2. The pharmaceutical industry makes the most dangerous products on the planet. Prescription meds are our fourth leading cause of death, and some of them have unthinkable side effects. Psychiatric drugs, for instance, have been linked to countless suicides, school shootings, and other bizarre acts of violence, such as mothers killing their own children.
3. These companies have limited liability for damages caused by their products. For example, if your child develops autism after receiving dozens of required inoculations, you’ll have to sue the federal government, which has agreed to shoulder vaccine-related liability—with taxpayer money.