Bernie Sanders
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Podcast Appearances
Look, you've got a pharmaceutical industry that made $100 billion in profit last year. We had a guy before the committee, CEO of a major company, makes 50 million bucks a year. They do stock buybacks.
Look, you've got a pharmaceutical industry that made $100 billion in profit last year. We had a guy before the committee, CEO of a major company, makes 50 million bucks a year. They do stock buybacks.
Look, you've got a pharmaceutical industry that made $100 billion in profit last year. We had a guy before the committee, CEO of a major company, makes 50 million bucks a year. They do stock buybacks.
So, you know, it is a, meanwhile, the same medicine that you buy in this country, whether it's Ozempic or Wegovy, whatever it may be, is in some cases five, eight times more expensive than it is in Canada or in Europe. It's insane. It is insane. Of course it's insane. And they do it because they can do it. Because we are the only—you know why they do it? All right. Question.
So, you know, it is a, meanwhile, the same medicine that you buy in this country, whether it's Ozempic or Wegovy, whatever it may be, is in some cases five, eight times more expensive than it is in Canada or in Europe. It's insane. It is insane. Of course it's insane. And they do it because they can do it. Because we are the only—you know why they do it? All right. Question.
So, you know, it is a, meanwhile, the same medicine that you buy in this country, whether it's Ozempic or Wegovy, whatever it may be, is in some cases five, eight times more expensive than it is in Canada or in Europe. It's insane. It is insane. Of course it's insane. And they do it because they can do it. Because we are the only—you know why they do it? All right. Question.
15,000. 1,500. All right. So you got 535 members of Congress, 1500. These are former leaders. So that's a lot of power. And then the campaign contributions. So up until Biden, and I work with Biden on this, we have never, what other countries do is say, good, you got a drug. That's great. Let's negotiate the price you're going to charge us, right?
15,000. 1,500. All right. So you got 535 members of Congress, 1500. These are former leaders. So that's a lot of power. And then the campaign contributions. So up until Biden, and I work with Biden on this, we have never, what other countries do is say, good, you got a drug. That's great. Let's negotiate the price you're going to charge us, right?
15,000. 1,500. All right. So you got 535 members of Congress, 1500. These are former leaders. So that's a lot of power. And then the campaign contributions. So up until Biden, and I work with Biden on this, we have never, what other countries do is say, good, you got a drug. That's great. Let's negotiate the price you're going to charge us, right?
That's what they do, every other country on earth. For us, you got a drug, you charge any price you want, doesn't matter. For the first time, what we did is now have a law that says we are going to negotiate, Medicare will negotiate drug prices. We started off with 10, it'll be expanding. Is it enough? No. Is it a start? Yes, it is.
That's what they do, every other country on earth. For us, you got a drug, you charge any price you want, doesn't matter. For the first time, what we did is now have a law that says we are going to negotiate, Medicare will negotiate drug prices. We started off with 10, it'll be expanding. Is it enough? No. Is it a start? Yes, it is.
That's what they do, every other country on earth. For us, you got a drug, you charge any price you want, doesn't matter. For the first time, what we did is now have a law that says we are going to negotiate, Medicare will negotiate drug prices. We started off with 10, it'll be expanding. Is it enough? No. Is it a start? Yes, it is.
I don't look at it like that, but I'll tell you where it becomes not funny. is there are kids around the world who die from easily preventable diseases. And these drugs cost, you know, once you do the research, which is expensive, and the development, which is expensive. But once you have the product, it sometimes costs you a few cents to manufacture the drug, you know?
I don't look at it like that, but I'll tell you where it becomes not funny. is there are kids around the world who die from easily preventable diseases. And these drugs cost, you know, once you do the research, which is expensive, and the development, which is expensive. But once you have the product, it sometimes costs you a few cents to manufacture the drug, you know?
I don't look at it like that, but I'll tell you where it becomes not funny. is there are kids around the world who die from easily preventable diseases. And these drugs cost, you know, once you do the research, which is expensive, and the development, which is expensive. But once you have the product, it sometimes costs you a few cents to manufacture the drug, you know?
And there are children around the world who die you know, in Africa and Asia from preventable diseases because these drug companies are charging prices that those countries can't afford. And that is, so you talk about, then you talk about humanity, whether we let kids die. For profit. It's excessive.
And there are children around the world who die you know, in Africa and Asia from preventable diseases because these drug companies are charging prices that those countries can't afford. And that is, so you talk about, then you talk about humanity, whether we let kids die. For profit. It's excessive.
And there are children around the world who die you know, in Africa and Asia from preventable diseases because these drug companies are charging prices that those countries can't afford. And that is, so you talk about, then you talk about humanity, whether we let kids die. For profit. It's excessive.
This is what it means. I represent, you know, Mr. X represents a large corporation. We'd love to sit down with you and your staff. We sat with the staff to talk about the problems that we have. These are our needs. And by the way, we've got a great—the company has great staff. We can write legislation, help you write, because we know how busy you are. Oh, wow.
This is what it means. I represent, you know, Mr. X represents a large corporation. We'd love to sit down with you and your staff. We sat with the staff to talk about the problems that we have. These are our needs. And by the way, we've got a great—the company has great staff. We can write legislation, help you write, because we know how busy you are. Oh, wow.