In 60 Seconds, Alexandria Ocasio-Cortez Exposes How Big Pharma Grifts US Taxpayers
Prescription drug prices in the United States are insane. It’s such an endemic problem that both Bernie Sanders and Donald Trump have vowed to address it, albeit in different ways. And as illustrated by Congressional superstar Alexandria Ocasio-Cortez (D-New York), those drug prices are paired with cheating taxpayers on research investments.
Ocasio-Cortez likened taxpayers to an early investor in pharmaceutical research through grants from the National Institutes of Health.
Aaron Kesselheim, associate professor of medicine at Harvard Medical School, explained responded to that comparison by explaining the NIH does not receive any licensing fees that would act as a “return” on that investment. Instead, the product of NIH research is just handed off to for-profit companies that then produce high-profit prescription medicine.