I love this YouTube clip of John Oliver, The Daily Show alum and now host of his own HBO show, Last Week Tonight, in which he takes a humorous but scornful look at how Big Pharma markets drugs to doctors.
In 2013, we spent close to $330 billion on prescription medications; 70% of Americans take at least one prescription drug. As John Oliver quips,
Walter White could have made a lot more money if he was cooking up rheumatoid arthritis drugs.
He also points out that 9 out of 10 pharmaceutical companies spend more on marketing than on research and development. Last year $4 billion was spent marketing drugs to patients; $24 billion was spent marketing to doctors.
It’s an eye-opening piece if you are unaware of Big Pharma’s aggressive marketing tactics.
Want to know how much money (if any) your doctor gets from pharmaceutical companies? Check out Dollars for Docs on the ProPublica website.