Health Care: the Only Booming US Industry

Much of our economic health at the moment is the result of the continuing growth of jobs in the health care sector, reports Business Week.

This might not seem like cause for concern, but as Paul Krugman points out, “the government pays directly or indirectly for more than half of the nation’s health care.� Add to the equation that medicine in the US is a for-profit industry that feeds on identifying and treating new diseases, not on preventing illness. The end result is that medicalization, including disease-mongering on the young, the old, and other vulnerable populations, is becoming the American way of life.

However, there are some signs of hope. A September 25, 2005 study in the New England Journal of Medicine identified how Medicaid programs could save $5.5 billion by using a generic antipsychotic medication instead of Zyprexa, the popular new drug on the market. In fact, the article points out that people experienced more side effects on Zyprexa than other drugs, and Zyprexa rated as only slightly more effective.

So as Rhode Island looks at ways to trim its Medicaid spending, perhaps it will consider putting the kabosh on the gravy train for Zyprexa.

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4 responses

  1. Now…Let’s be fair.

    The oil companies are doing pretty well too.

  2. The problem with the oil companies doing well is that all the accumulated wealth has accumulated to the top of the pyramid.

    Since 1970, total income (adjusted for population) has increased by 80%. However, median income has increased by 10%. Why the disparity? Because the rest of the increase in wealth has been accumulated by the top 10%, more to the top 1%, and more to the top 0.1%.

    This is why bush et al whine that they haven’t gotten “credit” for the fabulous economy. The economy is only fabulous for the upper reaches of the upper echelons.

    And remember: the tax cuts of 2001, 2002, AND 2003 were sold as job creators. Hasn’t happened, folks, as BusinessWeek is kind enough to point out. Ergo, the tax cuts were a way of giving the Soc Sec surplus to the wealthiest people in the country. That is, the money that is taken out of your paycheck is now in the pockets of the wealthy.

    Not a bad deal, is it?

  3. tAC cUTS FOR THE WEALTHY HAVE NEVER CREATED JOBS ABD CAPITAL GAINS TAXES HAVE NEVER CREATED JOBS BECAUSE THESE TWO TAX CUTS FOR THE WEALTHY NEVER PUT MORE MONEY IN CIRCULATION TO CREATE JOBS. IN 1951 BLUE COLLAR WORKERS AND MIDLLE CLASS AMERICANS PAID EITHER NO TAXES OR VERY LITTLE IN TAXES BECAUSE THE CORPORATION PAID AND THE MILLIONAIRES PAID MOST OF THE TAXES. MILLIONAIRES PAID AT A RATE AROUND 90% OF THEIR TAXABLE INCOME AND CORPORATIONS PAID AT A HIGH RATE COMPARED TODAY WHEN MILLIONAIRES ONLY PAY AT A RATE OF ABOUT 35% AND SOME BIG CORPORATIONS DO NOT PAY ANYTHING IN TAXES BECAUSE OF THE LOOPHOLES PUT INTO THE TAX CODE TO GIVE THEM A BREAK WHILE THE POOR AND MIIDDLE CLASS PAY MOST OF THE TAXES TODAY.

  4. I took zyprexa which was ineffective for my condition and gave me diabetes.

    Zyprexa, which is used for the treatment of psychiatric disorders, such as schizophrenia and bipolar disorder, accounted for 32% of Eli Lilly’s $14.6 billion revenue last year.

    Zyprexa is the product name for Olanzapine,it is Lilly’s top selling drug.It was approved by the FDA in 1996 ,an ‘atypical’ antipsychotic a newer class of drugs without the motor side effects of the older Thorazine.Zyprexa has been linked to causing diabetes and pancreatitis.

    Did you know that Lilly made nearly $3 billion last year on diabetic meds, Actos,Humulin and Byetta?

    Yes! They sell a drug that can cause diabetes and then turn a profit on the drugs that treat the condition that they may have caused in the first place!

    I was prescribed Zyprexa from 1996 until 2000.
    In early 2000 i was shocked to have an A1C test result of 13.9 (normal is 4-6) I have no history of diabetes in my family.
    —-
    Daniel Haszard http://www.zyprexa-victims.com

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