The Continuing Danger From Progressive's Faulty Excess Profit Allegations
Forbes | Wayne Winegarden
May 15, 2023
During a May 11 th meeting of the Senate Health, Education, Labor and Pensions (HELP) committee, Sen. Sanders derided the profits of the U.S. pharmaceutical industry claiming, “Let’s not be naïve. The drug companies last year made $100 billion in profit. … Drug companies tell us that that money goes to research and development. More money went into stock buybacks, significantly more than research and development.”
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