In our society, there are many issues that we are all aware of and that we stand against. However, some issues that are as important, are silent. For the most of us, I believe that health is a priority in our lives and pharmaceutical companies have taken advantage of our beliefs. If you have a disease and there is only one company who has the cure, they are going to make sure they will get the most money out of you.
Margaret Atwood shows us in the year of the flood and also in Oryx and Crake, the corruption involved with the CorpSeCorps. Not only do they do unethical things, but they are often against the law. They take advantage of their power and their role in society. They are in a constant search for money and solutions to have the highest profit. In one situation, which made me sick was when Toby’s mother got ill ‘’out of the blue’’ when the family did not want to sell their property. Naturally, the company would subscribe more pills to help heal her. Pills after pills, you would believe that you are getting better, but in reality, one problem goes away and ten more appear.
Pharmaceutical companies have a profit margin that unimaginable. You would think that banks and other companies make a higher profit margin, but sadly it is not the case. In 2013, the highest profit margin for a bank company was 29% which is huge. Usually the average profit margin is around 6%. In that same year, a pharmaceutical company named Pfizer had a profit margin 42%. The industry average for pharmaceutical companies were 18% at the time. These numbers are disgusting. It is understandable for clothing companies and restaurants or any thing that isn’t a necessity for life. People rely on the drugs that these corporations supply to live, but they still set the price high. Seeing these figures makes me think of how these people think. People lives shouldn’t be questioned even if they do get their 3rd Ferrari.
In addition, while I was scrolling on youtube and looking at some videos, I saw an ad for a medication, where the medication helped people stop smoking, however it caused many many many problems. The commercial is quite funny and I encourage you to watch it. I don’t understand how companies can still be able to sell something that has that many side effects.
To conclude, we all know that corporations charge high prices and often give pills that only causes even more problems. We all know that they do this and that it is highly unethical, but what can we do, to help reduce the prices and also the stupidity behind the endless cycle of medications. What can we do to reduce the prices and also the companies’ values regarding their profits? Do you think that any measure used would not change anything? What are your thoughts on all this?