Monday, June 12, 2017

Trump's Circular World; DeVos Family Foundation; and Rising Drug Prices

And the Wheel Goes Round and Round

Wall Street --- President Donald Trump and his businesses --- owe debt to 150 Wall Street banks, mutual funds and other financial institutions --- signed an executive order to dismantle Dodd-Frank ---- to avoid protective regulations  issued by --- President Donald Trump.

National Labor Relations Board --- President Donald Trump and his children own and run Trump Hotels --- which have disputes before the --- National Labor Relations Board --- whose members will be appointed by --- President Donald Trump.

Foreign Interests --- President Donald Trump and his children own and run Trump Organization --- which has business interests in countries around the world --- that will be negotiating policy with the Trump administration --- that could affect the bottom line of and can easily confer favors from --- Mr. Trump's children and --- President Donald Trump.

Internal Revenue Service --- President Donald Trump --- has said his income tax returns are under audit by the --- Internal Revenue Service --- an executive agency overseen by --- President Donald Trump.

Trump International Hotel, Washington, DC --- President Donald Trump and his children own and run Trump Organization --- which leases the Old Post Office Building from the --- General Services Administration --- the head of which will be appointed by --- President Donald Trump. (Source: PUBLICCITIZEN).

The Dick and Betsy DeVos Family Foundation Gave: $8.6 million to private Christian schools; $5.2 million to charter schools - ($4.8 million of which was to a school they founded) ; $750,000+ to Christian camps; $59,750 to traditional public schools. Note: Giving from 1999 to 2014. (See March/April 2017 Mother Jones).

Drug Costs at a Glance
$457 billion - The amount Americans spent on prescription drugs in 2015, up by about 8 percent over the previous year.

208%  - The rise in prices for the most popular brand-name drugs from 2008 to 2016.

$14.5 million - Median salary of a pharmaceutical firm CEO in 2015, more than in any other industry.

$6.4 billion - Amount drug companies spend advertising directly to consumers in the U.S. annually.

$24 billion - Amount drug companies spend per year marketing to doctors.

Some Skyrocketing Drug Prices
The cost of Bavencio, a new cancer drug approved in March, is about $156,000 a year per patient.

A new muscular dystrophy drug came on the market late last year for an eye-popping price of $300,000 annually.

In 2016, the FDA approved Tecentriq, a new bladder cancer treatment that costs $12,500 a month, or $150,000 a year.

Even older rugs that have long been on the market are not immune: The cost of insulin tripled between 2002 and 2013, despite no notable changes in the formulation or manufacturing process. (Source: May 2017 AARP.ORG/BULLETIN).

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