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Aired: Thursday, September 16, 2004 8-9PM ET
Americans spend $200 billion each year on prescription drugs. But those billions aren't necessarily buying better drugs, says Marcia Angell, former editor-in-chief of The New England Journal of Medicine.
Pharmaceutical marketing and administration costs far outstrip those of research and development, Angell says. And rather than coming out with innovative, new drugs, companies are more interested in developing "knockoff" versions of popular prescriptions that line the pockets of executives and leave consumers coming up short.
The influence that the drug industry has in Washington, and even in your doctor's office, is enormous. But Angell thinks there is still a way to save the pharmaceutical industry, and help it to regain its mission.
Click one of the "listen" links for a hard look at the truth about the drug companies: what it means for you, your health, and your pocketbook.
| · | Marcia Angell, former editor-in-chief, The New England Journal of Medicine and senior lecturer, Harvard Medical School. She is author of the new book, "The Truth About the Drug Companies: How They Deceive Us and What to Do About It." | | · | Lori Reilly, deputy vice president for policy and research, Pharmaceutical Research and Manufacturers of America (PhRMA) | | · | Peter Rost, vice president of marketing for endocrine care, Pfizer. |
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Kerry Addresses the Guard |
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John Kerry addressed the National Guard Association today, accusing President Bush of not being truthful with the American people. Kerry said that the situation in Iraq is deteriorating but the President is "living in a fantasy world of spin" by making it sound as if everything is going well.
Hear an excerpt of John Kerry's speech to the National Guard Association in Las Vegas.
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Tenuous Stability in Iraq |
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A classified intelligence report prepared for president Bush last July counters the Administration's repeated assertions of progress in Iraq. New York Times reporter Doug Jehl has interviewed officials who have seen the report, which outlines an Iraq "whose stability would remain tenuous" and the possibility of a civil war.
Doug Jehl describes what is in the report.
| · | Doug Jehl, reporter on national security and intelligence for The New York Times. |
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