Tags: opiate | epidemic | lawsuits

The Opiate Shakedown

The Opiate Shakedown
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Wednesday, 06 November 2019 02:35 PM Current | Bio | Archive

Hysterical media reporting in combination with money-hungry attorneys and state treasurers conspired to extort manufactures of opiate drugs for the alleged misdeed of advertising a legal, necessary, and effective drug, like any other companies who advertise their products.

Unfortunately, court cases supporting claims are decided by juries. Here attorneys for the plaintiffs imply that drug companies conspired to send their agents to street corners to peddle their goods to addicts. Nothing is further from the truth. However, being shown pictures of overdosed users of drugs together with frightening statistics will sway any juror to let emotional judgment overcome common sense and fairness.

It is interesting to see that, like a conspiracy, all these lawsuits or government shakedowns happen in a synchronized fashion. It reminds one of similar tactics used in the 1980s against American tobacco companies, extorting hundreds of billion dollars, thus driving one company to bankruptcy and forcing some owners to leave the country. It was an incredible bonanza for trial lawyers. I know one law firm which collected $10 million in fees simply for filing a claim for the State of Florida (there was not even a trial).

The question is, do our teenagers read pharmaceutical journals and there see advertising of painkilling drugs and then become addicts? Of course not, but this act of simple advertising implies criminal actions by the defendants.

All produced opiates are only shipped to drug distributors who, in turn, supply pharmacies (not doctors). Patients can only buy such drugs with a legal prescription from their doctor or hospital. If greedy pharmacists sell opiates to addicts or scrupulous doctors sell fake prescriptions, those are criminal acts and should be strongly prosecuted by law enforcement. With no stretch of the imagination could one claim to hold the manufacturer liable for such criminal actions.

Yet, here we have legit manufacturers being extorted to pay over $10 billion just to settle out of court (there was no admission of any wrongdoing). While extortions are criminal acts, State Attorneys enjoy immunity, too bad. While the companies probably can recover about 25% of the extortion money, by deducting the payment from taxable gains, it is again the U.S. Treasury who pays part of the money and, indirectly, us too, the tax payers.

The other portion of the extortion money will be recovered by raising the prices of drugs. Here too, as always, ultimately it is the consumer who pays the trial lawyer fees and enriches state treasures.

All these litigations force doctors to make difficult decisions: Should he give a dying cancer patient opiates so they can die pain free (even happy), even though the patients may become addictive; or should the doctor refuse to give pain killers to patients to let them pass away, un-addicted, but under horrible pain?

Why are we giving those choices?

Dr. Baumann, a former Corporate Vice President and founder of his company, is a well known inventor, economist, and author having published books on scientific, economic, and historical subjects. He is a member of the American Research Society and an Inductee of the Hall of Fame of Automatic Control, besides also being an honorary member of a number of technical societies. For more of his reports, Go Here Now.

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HansBaumann
All produced opiates are only shipped to drug distributors who, in turn, supply pharmacies (not doctors).
opiate, epidemic, lawsuits
537
2019-35-06
Wednesday, 06 November 2019 02:35 PM
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