{"id":1003149,"date":"2018-12-14T17:53:25","date_gmt":"2018-12-14T21:53:25","guid":{"rendered":"https:\/\/democrats.org\/?p=1003149"},"modified":"2024-05-23T20:11:59","modified_gmt":"2024-05-23T20:11:59","slug":"pharmaceutical-company-authorizes-15-billion-in-buybacks-doesnt-lower-drug-prices","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/pharmaceutical-company-authorizes-15-billion-in-buybacks-doesnt-lower-drug-prices\/","title":{"rendered":"Pharmaceutical Company Authorizes $15 Billion In Buybacks, Doesn\u2019t Lower Drug Prices"},"content":{"rendered":"

Trump and Republicans gave massive new tax breaks to the pharmaceutical industry. Instead of using that money to lower drug prices, pharmaceutical companies continue to use it to benefit their shareholders while drug costs continue to rise. One company alone has now authorized $15 billion <\/a>in stock buybacks since the passage of the Trump tax law.<\/p>\n

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Meanwhile, Americans across the country continue to struggle with skyrocketing prescription drug costs.<\/p>\n

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\u201cSomething needs to change… I\u2019m scared to turn 26 and get off my parents\u2019 insurance.\u201d – Minnesota resident with diabetes<\/a><\/p>\n

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\u201cI was exasperated, paying so much for my drugs. I need this to keep myself alive.\u201d – Seattle resident with diabetes<\/a><\/p>\n

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\u201cIt just infuriates me to no end that this drug that we\u2019ve had for almost 100 years is inaccessible for so many people.\u201d – Seattle doctor with diabetes<\/a><\/p>\n

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<\/p>\n

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\u201cIt\u2019s really one of my greatest fears. If insulin is $300 a vial now, what\u2019s it going to look like in 20 years when she\u2019s on her own?\u201d – Father of a 10-year-old with diabetes<\/a><\/p>\n

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\u201cInsulin is kind of the face of the drug pricing crisis in America. We literally die without it. We\u2019re fighting for our lives.\u201d – T1International founder, who has diabetes <\/a><\/p>\n

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\u201cCan you even imagine what it was like to tell people that your son died at 26 because he struggled to afford the one medicine created to save his life?\u201d – Father of a diabetic who died because he couldn\u2019t afford insulin<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Trump and Republicans gave massive new tax breaks to the pharmaceutical industry. Instead of using that money to lower drug prices, pharmaceutical companies continue to use it to benefit their shareholders while drug costs continue to rise. One company alone has now authorized $15 billion in stock buybacks since the passage of the Trump tax […]<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1003149","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nPharmaceutical Company Authorizes $15 Billion In Buybacks, Doesn\u2019t Lower Drug Prices - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/pharmaceutical-company-authorizes-15-billion-in-buybacks-doesnt-lower-drug-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-14T21:53:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-23T20:11:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/lh5.googleusercontent.com\/TIO0b4XfNErnMbneNPiQviUgubiwAnWW8iU7SdNUh0WyZFXtUDL1mPwc15UF8XgmRHldkhKX4KYS8WQ4lKRxg0JubrcNXV1TLuLLPsZsy3DN745vxIZ1o131dsujJiVQVVqVBuml\" \/>\n<meta name=\"author\" content=\"Claire DePree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Claire DePree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/pharmaceutical-company-authorizes-15-billion-in-buybacks-doesnt-lower-drug-prices\/\",\"url\":\"https:\/\/democrats.org\/news\/pharmaceutical-company-authorizes-15-billion-in-buybacks-doesnt-lower-drug-prices\/\",\"name\":\"Pharmaceutical Company Authorizes $15 Billion In Buybacks, Doesn\u2019t Lower Drug Prices - 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