Big Pharma, Patents, and Profiting off Illness
Developing a new medicine can cost a pharmaceutical company billions of dollars and take many years of research. However, once the formula is perfected, making the pill often costs pennies. Should corporations be allowed to charge extremely high prices for life-saving medicine to satisfy their investors, or does healthcare belong in the realm of basic human rights? In this unit, we explore the vocabulary of medical monopolies and corporate greed.
1. Because the company owned the original invention, they held a dangerous on the life-saving treatment.
2. Earning billions while patients die because they cannot afford the medicine is viewed as unforgivable financial .
3. Once the time limit expires, other companies can finally produce incredibly cheap, versions of the drug.
4. During the crisis, the government agreed to completely the vaccine so that all citizens could get it for free.
5. It takes a highly advanced laboratory to safely the complex chemicals required.
6. The rapid spread of the virus across the country was officially declared a deadly .
7. A medical company is legally allowed to own the exclusive for a new drug for up to 20 years.
8. The wealthy investors demand a massive financial at the end of every business quarter.
When discussing the collision of immense wealth and human suffering, these idioms perfectly capture the cynicism of the debate.
Read about a notorious (and common) pricing scandal in the modern medical industry.
In 2015, a wealthy manager bought the patent for a drug that was widely used to treat serious infections in compromised patients. The medication, which had been on the market for decades, previously cost only $13 a pill. Overnight, the new CEO raised the price to $750 to guarantee massive profit.
Because no generic alternatives were legally allowed to be sold, the company had a total monopoly. Patients who relied on the drug to survive were effectively held hostage. The CEO defended the price hike, openly admitting that the money simply lined his pockets and the pockets of his investors.
The public was deeply outraged, calling it pure exploitation. For many desperate families, the realisation that Big Pharma could legally put a price on a life was a bitter pill to swallow. Governments were pressured to completely fund the medicine during the resulting outbreak and allow rival companies to manufacture a cheaper alternative.
When debating complex topics, you must add clear details to your sentences. A Defining Clause gives essential information to identify *which* specific thing you mean. A Non-Defining Clause just adds "extra" bonus information to something we have already fully identified.
| Type | Punctuation & Pronouns | Meaning & Example |
|---|---|---|
| Defining (Essential) |
NO COMMAS. Can use: who, which, that |
Identifies exactly which one. "The company that raised the prices was sued." (Only the specific company that did this.) |
| Non-Defining (Extra Info) |
USES COMMAS. Can use: who, which NEVER USE 'THAT' |
Adds bonus facts about a known subject. "PharmaCorp, which made billions last year, was sued." (We already know the company is PharmaCorp. The billions is just extra info.) |
Pro Tip: The most common mistake native speakers and learners make in writing is using "that" after a comma. Never do it!
1. Defining (Essential Info): The specific medicine ____________ saves lives should never be restricted by corporate patents.
2. Non-Defining (Extra Info with commas): The new vaccine, ____________ was developed incredibly fast, proved to be highly effective against the virus.
Type the missing words to complete these conversational idioms.
1. The CEO doesn't truly care about the sick patients; he is only interested in lining his own .
2. Realising that the government would not help pay for the cure was a very bitter to swallow.
Before entering the discussion, consider these different angles regarding healthcare and capitalism.
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