A Random Photo
About a fourth of Walgreens’ annual income is derived from — guess who? — our U.S. government. Yes, our very government that the people of Wasson & Co. say they no longer want to help support. The unpatriotic drugstore ingrate drew nearly $17 billion last year from Medicare and Medicaid payments provided by Uncle Sam.
If Walgreens doesn’t want to support public programs like these, the programs should not be supporting Walgreens.
Mixed into that stream is a different kind of advertising — so-called native ads or sponsored posts — which look almost exactly like all the other articles and videos on the page except that they are sponsored by brands like Knorr, Best Buy and Ford Motor. These ads, Yahoo hopes, will attract the attention of more readers and make more money for the company.
In some cases, Yahoo editors even help to write that advertising — a blurring of the traditional lines between journalists and the moneymaking side of the business.
American drug companies don’t want to pay US taxes—but they want global customers to pay US drug prices
So who is fighting for the right of pharmaceutical companies to sell their wares at their prices, wherever on earth? Why, that same Uncle Sam that companies are avoiding paying taxes to: The Obama administration is negotiating the Trans-Pacific Partnership, which would expand US free trade rules to eighteen countries around the Pacific rim, as well as a free trade deal with the European Union. In both, the US is pushing for “harmonization” of patent laws—including longer exclusivity for existing patents, limits on the release of drug data, restrictions on how government health care programs can control drug prices—all of which mean higher prices for medicines. It’s no wonder that pharma is the most active lobbyist when it comes to trade talks.