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You’ve Already Paid for Overpriced Weight-Loss Drugs
Key Excerpts from Article on Website of Jacobin
Posted: March 19th, 2025
https://jacobin.com/2025/03/weight-loss-drugs-price-health
US taxpayers spent an estimated $6 billion researching, developing, and implementing new blockbuster weight-loss drugs. Yet Americans are now paying pharmaceutical giants — including one in Denmark — up to eleven times more for these medicines than patients in other countries, markups that are inflating consumers’ insurance premiums and risk bankrupting the country’s health care system. According to data shared with the Lever by researchers at Bentley University, the federal government spent $6.2 billion from 1980 to 2024 on the discovery and development of glucagon-like peptide-1 (GLP-1) molecules, as well as research on how to use GLP-1 drugs to treat diabetes, obesity, and other diseases. GLP-1, a hormone that regulates blood sugar, was the foundation of the diabetes drug Ozempic, whose 2017 approval by the Food and Drug Administration (FDA) launched a wave of other GLP-1-based diabetes and weight-loss medications coming to market. More than fifteen million people nationwide currently take GLP-1-related drugs like Ozempic, bringing in more than $50 billion in sales for pharmaceutical companies in 2024 — much of which went to the Danish pharmaceutical company Novo Nordisk. A Senate report ... found that if half of all Medicare and Medicaid patients with obesity took Wegovy and other GLP-1 weight-loss drugs, it could cost the federal health care system $166 billion per year.
Note: The makers of these weight-loss drugs could be hit with over 10,000 lawsuits over severe adverse events from these drugs. For more along these lines, read our concise summaries of news articles on corruption in government and in Big Pharma.
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