Blockbuster Prices News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Story. >> reporter: to watch jim greenwood is to watch old fashioned bare knuckled washington lobbying. >> i went office to office in the house and in the senate with my little molecule. >> reporter: and pushed a provision buried inside the health care bill that could save the pharmaceutical industry he works for billions in profits o. poe innocents say at the expense of you, the consumer. what happened? >> well i think what happened, unfortunately, politics trumped policy. >> reporter: so what that's all about? nothing short of miracle drugs and the crossroads between how much it costs to mak...

Respiratory virus infection or for oncology. >> reporter: and they sell for blockbuster prices. biologics are cash cows, consumers spend more than $40 billion a year on them. sharon brown says the biologic enbrel rescues her from debilitating rheumatoid arthritis. listen to the cost. >> $1,591.87. that's for four injections. >> reporter: her insurance has a cap, so she takes the weekly drug every other week. >> i just cannot simply afford the medication. >> reporter: for chemical drugs like these, there is a law that allows generics, which are cheaper. but it doesn't apply to biologics, like s...

>> we have protein biologics for multiple sclerosis or for respiratory virus infection or for oncology. >> reporter: and they sell for blockbuster prices. biologics are cash cows, consumers spend more than $40 billion a year on them. sharon brown says the biologic enbrel rescues her from debilitating rheumatoid arthritis. listen to the cost. >> $1,591.87. that's for four injections. >> reporter: her insurance has a cap, so she takes the weekly drug every other week. >> i just cannot simply afford the medication. >> reporter: for chemical drugs like these, there is a law that allows generics, w...

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