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Mike Spaulding: June 17, 2019

Big Pharma is one of the most powerful industries in the world. The global revenue for pharmaceuticals was over $1 trillion in 2014. But nowhere else in the world do the drug and medical device industries have as much power and make as much money as in the U.S.

Six of the top 10 pharmaceutical companies for 2017 have their headquarters in the U.S. These include Johnson & Johnson, Pfizer, Merck, Gilead, Amgen and AbbVie.

But only 28 percent of Americans have a good opinion of Big Pharma. In fact, Big Pharma is the second most hated industry in America. It’s right behind the tobacco industry and the oil, gas and chemical industry.

Big Pharma is also the biggest defrauder of the Federal Government under the False Claims Act, according to consumer watchdog group Public Citizen.

The industry has a history of fraud, bribery, lawsuits and scandals. Despite criminal charges and fines, Big Pharma companies continue to do business.

By 2021, Big Pharma profits for prescription drugs are expected to reach $610 billion. Medical devices are also lucrative.

The U.S. makes about $148 billion, according to the U.S. Department of Commerce.

That’s about half of the world’s share of the market. Americans spent an all-time high of $457 billion on prescription drugs in 2015.

And drug prices continue to rise. Consulting firm Segal Consulting expects drug prices to rise 11.6 percent in 2017. This estimate is for Americans under the age of 65.

In contrast, wages are only expected to rise 2.5 percent. This means many Americans won’t be able to afford their medications. Information about the pharmaceutical industry found here.

Statistics About Diabetes

Overall Numbers, Diabetes and Prediabetes

  • Prevalence: In 2015, 30.3 million Americans, or 9.4% of the population, had diabetes.
    • Approximately 1.25 million American children and adults have type 1 diabetes.
  • Undiagnosed: Of the 30.3 million adults with diabetes, 23.1 million were diagnosed, and 7.2 million were undiagnosed.
  • Prevalence in Seniors: The percentage of Americans age 65 and older remains high, at 25.2%, or 12.0 million seniors (diagnosed and undiagnosed).
  • New Cases: 1.5 million Americans are diagnosed with diabetes every year.
  • Prediabetes: In 2015, 84.1 million Americans age 18 and older had prediabetes.
  • Deaths: Diabetes remains the 7th leading cause of death in the United States in 2015, with 79,535 death certificates listing it as the underlying cause of death, and a total of 252,806 death certificates listing diabetes as an underlying or contributing cause of death. Information about diabetes found here.

Are you ready to do something about your health? If you are, visit http://mika68.lifevantage.com/products/ 

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Mike Spaulding

Mike Spaulding was ordained to the ministry in 1998.  Since then he has planted two Calvary Chapel churches - Calvary Christian Fellowship, St. Marys, Ohio, in 1998, and Calvary Chapel of Lima, Ohio, in 2005, where he currently serves as teaching pastor.

 

Mike holds a B.A. in Organizational Management, a Masters Degree in Theological Studies, and a Ph.D. in apologetics.  He is the author of numerous “The Ministry of Teaching,” “A Brief Look At Romans 13,” and “How and Why Should We Study the Bible.”  He is a contributing author to the soon to be released, The Baker Dictionary of World Religions, H. Wayne House, General Editor.  Mike has written for several apologetics ministries including Got Questions? (www.gotquestions.org) and the Christian Apologetics and Research Ministry (www.carm.org) and maintains his own radio and podcast platforms – The Transforming Word (www.thetransformingword.com) Soaring Eagle Radio (www.soaringeagleradio.com) and his blog, Dr. Mike Spaulding (www.drmikespaulding.com)

  

His teaching ministry is featured on the radio program “The Transforming Word,” heard on stations throughout the Midwest United States.  In 2013 he launched The Transforming Word Bible Institute (www.thetransformingword.com), to enable students to study at their own pace, and serves as its President. He is the host of the radio and podcast show, Soaring Eagle Radio (www.soaringeagle.com), heard on Red Nation Rising Radio (www.rednationrising.us), Global Star Radio Network (www.gsradio.net), Prepper Broadcasting Network (www.prepperbroadcasting.com),  The Fringe Radio Network (www.fringeradio.com), and WTTP FM (www.wttpfm.com) and available on all major subscription services including iTunes, Stitcher, TuneIn and On The Objective (www.ontheobjective.org).

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