My wife used to work for an executive at a very large pharmaceutical company during the 90s, and the same assaults were being made against them then. Doug Bandow has some interesting observations on the topic:
“This assault is not new. Drug companies have been under pressure for a decade. When the Clinton administration attempted to nationalize American health care, it sought to demonize the drugmakers as well as most doctors and hospitals.
“Unfortunately, years of demagoguery advanced for political profit are having an impact. Public opinions of the industry have been falling sharply….
“Yet new pharmaceuticals are responsible for almost half of the reduced mortality among different diseases between 1970 and 1991. Columbia University’s Frank Lichtenberg figures that every new drug approved during that time saves over 11,000 life-years annually. And the benefits continue. He estimates that fully 40 percent of the increase in average lifespan between 1986 and 2000 is due to new drugs.”