Poster children for the plutocratic capitalistic system Republicans serve. They owned the drug company Purdue, makers of drugs including Oxycontin.
And what's wrong with that? Oxycontin is a pain reliever, that has relieved suffering for many people. They sold it and made a profit. What's the problem?
Well, a little problem is when drug company meets opportunity meets plutocratic capitalistic system. It's far MORE profitable if they breaks laws and regulations to sell MORE profitable product. The only problem are the thousands of people it kills, but they get rich.
Way back in 2007, Purdue reached a "plea deal with the Justice Department to pay a $600 million penalty on a felony charge of misleading and defrauding physicians and consumers over the prescription opioid OxyContin."
That should solve it, right? Today, they reached an agreement to pay $8 billion, after the company pled guilty to "violating federal anti-kickback laws, as it paid doctors ostensibly to write more opioid prescriptions." Because of course they did. Why WOULDN'T they illegally pay doctors to overprescribe and increase their profits, when it makes money?
For over a decade, this family has largely created the opioid crisis, while profiting, knowingly causing the harm, breaking laws to increase the harm and their profits. From 2008 to 2018, after their 2007 pleas agreement, they took over $10 billion out of the company and put it in trust funds and holding companies. They got rich from their crimes. American heroes of the plutocratic capitalists.
But at least, the government worked a little, after over a decade, after hundreds of thousands of Americans killed, it finally got a big fine, and is taking over the company to have it serve the public better, right?
Well, local and state governments have sued for $2 trillion for damages from the crisis. So, no, the fine doesn't really do the harm justice, as if money could pay for lives anyway. Arizona sued to stop the family from emptying the company of funds and preventing it from paying fines; the Supreme Court refused the case last week.
" "This settlement provides a mere mirage of justice for the victims of Purdue's callous misconduct," said Connecticut Attorney General William Tong. "The federal government had the power here to put the Sacklers in jail, and they didn't. Instead, they took fines and penalties that Purdue likely will never fully pay." "
So, that's our system. Find an opportunity for a drug to addict people that is profitable, use the healthcare system criminally to addict millions and kill hundreds of thousands, pay off doctors and other crimes, make over $10 billion over more than a decade, and get away.
Plutocratic capitalism. And they're heroes of it.
Purdue Pharma, the maker of OxyContin, has agreed to plead guilty to three federal criminal charges for its role in creating the nation's opioid crisis and will pay more than $8 billion and close down the company.
Members of the Sackler family withdrew more than $10 billion from Purdue Pharma and put the money in family trusts and holding companies as pressure intensified over the nation's opioid epidemic, according to court documents.