Commentary and thoughts on health care
- Americans spend a lot more money on hospital and physician care than prescription drugs, but pharmaceutical companies pocket a lot more of than other parts of the industry. (Source: Axios)
- 63% of the profit total went to drug companies, even though they collected 23% of the revenue
- Pfizer had the highest profit total ($4.1 billion) of any publicly traded health care company in the third quarter.
- Of the 19 companies that tallied at least $1 billion of third-quarter profit, 14 were drug companies.