A new study performed by a sociologist named Donald Light has found strong evidence that the pharmaceutical industry is a “market for lemons” where the sellers are much more informed than the end customers. They profit from selling products (drugs) that are less effective and more harmful than patients are led to believe. This startling study is going to be presented at the 105th Annual Meeting of the American Sociological Association.The study is titled Pharmaceuticals: A Two-Tier Market for Producing ‘Lemons’ and Serious Harm.
The fact is that pharmaceutical companies often conceal and/or downplay the serious side effects of their drugs and exaggerate their benefits. continue reading…