00:00Big Pharma pays generic competitors to keep life-saving medicine expensive for you today.
00:05This strategic bribe ensures that your local pharmacy never stocks the affordable alternative
00:10pills. The industry calls it pay for delay but it is actually a tax on survival.
00:16Large corporations spend billions to stop cheaper medicine from ever hitting the store shelves.
00:22When a patent expires a brand name company should face immediate and fair competition.
00:27Instead they write a massive check to their rival to keep them away longer.
00:32This legal loophole allows monopolies to extend their reach long after their patents expire.
00:38You are the one funding these secret settlements every time you pay a co-pay.
00:42The generic company makes more money from the bribe than from selling actual drugs.
00:47Both companies profit while the average family struggles to afford their basic medical care.
00:53Federal regulators struggle to prove these payoffs are illegal under current broken antitrust laws.
00:59Lobbyists ensure the rules remain vague enough for these backroom deals to continue forever.
01:05These secret payoffs cost the public over $3 billion in extra costs annually.
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