• Washington DC |
  • New York |
  • Toronto |
  • Distribution: (800) 510 9863
Monday, June 15, 2026
  • Login
No Result
View All Result
NEWSLETTER
New Edge Times
  • World
  • U.S.
  • Politics
  • Business
  • Science
  • Tech
  • Youth
  • Entertainment
    • All
    • Arts
    • Gaming
    • Movie
    • Music
    Singer Oliver Tree Is Said to Have Died in Collision of Helicopters in Brazil

    Singer Oliver Tree Is Said to Have Died in Collision of Helicopters in Brazil

    Video: Spielberg Gets Paranoid With ‘Disclosure Day’

    Video: Spielberg Gets Paranoid With ‘Disclosure Day’

    A Kennedy Center Drama: Whether Trump’s Name Stays

    A Kennedy Center Drama: Whether Trump’s Name Stays

    Blake Lively Awarded Legal Fees in Ruling After Justin Baldoni Settlement

    Blake Lively Awarded Legal Fees in Ruling After Justin Baldoni Settlement

    Rick Jackson, Georgia Governor Candidate, Is Also a Film Producer Battling the IRS

    Rick Jackson, Georgia Governor Candidate, Is Also a Film Producer Battling the IRS

    Video: ‘Disclosure Day’ | Anatomy of a Scene

    Video: ‘Disclosure Day’ | Anatomy of a Scene

    Nick Reiner, Accused of Killing Parents, Asks to Use Trust Fund for His Defense

    Nick Reiner, Accused of Killing Parents, Asks to Use Trust Fund for His Defense

    Video: Maximalism Is Back at the Tonys

    Video: Maximalism Is Back at the Tonys

    • Gaming
    • Movie
    • Music
    • Arts
  • Sports
  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Spaghetti Carbonara Is a Classic for a Reason

    Spaghetti Carbonara Is a Classic for a Reason

    Can’t Pay Medical Bills? Trump Administration Suggests Getting a Loan

    Can’t Pay Medical Bills? Trump Administration Suggests Getting a Loan

    Tony Awards 2026 Red Carpet: See the Looks of Broadway’s Biggest Stars

    Tony Awards 2026 Red Carpet: See the Looks of Broadway’s Biggest Stars

    Rubio Suggests U.S. Return to Global Vaccine Program in Rebuke of Kennedy

    Rubio Suggests U.S. Return to Global Vaccine Program in Rebuke of Kennedy

    Video: The Fashion References in ‘Cats: The Jellicle Ball’

    Video: The Fashion References in ‘Cats: The Jellicle Ball’

    Marilyn Monroe Fans Descended on Palm Springs For Her 100th Birthday

    Marilyn Monroe Fans Descended on Palm Springs For Her 100th Birthday

    Dua Lipa Wears Bianca Jagger-Inspired Wedding Look to Marry Callum Turner

    Dua Lipa Wears Bianca Jagger-Inspired Wedding Look to Marry Callum Turner

    Giant Stone Urns Hint at the Death Rites of a Lost People in Laos

    Giant Stone Urns Hint at the Death Rites of a Lost People in Laos

    • Fashion
    • Food
    • Health
    • Travel
  • Reviews
  • Trending
  • World
  • U.S.
  • Politics
  • Business
  • Science
  • Tech
  • Youth
  • Entertainment
    • All
    • Arts
    • Gaming
    • Movie
    • Music
    Singer Oliver Tree Is Said to Have Died in Collision of Helicopters in Brazil

    Singer Oliver Tree Is Said to Have Died in Collision of Helicopters in Brazil

    Video: Spielberg Gets Paranoid With ‘Disclosure Day’

    Video: Spielberg Gets Paranoid With ‘Disclosure Day’

    A Kennedy Center Drama: Whether Trump’s Name Stays

    A Kennedy Center Drama: Whether Trump’s Name Stays

    Blake Lively Awarded Legal Fees in Ruling After Justin Baldoni Settlement

    Blake Lively Awarded Legal Fees in Ruling After Justin Baldoni Settlement

    Rick Jackson, Georgia Governor Candidate, Is Also a Film Producer Battling the IRS

    Rick Jackson, Georgia Governor Candidate, Is Also a Film Producer Battling the IRS

    Video: ‘Disclosure Day’ | Anatomy of a Scene

    Video: ‘Disclosure Day’ | Anatomy of a Scene

    Nick Reiner, Accused of Killing Parents, Asks to Use Trust Fund for His Defense

    Nick Reiner, Accused of Killing Parents, Asks to Use Trust Fund for His Defense

    Video: Maximalism Is Back at the Tonys

    Video: Maximalism Is Back at the Tonys

    • Gaming
    • Movie
    • Music
    • Arts
  • Sports
  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Spaghetti Carbonara Is a Classic for a Reason

    Spaghetti Carbonara Is a Classic for a Reason

    Can’t Pay Medical Bills? Trump Administration Suggests Getting a Loan

    Can’t Pay Medical Bills? Trump Administration Suggests Getting a Loan

    Tony Awards 2026 Red Carpet: See the Looks of Broadway’s Biggest Stars

    Tony Awards 2026 Red Carpet: See the Looks of Broadway’s Biggest Stars

    Rubio Suggests U.S. Return to Global Vaccine Program in Rebuke of Kennedy

    Rubio Suggests U.S. Return to Global Vaccine Program in Rebuke of Kennedy

    Video: The Fashion References in ‘Cats: The Jellicle Ball’

    Video: The Fashion References in ‘Cats: The Jellicle Ball’

    Marilyn Monroe Fans Descended on Palm Springs For Her 100th Birthday

    Marilyn Monroe Fans Descended on Palm Springs For Her 100th Birthday

    Dua Lipa Wears Bianca Jagger-Inspired Wedding Look to Marry Callum Turner

    Dua Lipa Wears Bianca Jagger-Inspired Wedding Look to Marry Callum Turner

    Giant Stone Urns Hint at the Death Rites of a Lost People in Laos

    Giant Stone Urns Hint at the Death Rites of a Lost People in Laos

    • Fashion
    • Food
    • Health
    • Travel
  • Reviews
  • Trending
No Result
View All Result
New Edge Times
No Result
View All Result
Home Business

How a Drug Company Made $114 Billion by Gaming the U.S. Patent System

by New Edge Times Report
January 28, 2023
in Business
How a Drug Company Made 4 Billion by Gaming the U.S. Patent System
Share on FacebookShare on Twitter

Some Medicare patients have been suffering as a result.

Sue Lee, 80, of Crestwood, Ky., had been taking Humira for years to prevent painful sores caused by a chronic skin condition known as psoriasis. Her employer’s insurance plan had helped keep her annual payments to $60. Then she retired. Under Medicare rules, she would have to pay about $8,000 a year, which she could not afford.

“I cried a long time,” she said.

For months, Ms. Lee stopped taking any medication. The sores “came back with a vengeance,” she said. She joined a clinical trial to temporarily get access to another medication. Now she is relying on free samples of another drug provided by her doctor. She doesn’t know what she’ll do if that supply runs out.

Barb Teron, a book buyer in Brook Park, Ohio, plans to delay her retirement because she is worried about Humira’s cost. Ms. Teron, who takes Humira for Crohn’s disease and colitis, has never had to pay more than $5 for a refill of the drug because her employer’s insurance plan picks up most of the tab. The cost, according to a pharmacy app on Ms. Teron’s phone, was $88,766 in the past year.

Ms. Teron, who turns 64 in March, would have liked to retire next year, but that would have meant relying on Medicare. She fears that her out-of-pocket costs will spiral higher. “When I look at that $88,000 charge for a year, there’s no way,” Ms. Teron said.

AbbVie executives have acknowledged that Medicare patients often pay much more than privately insured people, but they said the blame lay with Medicare. In 2021 testimony to a congressional committee investigating drug prices, AbbVie’s chief executive, Richard Gonzalez, said the average Medicare patient had to pay $5,800 out of pocket annually. (AbbVie declined to provide updated figures.) He said AbbVie provided the drug for virtually nothing to nearly 40 percent of Medicare patients.

The drug’s high price is also taxing employers.

Soon after she started taking Humira, Melissa Andersen, an occupational therapist from Camdenton, Mo., got a call from a human resources representative at her company. The company directly covers its employees’ health claims, rather than paying premiums to an insurer. Her Humira was costing the company well over $70,000 a year — more than Ms. Andersen’s salary.

Previous Post

His Boating App Needed a Boost. His Daughter’s TikTok Audience Came Through.

Next Post

The Responsibility of Watching

Related Posts

Oil Prices Tumble After Trump Announces Deal With Iran
Business

Oil Prices Tumble After Trump Announces Deal With Iran

by New Edge Times Report
June 14, 2026
Video: Elon Musk’s Big Bet for SpaceX
Business

Video: Elon Musk’s Big Bet for SpaceX

by New Edge Times Report
June 12, 2026
SpaceX Stock Rises 11% in Largest IPO Ever
Business

SpaceX Stock Rises 11% in Largest IPO Ever

by New Edge Times Report
June 12, 2026
Leave Comment
New Edge Times

© 2025 New Edge Times or its affiliated companies. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Terms & Conditions
  • Privacy Policy
  • Disclaimer
  • Contact

Follow Us

No Result
View All Result
  • World
  • U.S.
  • Politics
  • Business
  • Science
  • Tech
  • Youth
  • Entertainment
    • Gaming
    • Movie
    • Music
    • Arts
  • Sports
  • Lifestyle
    • Fashion
    • Food
    • Health
    • Travel
  • Reviews
  • Trending

© 2025 New Edge Times or its affiliated companies. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In