For Immediate Release
Trump's HHS Pick Has History Of Price Gouging
Americans for Tax Fairness Report Shows that Eli Lilly Price Gouged and Tax Dodged While Alex Azar Was U.S. Division President
WASHINGTON - Earlier today, Donald Trump's nominee to head the Department of Health and Human Services, Alex Azar, testified in front of the Senate Finance Committee that "drug prices are too high" while taking no responsibility for his role in raising the price of drugs.
- Raised retail price of diabetes treatment Humalog Kwik-pen by 90%
- Raised retail price of osteoporosis treatment Evista by 52%
- Raised Medicare price of osteoporosis treatment Forteo by 89%
- More than doubled its stock price (increased 141%) from 2011 to 2015
- Increased its pile of untaxed offshore profits by 36% from 2011 to 2016, from $20.6 billion to $28 billion
- Has 35 subsidiaries located in tax havens
- Paid an effective U.S. tax rate of only 17% from 2008-2015, less than half the official 35% rate
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