Does your insurance cover the latest cancer drug that costs $159 to make, but sells for $106,000? The cost of cancer drugs has skyrocketed lately by more than 5000%, and this is not the exception, but the rule. Despite this gob-smacking display of greed, we continue to finance not only the pharmaceutical industry, but ‘charitable organizations’ that are nothing more than wolves in sheep’s clothing. [1]
The American Cancer Society (ACS) which has a cure rate of about 2.1%, receives more money in contributions every 10 minutes than the Independent Cancer Research Foundation (ICRF) receives in a whole year. ICRF arguably has cure rates closer to 90%.
Why do we continue to fund a fraud? Samuel S. Epstein, M.D., Professor Emeritus for Environmental and Occupational Medicine at the University of Illinois, School of Public Health, has a few ideas about why we give our money to thieves who are more interested in their next private jet or private island than saving lives. He’s written a 100-page paper on the disgusting habits of the ACS.
The Wealthiest ‘Non-Profit’ in the World
Granted, half of the cancer charities that AIP rates in a Charity Rating Guide receive a D or F grade and only 37% receive an A or B, but the ACS should fall off the scale.The ACS is the world’s wealthiest ‘nonprofit’ institution. THE WEALTHIEST. [2]
According to James Bennett, professor of economics at George Mason University and recognized authority on charitable organizations, the ACS held a fund balance of over $400 million with about $69 million of holdings in land, buildings, and equipment in 1988. Of that money, the ACS spent only $90 million— 26% of its budget— on medical research and programs. [3]
Finally people are talking about this!