These Drugs Don’t Work. Americans Still Spent Billions on Them

But do they all work? 

Photographer: Christopher Katsarov/Bloomberg

Hi, It’s Bob in balmy springtime New York. I was surprised when I realized just how much Americans are spending on drugs that don’t work or had most of their uses withdrawn. But first...

Years ago, the US Food and Drug Administration used to be slow in approving drugs. Many people still assume it’s slow. But that’s no longer the case.