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Bay Area Innovators

Why Americans Pay So Much for Drugs: A Pharma CEO Exposes the System

June 3, 2026
In this episode of Bay Area Innovators, host Steve Ispas sits down with Jeremy Levin, a South African-born physician and one of the most influential leaders in global biopharmaceuticals. Levin shares an extraordinary personal journey—from fleeing apartheid as a child to watching his journalist father escape arrest twice for speaking the truth to being admitted to Oxford on the strength of a single conversation despite near-failing high school grades. The discussion goes deep on a question at the center of public debate: Why has trust in the pharmaceutical industry collapsed, and who is actually responsible? Jeremy draws a sharp and often surprising distinction between the biotech companies quietly innovating in the lab every day and the powerful middlemen—pharmacy benefit managers and insurers—who he says consume roughly 50 percent of the price of every drug without delivering meaningful value to patients. The conversation also covers the future of cancer treatment, the role of alternative medicine, why he believes biotech is one of America’s most critical and misunderstood strategic assets, and what the industry must do differently to earn the public’s trust back. Watch the full episode for a candid and sweeping conversation about medicine, purpose, and the human cost of a broken system. Views expressed in this video are opinions of the host and guests, and do not necessarily reflect the views of The Epoch Times.
    About the show
    “Bay Area Innovators” tackles the compelling, life-changing, fearless, and compassionate stories from the San Francisco Bay Area and beyond, providing a platform for discussion and discovery. We bring to our program the legends, the innovators, and the hardworking people who are shaping the future of the Bay Area in a positive way by finding solutions and improving people’s lives.
    About
    Steve Ispas is an investigative journalist with The Epoch Times and the host of Epoch TV’s “Bay Area Innovators” program. Steve grew up in Eastern Europe, and lived in the San Francisco Bay Area for 35 years. He worked in the tech industry for 15 years at LSI Logic and Rambus, and has been with The Epoch Times in various positions since 2003. His recent coverage includes an in-depth exclusive investigation of the secret Chinese biolab discovered in Reedley, Calif., in 2022.
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