Saturday, 15 August 2009
Obamacare's Big Money Pharma Buddies Make Billions on Taxpayer Tab
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I finally found some common ground with Bob Cesca, he makes the point that Big Pharma is Getting their share of the 4 trillion dollar health care pie at the expense of the American taxpayer. Thanks Bob, for giving us one more reason to protest a bad bill.
Back in the early Summer the president announced PhRMA's proposal for saving $80 billion over ten years as its contribution to healthcare reform. $80 billion sounds like a huge contribution and it is, the only problem is that's the life-time profit of just one of their best selling medicines. That means each of the Pharmaceutical manufacturers is giving up the profit of ONE medicine so they can have the huge profits on ALL the rest.
Your probably asking, "...I thought the government would save money by negotiating price and implementing an importation policy which would give Americans the opportunity to get meds cheaper from Canada or other countries where the price is lower?"
Well guess again.
The reason Big Pharma got all comfy in Obama's healthcare bed is so that the new obamacare legislation would explicitly deny Americans the opportunity to negotiate (the governement in this case doing the negotiating for us) or import cheaper drugs from countries like canada (where the canadian government negotiates a very good price).
So, on top of the fact that this spend-tacular health care legislation will cost us 4 trillion, won't offer consumer protections until 2013, we now know we will be paying 100 percent retail for the medicines.
There is NO CHANGE in that transaction. I'm gonna start selling 'barrel pillows' for the screwing Obama's giving us.
Got lube?
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We just can't seem to win... no matter who we elect or the laws that are supposed to protect us, these big companies always got their hands in the lawmakers pockets.