Big Pharma Wins Big With Health Care Reform Bill

Cash Money for Big PharmaAlan Fram writes on Huffington Post:

Chalk one up for the pharmaceutical lobby. The U.S. drug industry fended off price curbs and other hefty restrictions in President Barack Obama’s health care law even as it prepares for plenty of new business when an estimated 32 million uninsured Americans gain health coverage.

To be sure, the law also levies taxes and imposes other costs on pharmaceutical companies, leaving its final impact on the industry’s bottom line uncertain. A recent analysis by Goldman Sachs suggests the overhaul could mean “a manageable hit” of tens of billions of dollars over the coming decade while bolstering the value of drug-company stocks. Others expect profits, not losses, of the same magnitude.

Either way, pharmaceutical lobbyists won new federal policies they coveted and set a trajectory for long-term industry growth. Privately, several of them say their biggest triumph was heading off Democrats led by Rep. Henry Waxman, D-Calif., who wanted even more money from their industry to finance the health care system’s expansion.

Read More on the Huffington Post

5 Comments on "Big Pharma Wins Big With Health Care Reform Bill"

  1. The insurance industry is to human beings what Tyson Foods is to poultry. It's not about “health” or “care” or “reform”

  2. Polymorpheous | Mar 30, 2010 at 11:13 am |

    notice no propaganda commercials from the pharma or insurance industry against this bill?


  3. tonyviner | Mar 30, 2010 at 12:39 pm |

    Cuz I'm praying for rain
    And I'm praying for tidal waves
    I wanna see the ground give way.
    I wanna watch it all go down.
    Mum please flush it all away.
    I wanna see it go right in and down.
    I wanna watch it go right in.
    Watch you flush it all away.

    Time to bring it down again.
    Don't just call me pessimist.
    Try and read between the lines.

    I can't imagine why you wouldn't
    Welcome any change, my friend.

    I wanna see it come down.
    Come down.
    Suck it down.
    Flush it down.


    That about sums it up, we've been left little choice but to tear it down and build it again, ourselves. Let's do it right this time.

  4. We’ll just screw it all up again if we do that.

Comments are closed.