Skip to comments.Industry Group Warns Prescription Costs Will Rise under Obamacare
Posted on 05/16/2014 4:11:50 PM PDT by John Semmens
The Pharmaceutical Research and Manufacturers of America (PhRMA) reports that a study comparing out-of-pocket costs under Affordable Care Act health insurance policies will likely exceed costs under employer sponsored plans by an estimated 130%.
John Castellani, president and CEO of PhRMA, expressed concern that millions of Americans may be priced out of receiving the medicines they need. This completely contradicts the Administrations promise that the Affordable Care Act would provide coverage equivalent to or better than what people had prior to the new law.
Deputy Secretary of Health and Human Services Bill Corr disputed the implication that the health of Americans would be negatively affected. Most of the prescription drugs people take are unnecessary, Corr asserted. Some are outright harmful when all of the negative side effects are taken into consideration. So if higher out-of-pocket costs reduce the consumption of these drugs not only will we save money, we will save lives.
If the general public had known that boosting consumers out-of-pocket drug costs in order to discourage consumption was an intended outcome of the Presidents health care reform I doubt they wouldve supported its passage, Castellani observed. I certainly know our organization wouldnt have supported it.
What these outsiders may have believed is not important, Corr replied. The key was to reform our nations health care system by whatever means necessary. The ACA is now the law of the land. We will carry out its provisions as the President deems appropriate. If this cuts into drug manufacturers profits, so be it.
In related news, health insurance executive Marcus Merz, CEO of PreferredOne, says another accomplishment of Obamacare will be to help people break away from the idea that they should have a range of choices when it comes to who will treat them. Choice adds to the cost of health care. The less of it there is, the more we save.
if you missed any of this week's other semi-news/semi-satire posts you can find them at...
EVERYTHING rises under O’Bimbo care including the number of UN-insured Americans.
Along with other things — like food!!
If you like your ...... Oh wait, never mind. Lying SOB.
did this industry group support ObamaCare back then?
I was responding to a post without seeing the article...
I guess you got me this time.
The only important thing is that we are ‘covered’ and that its ‘affordable’, the rest is just noise.
Now lets talk about giving (minimum wage) America a raise.
Nice one, John.
You always know what these guys are thinking, even though they don’t say it.
Thanks once again for the ping.
This is a page from a Bing search using the phrase ... ‘jokes about obamacare’. Check out the top listing ... http://www.bing.com/search?q=jokes+about+obamacare&qs=AS&sk=AS1&pq=jokes+about+obama&sc=8-17&sp=2&FORM=QBLH&cvid=a63717ae74b34d339097a367c3abe1c7&ghc=1 ... even obamacare considers obamacare a joke.
The incentives in Obamacare are designed to puff up elites and degrade and humiliate everyday citizens. This is a very small horror compared to what’s to come...
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