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Big Pharma Loves Obama Care
patientpowernow.org ^ | 3/18/10 | Brian Schwartz

Posted on 03/22/2010 6:58:30 AM PDT by ICAB9USA

From Tim Carney’s article in the Washington Examiner, Dems tap drug maker millions for PhRMA-friendly bill:

Of all the single-industry lobbies in Washington, the largest is the Pharmaceutical Researchers and Manufacturers of America. PhRMA spent $26.2 million on lobbying last year — that’s nearly three times as much as the insurance lobby, America’s Health Insurance Plans, which spent $8.9 million.

If you include individual companies’ lobbying, pharmaceuticals blow away the competition, beating all other industries by 50 percent, according to data at the Center for Responsive Politics.

Given this Big Pharma clout, it’s unsurprising that the bill Obama’s whipping for — Senate bill — has nearly everything the drug companies wanted: prohibiting reimportation of drugs, preserving Medicare’s overpayment for drugs, lengthy exclusivity for biotech drugs, a mandate that states subsidize drugs under Medicaid, hundreds of billions in subsidies for drugs, and more.

Read the whole article:

(Excerpt) Read more at patientpowernow.org ...


TOPICS: Crime/Corruption; Government; News/Current Events
KEYWORDS: corruption; drugs; healthcare; money; obamacare; pharma; pharmaceutical

1 posted on 03/22/2010 6:58:30 AM PDT by ICAB9USA
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To: ICAB9USA

These jerks cut their own throats and they just don’t know it, yet. Lay with dogs and you get fleas, play with snakes and you get bit.


2 posted on 03/22/2010 7:01:08 AM PDT by Mouton
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To: ICAB9USA
Thanks for the post! I don't agree with Health Ranger's politics altogether, but I agree with him on issues regarding holistic health, and he weighed in on this topic as well: Health care reform bill dooms America to Pharma-dominated sickness and suffering.
3 posted on 03/22/2010 7:03:33 AM PDT by mlizzy ("Do not wait for leaders; do it alone, person to person" --Mother Teresa.)
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To: Mouton

Yes ...... the pharmaceutical lobbyists helped write the bill ....... and now the fan and the sh*t get some real action.


4 posted on 03/22/2010 7:05:14 AM PDT by ICAB9USA (…… an Executive Order reasserting the intentions of the Hyde Amendment will be fulfilled (not))
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To: mlizzy
Yes ....... a pill for every ill.
5 posted on 03/22/2010 7:06:14 AM PDT by ICAB9USA (…… an Executive Order reasserting the intentions of the Hyde Amendment will be fulfilled (not))
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To: ICAB9USA

The supporters of this bill have no idea of what it is going to do, they just think they now will get free health care, and will now just go back to watching American Idol, happy in that knowledge.

They’re in for a rude awakening.


6 posted on 03/22/2010 7:07:09 AM PDT by dfwgator
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To: ICAB9USA

Without the market dynamic any more, why should they give us anything new?


7 posted on 03/22/2010 7:07:36 AM PDT by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: ICAB9USA

yup meds are going to go sky high and so will hospital costs


8 posted on 03/22/2010 7:07:47 AM PDT by dalebert
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To: ICAB9USA
Fascism.
9 posted on 03/22/2010 7:08:54 AM PDT by Eric in the Ozarks (Impeachment !)
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To: dalebert

Pressure will be on the efficiency/death/rationing panels to use old cheap drugs. Big Pharma will find itself sans customers.


10 posted on 03/22/2010 7:09:06 AM PDT by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: ICAB9USA

So did the insurance companies. That’s the beauty of the system. The liberals think that they win but it all comes down to the Benjamins. Imagine if the insurance companies could dump their high cost clients on the government and keep the lower cost clients.


11 posted on 03/22/2010 7:11:11 AM PDT by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
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To: ICAB9USA

AARP loves O-care too. Take the money you would spend on AARP, save it, and then you will have a fund ready if you need hospitalization.


12 posted on 03/22/2010 7:11:57 AM PDT by Carley (Are you better off now than one year ago? HELL NO!!!!!)
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To: HiTech RedNeck

may be....I am wondering what will happen to all the state programs ....we have sooner care in OK and there is another type of coverage in Texas....many states already cover uninsured. there really was no good reason for this except fed control...taking more power from the states...and getting more tax dollars in the coffers...


13 posted on 03/22/2010 7:12:09 AM PDT by dalebert
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To: Eric in the Ozarks

Someone who knows what they’re doing needs to start following the money now.
I believe a lot of it will be flowing to Obama, Pelosi, etc.


14 posted on 03/22/2010 7:12:17 AM PDT by philetus (Keep doing what you always do and you'll keep getting what you always get.)
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To: ICAB9USA
Yes ....... a pill for every ill.

Exactly! My hearing-aid guy weighs well over 300 pounds, can barely move and is in obvious discomfort with dis-ease. He has about 10 or 11 prescription bottles on his desk. I would well imagine some are to counteract the side effects of others. We've gone the holistic route at our household. My DH just asked for the bottle of peppermint oil because his stomach was bothering him. Only a drop in hot water took care of the issue, as I currently am drinking my spiked-with-cayenne-pepper-tincture water. While some prescriptions are necessary, I think most illness can be aided (or prevented) by holistic means.

Oils from God
15 posted on 03/22/2010 7:15:33 AM PDT by mlizzy ("Do not wait for leaders; do it alone, person to person" --Mother Teresa.)
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To: philetus
The drug companies bought in to Obamacare early on. Barky’s chastisement of ‘big Pharma’ and insurance companies was a head fake.
16 posted on 03/22/2010 7:15:43 AM PDT by Eric in the Ozarks (Impeachment !)
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To: ICAB9USA

How heavily are Dems invested in health care related stocks?


17 posted on 03/22/2010 7:18:31 AM PDT by philetus (Keep doing what you always do and you'll keep getting what you always get.)
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To: ICAB9USA
Yeah, what these useful idiots don't realize is that they are going to have their time--if BHO stays in power, their goose will be cooked by him eventually.

If he doesn't stay in power, the conservatives replacing him ought to be sure they pay a price for their evil coalition with him.

18 posted on 03/22/2010 7:20:36 AM PDT by SoFloFreeper
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To: ICAB9USA

laugh while you can, boys....the looters are coming back for price controls and reimportation sooner than you think


19 posted on 03/22/2010 7:24:07 AM PDT by Buckeye McFrog
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To: ICAB9USA

“PhRMA chief Billy Tauzin, who was vilified by Obama on the campaign trail, worked out much of this sweetheart deal in a West Wing meeting with White House Chief of Staff Rahm Emanuel. Tauzin visited the White House at least 11 times. He left his imprint so deeply on the current bill that it should probably be called BillyCare rather than ObamaCare.

Recall that pharmaceutical executives and political action committees dug deep trying to save the flailing candidacy of Democrat Martha Coakley in Massachusetts — a race that was explicitly a referendum on health care. She took in more than 10 times as much drug company cash as Republican Scott Brown.

This week, PhRMA, through a front group called Americans for Stable Quality Care, is rolling out millions of dollars in advertisements for the Democrats’ jury-rigged package consisting of the BillyCare bill and some as-yet-undetermined “budget reconciliation” measure. The ads reportedly will target wavering Democrats.

But supporters of BillyCare will continue to attack opponents as shills for insurance companies, demonizing, as Obama puts it, “those who profit from the status quo.”

Let’s look at those profits. Drug makers’ combined profit margin last year was 22.2 percent, compared with insurers’ 4.4 percent. Drug maker Merck’s net income, $12.9 billion, exceeds that of the 10 largest insurers combined”

The insurance companies have been demonized for the past decade or more. My impression in personal dealings are that the big drivers on the runaway cost side are the drug companies and hospitals themselves due to an environment manufactured in Washington. The insurance companies are operating in a very difficult environment.


20 posted on 03/22/2010 7:26:00 AM PDT by bereanway (Sarah get your gun)
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To: philetus

Given this Big Pharma clout, it’s unsurprising that the bill Obama’s whipping for — Senate bill — has nearly everything the drug companies wanted.
All of them


21 posted on 03/22/2010 7:29:48 AM PDT by Vaduz
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To: Buckeye McFrog

SEC installs blinders we see no in-sider trades.


22 posted on 03/22/2010 7:31:49 AM PDT by Vaduz
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To: mlizzy

Thanks so much for that great link. I read recently about oil of oregano and its powerful antibiotic properties.


23 posted on 03/22/2010 7:52:49 AM PDT by SamiGirl
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To: HiTech RedNeck
Without the market dynamic any more, why should they give us anything new?

Research just went out the window.

24 posted on 03/22/2010 8:16:37 AM PDT by bgill (The framers of the US Constitution established an entire federal government in 18 pages.)
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To: SamiGirl
Thanks so much for that great link. I read recently about oil of oregano and its powerful antibiotic properties.

You are welcome. Oregano Oil is "powerful" indeed. It *does* work similarly to antibiotics, except it's all natural, and there are no ill side effects. Here's a link to the "blog" of the Web site. These are true stories... Oils from God Blog

If you ever want to try it, remember to purchase *only* therapeutic grade.
25 posted on 03/22/2010 8:39:44 AM PDT by mlizzy ("Do not wait for leaders; do it alone, person to person" --Mother Teresa.)
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To: philetus

Very


26 posted on 03/22/2010 2:25:49 PM PDT by ICAB9USA (…… an Executive Order reasserting the intentions of the Hyde Amendment will be fulfilled (not))
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