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Junking ObamaCare Might Help Bristol-Myers Squibb
Investors Business Daily ^ | April 17, 2012 | By PAUL WHITFIELD

Posted on 04/17/2012 3:17:13 PM PDT by Oldeconomybuyer

If ObamaCare is sent to history's junk pile, who wins in the medical sector?

For now, legislation already has saddled Bristol-Myers Squibb (BMY) with a number of burdens. For example, the minimum rebate on Medicaid drug sales was increased from about 15% to about 23%.

Bristol-Myers Squibb estimates all the ObamaCare fees and changes implemented so far cost the company 10 cents a share in 2010 and 24 cents a share in 2011.

Earnings per share increased 17% in 2010, but would've grown 22% without ObamaCare. Last year, earnings rose 6%. Without the new law, EPS would've grown 12%.

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: failure; obamacare; scotus; socialism
Some of the hidden taxation in Obamacare.
1 posted on 04/17/2012 3:17:21 PM PDT by Oldeconomybuyer
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To: Oldeconomybuyer
Junking ObamaCare MightWill Help Bristol-Myers SquibbAmerica

Fixed.

2 posted on 04/17/2012 3:23:45 PM PDT by SoFloFreeper
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To: Oldeconomybuyer
All contributions are for the Current Quarter Expenses.


Donate to Free Republic!

3 posted on 04/17/2012 3:25:49 PM PDT by Jim Robinson (There's no crying in rebellion!!)
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To: Oldeconomybuyer
The thing that matters most to me is that repeal will help me and my family.I also like the fact that repeal will also help the nation that's been so good to me and my family.If it helps a drug company as well so be it.
4 posted on 04/17/2012 3:31:44 PM PDT by Gay State Conservative (Unlike Mrs Obama,I've Been Proud Of This Country My *Entire* Life!)
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To: Oldeconomybuyer
Well, fine. I got nothing against BMY, especially compared to the leviathan gubbermint.
5 posted on 04/17/2012 3:31:44 PM PDT by hinckley buzzard
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To: hinckley buzzard

This is Great. ZeroCare is a Product of Drug Companies. And now it’s coming home to even Those short sighted scum.

I got your Bristol Meyers Squibb for you. Right Here: BMY’s own noxious, disgusting, Abilify.

http://psychroachesadverseevent.blogspot.com/2009/03/abilify-adverse-reactions.html

And BTW: the stuff is Literally a Brain Eater

http://bonkersinstitute.org/graymatter.html

Hinckley, you’ve told us you’re a Psychiatrist on other posts here. Do you receive any honoraria or speakers fees from these cretins? If you’re a Psychiatrist how can you Not know what BMS and their Abilify are?

Do you prescribe this stuff to people? And if you do do you tell them what it Really Is?


6 posted on 04/17/2012 4:35:11 PM PDT by To-Whose-Benefit? (It is Error alone which needs the support of Government. The Truth can stand by itself.)
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Stop this Marxist! Donate to Free Republic!

7 posted on 04/17/2012 5:28:38 PM PDT by RedMDer (https://support.woundedwarriorproject.org/default.aspx?tsid=93)
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