Waxman prepares to roll big Pharma…

Ahh Billy, Billy. What were you thinking trusting any deal with this Administration? Tsk, tsk. Karmic backlash.

Ed has all the details at HotAir:

Barack Obama picked up considerable political support for his overhaul of the American health-care system by promising a limit on price concessions to the pharmaceutical manufacturers.  They signed onto ObamaCare after getting assurances that their givebacks would amount to no more than $80 billion over 10 years and that the federal government would not try to bargain for lower pricing using its advantage through Medicare.  Henry Waxman plans to renege on just about every aspect of that agreement:

As the health care debate focuses on whether cost cuts are looming in Medicare coverage, Representative Henry A. Waxman is on a crusade to save Medicare billions of dollars — in a way that he says would end up helping the elderly.

That is because the money would come from the drug industry, which is why Mr. Waxman may have a fight on his hands.

Drug makers contend they have already worked out a 10-year, $80 billion cost-savings deal with the White House and crucial Senate gatekeepers on the trillion-dollar health care overhaul. The industry says that trying to add Mr. Waxman’s provision could scuttle that agreement.

“You not only break the deal, but you break the bank for us,” said Billy Tauzin, chief executive of the drug industry’s trade group, the Pharmaceutical Research and Manufacturers of America, known as PhRMA….

Cry me a river Billy you jaggoff. Pharma has the biggest profit margin of all the playas in this line of business and they were skating away, just like they did on Medicare PT D, and leaving Americans to bear the brunt of a POS reform package in some kind of frakkin protection racket they have going up in the Oval these days…Nice little pill business you have there, shame if anything were to happen to it…as we have said here numerous times, if he sold out Americans for 150m ad deal in exchange for ‘protection’ from the jackboots running the House right now he is a fool.

Phil Collins video courtesy of nik0la007

August 26, 2009. Tags: , , , , , , . Healthcare, Obama Administration, Politics.

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