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Reply #73: Then there was the Big Pharma backroom deal as well [View All]

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whosinpower Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-05-11 06:42 PM
Response to Reply #56
73. Then there was the Big Pharma backroom deal as well
And the big pharma deal?
http://www.latimes.com/features/health/la-na-healthcare-pharma4-2009aug04,0,3660985.story

snip - Reporting from Washington — As a candidate for president, Barack Obama lambasted drug companies and the influence they wielded in Washington. He even ran a television ad targeting the industry's chief lobbyist, former Louisiana congressman Billy Tauzin, and the role Tauzin played in preventing Medicare from negotiating for lower drug prices.

Since the election, Tauzin has morphed into the president's partner. He has been invited to the White House half a dozen times in recent months. There, he says, he eventually secured an agreement that the administration wouldn't try to overturn the very Medicare drug policy that Obama had criticized on the campaign trail.

"The White House blessed it," Tauzin said.

snip - If a package passes Congress, the pharmaceutical industry has pledged $80 billion in cost savings over 10 years to help pay for it. For his part, Tauzin said he had not only received the White House pledge to forswear Medicare drug price bargaining, but also a separate promise not to pursue another proposal Obama supported during the campaign: importing cheaper drugs from Canada or Europe.

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