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Tag Archives: big pharma

Leaked: Obama’s TPP will raise cost of medicine, creates protections for pharmaceutical industry

You’ve got to hand it to Obama in a weird way. He does a good job of placating his populist flank while his administration does the bidding of large corporations. Obamacare is one example, net neutrality is another, the TPP yet another.

One of the reasons we have generally opposed the Trans Pacific Partnership, even though we are big fans of international free trade, is because the agreement is likely chock full of crony deals. There’s a reason why so much secrecy surrounds the thing.

But we have been getting glimpses of the paper beast. The most recent comes from Politico.

Looks like the drug companies are about to have a big (and ongoing) international payday. Thing is this payday comes not from innovation and the satisfaction of customers but from privileges written into the TPP for pharma. At least they appear to be in the agreement at this point.

Obama is arguably the best friend Big Pharma ever had.

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Pharma: Hotbed of Crony Capitalism

These recent stories (from The Alliance for Natural Health-USA) are just a small part of the total story of the alliance between government and the drug companies (Pharma).

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How much is Obamacare REALLY going to raise your premiums? (in most states, quite a lot) Part 2: The raw study by the Society of Actuaries

It is interesting to me how wedded some people are to the idea that Obamacare is not a crony capitalist disaster. I understand why. It is the president’s signature piece of legislation. It has long been the dream of many in this country to implement nationalized healthcare. To acknowledge that what at first appeared to be an important political victory is likely anything but, is a hard pill to swallow.

If Obamacare fails it also means that Obama fails historically, and that is also very difficult.

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Christian Science Monitor: Paul Ryan and Obamacare: Can (should) he stop Ted Cruz’s government shutdown?

Can he? I think the real question is – should he?

Obamacare is a bundle of crony capitalist red tape which will make your life more difficult. There are exceptions of course. If one is a drug company there is a good chance that one is going to make a ton of money with Obamacare, so your life might get better. But for most of us, this won’t be the case.

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Drug companies love Medicare Part D, Billions in taxes go right to Pharma

Putting aside that the author repeatedly refers to “excessive profits” (who is he to determine what is excessive?  In fact I’d say that there is no such thing – in a free market) and his misunderstanding of the Big Oil tax breaks (they are not subsidies, still market distorting, but not subsidies) and the other partisan talking points, he correctly identifies how Medicare Part D has become a direct revenue line from tax payers to the bottom line of the large drug companies, and the attached graph is worth a look.

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Are the Medical Journals Entirely in the Hands of Big Pharma?

Can we trust what comes out of the medical journals if 97% of the advertising within these journals is bought by pharmaceutical companies? Considering that these journals determine much of the direction of healthcare research and policy, it’s a question which needs to be asked seriously. Remember Big Pharma wrote a big piece of Obamacare.

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