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Tag Archives: 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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Drugstores cashing in big on Obamacare expansion of drug subsidy

Some hospitals which serve struggling areas have long qualified for the program which forces drug makers to sell their products at steep discounts. This was supposed to reward the hospitals for providing needed services. Since the patients, and their insurance companies are charged full price, this program, the 340B drug subsidy program, is a sweet deal for the hospitals.

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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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