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03-05-2009, 02:28 AM #1
Health industry supports Obama's plan
Just four months ago, the pharmaceutical industry was prepared for the worst. Drugmakers feared that Barack Obama would press for price controls on prescription drugs and readied plans for a multimillion-dollar ad campaign against the idea.
Instead, Obama chose a more modest approach after becoming president, proposing to extract bigger discounts on medications bought through Medicaid. The plan could save the drug companies billions a year compared with price controls.
"This is a great start," said W.J. "Billy" Tauzin, a former House member from Louisiana who now runs the Pharmaceutical Research and Manufacturers of America (PhRMA), referring to Obama's health-care plan. "There are things we don't like about it. But there's time to discuss all that."
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03-05-2009, 10:18 AM #2
The "health" industry isn't solely made up of the pharmaceutical companies though...Of course they're happy right now, they found out they're not going to lose as much money as they thought.
It's Obama's stock answer for everything: make government bigger. If you think health care is bad as ran by the private sector, wait until the most ineffective and inefficient organization in the world gets it's hands on it. It may be cheaper, but as the old saying goes, you get what you pay for.
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