I did not know that President Trump is the same person as Michael Cohen. Unless they are, then Michael Cohen made a deal with Pharma.... just like Obama did.... You had no problem with obama making a deal, but now you have a problem with a lawyer, who did not deliver, making a deal to talk about obamacare.....
Huffington Post notes that the Big Pharma Lobby group, PHRMA, and Obama’s White House concocted the following deal as outlined in a leaked internal memo:
Commitment of up to $80 billion, but not more than $80 billion.
1. Agree to increase of Medicaid rebate from 15.1–23.1% ($34 billion)
2. Agree to get FOBs done (but no agreement on details — express disagreement on data exclusivity which both sides say does not affect the score of the legislation.) ($9 billion)
3. Sell drugs to patients in the donut hole at 50% discount ($25 billion)
This totals $68 billion
4. Companies will be assessed a tax or fee that will score at $12 billion. There was no agreement as to how or on what this tax/fee will be based.
Total: $80 billion
In exchange for these items, the White House agreed to:
1. Oppose importation
2. Oppose rebates in Medicare Part D
3. Oppose repeal of non-interference
4. Oppose opening Medicare Part B
So basically, Pharma companies collectively agreed to an $80 Billion investment in Obamacare, and in return received pricing protection for their drugs via the last 4 points above.
Bad Bob wrote:
Trump pay to play is fine with you?