Big Pharma spent $3.6 Mil in lobbying the Federal Government..
June 21st, 2008 | by Dusty | Published in Daily Featured, Health Care | 4 Comments
In the FIRST QUARTER of the year..that’s only three freaking months People! From Forbes:
The Pharmaceutical Research and Manufacturers of America, whose members include Pfizer, Amgen Inc. and Eli Lilly & Co., lobbied on how prices are set for seniors’ medications, rules governing drug imports and other issues.
Here are the issues that Big Pharma took ‘issue’ with and lobbied against:
_ A proposal that would have allowed the government - not private health insurers - to negotiate drug prices for seniors in Medicare. The measure, aimed at wringing lower prices from drug makers, has stalled in the House since President Bush threatened to veto it.
_ Legislation that would allow the U.S. to import cheaper prescription drugs from Canada and other foreign countries. Proponents said foreign competition would help drive down U.S. drug prices, but the pharmaceutical industry warned it could expose Americans to counterfeit medications.
_ Patent reform legislation that it argued could weaken legal protections on drug patents. High-tech companies supported the bill that passed the House last year aimed at improving the U.S. patent system, but the pharmaceutical lobby argued it could weaken protections by reducing infringement penalties. The bill has stalled in the Senate.
_ Various bills that would allow generic drug companies to sell cheaper copies of biotech drugs. Unlike traditional chemical drugs, biotech drugs have never faced generic competition because the Food and Drug Administration lacks authority to approve the cheaper copies.
Greed..it’s just amazing how deep into the depths of hell humans will go to get over on people or groups of people ain’t it? They make a decent bottom line yet they always want more. If you extrapolate it out for the entire year..its a mind-numbing $14.4 Million.
June 21st, 2008at 11:52 am(#)
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June 22nd, 2008at 8:21 am(#)
“Show me the Dead Canadians”- a remark I heard when the US Government was trying to argue the fear that Canadian prescriptions were not as safe. They are teh same meds, made by the same manufacturers, for vastly lower prices. The only thing to fear is big pharma losing their sinful profits.
frans last blog post..How low will they go?
June 22nd, 2008at 8:28 am(#)
Thats a big fat fucking lie Fran and we all know it. It’s greedy little Drug company bastards that want all the money for themselves.
June 25th, 2008at 8:55 am(#)
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