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The big money, big prophets in the drug companies is a myth. No matter how many times Obama and Pelosi repeat it, still a myth!
The bill unveiled by Senate Finance Committee Chairman Max Baucus has been blasted as a major giveaway to insurance companies. But the even bigger winners are the drug makers.
That's because the Baucus bill matches up, nearly to the letter, with the secret deal that he, the White House and Big Pharma struck over the summer -- a deal the various parties roundly denied had been struck when it went public...
Originally posted by marg6043
reply to post by ProtoplasmicTraveler
I agree we all Americans need to fight for the unconstitutionality of the health care bill, it can be challenged but it required the people's and voters efforts, we should not be forced into services and goods mandated by the government.
Actually, what isn't apparent from the 3.8% profit is how that "profit" is derived. Hidden in company expenses are exorbitant executive pay and bonuses:
Now rather than focus on the constitutionality of the health care bill the targeting issue is became the Public option and since the second bill passed is abortion issues.
The big phama in the US get government incentives and tax payer money for reseach, the last I read about it was about 25 million of tax payer money.
Who cares about abortion when we got an issue of constitutionality in our hands with this bill.
The President said that he didn’t think the question over the appropriateness of possible jail time is the “biggest question” the House and Senate are facing right now.
I don't agree with their executive compensation, their profit per dollar of drug sales, their donations, etc. but I think the government has no right to do further regulation.
The Sherman Antitrust Act (the full text of which can be found here) authorized the Federal Government to dissolve the trusts. It began with the statement: "Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is declared to be illegal." And it established penalties for persons convicted of establishing such combinations: ". . . shall be punished by fine not exceeding $10,000,000 if a corporation, or, if any other person, $350,000, or by imprisonment not exceeding three years, or by both said punishments, in the discretion of the court."
Actually, the government not only has the right, in this case, but they have an OBLIGATION under the law to do so. The Sherman Antitrust Act mandates it:
Government-Created Monopolies. In many cases, monopolies have arisen because the government has given a firm the exclusive right to sell a particular good or service. For example, when a pharmaceutical company discovers a new drug, it can apply to the government for a patent. If the patent is granted, the firm has the exclusive right to produce and sell the drug for a set number of years. The effects of such a government created monopoly are easy to see. In the case of the pharmaceutical company, the firm is able to charge higher prices for its patented product and, in turn, earn higher profits. With these higher profits, the firm is able to complete further research in its quest for new and better drugs. The government can create a monopoly when, in doing so, it is in the interest of the public good.
M NOT PAYING A DIME on this mandated health insureance, that will so called "help out american citizens".