{"id":2027,"date":"2009-11-11T16:24:11","date_gmt":"2009-11-11T21:24:11","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=2027"},"modified":"2009-11-11T16:26:52","modified_gmt":"2009-11-11T21:26:52","slug":"phrma-getting-rich-from-obamacare","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/2027\/phrma-getting-rich-from-obamacare\/","title":{"rendered":"PhRMA Getting Rich from ObamaCare"},"content":{"rendered":"<p>Earlier this year <a href=\"http:\/\/www.imshealth.com\/\" target=\"_blank\"><span style=\"text-decoration: underline;\">IMS Health<\/span><\/a> projected the American drug industry to contract slightly in the next few years, at a rate of 0.01 percent.  In an updated report, however, the industry now stands to turn in healthy profits.<\/p>\n<p>This change in good fortune is not because of a surging economy; it\u2019s because of backroom deals with the White House and Congress.  According to the report, the industry is expected to grow by 3.5% next year, and is set to rake in about <a href=\"http:\/\/www.huffingtonpost.com\/2009\/11\/11\/pharma-deal-with-white-ho_n_353499.html\" target=\"_blank\"><span style=\"text-decoration: underline;\">$137 billion<\/span><\/a> over the next four years.<\/p>\n<p>Behind this paradox is the Obama Administration\u2019s <a href=\"http:\/\/www.tnr.com\/blog\/the-treatment\/new-evidence-pharmas-sweetheart-deal\" target=\"_blank\"><span style=\"text-decoration: underline;\">deal with the drug companies<\/span><\/a>.  IMS states that ObamaCare is actually going to \u201clead to higher priced brand [non-generic] products.\u201d<\/p>\n<p>So drug companies, the villain and devil-incarnate for much of the left-wing, will soon gain another $137 billion because of the Obama Administration?  Wasn\u2019t President Obama supposed to be the destroyer of all evil in the world?<\/p>\n<p>These newfound profits might be surprising, but it comes as no surprise that former Representative Billy Tauzin leads PhRMA and still has plenty of political clout in Washington, D.C.<\/p>\n<p>You might recall Tauzin, architect of the <a href=\"http:\/\/clerk.house.gov\/evs\/2003\/roll669.xml\" target=\"_blank\"><span style=\"text-decoration: underline;\">2003 Prescription Drug Bill<\/span><\/a>, who then bolted for his current cushy position at PhRMA.<\/p>\n<p>What capitalism creates \u2026 crony-capitalism destroys.<\/p>\n<p>HT: <a href=\"http:\/\/www.huffingtonpost.com\/2009\/11\/11\/pharma-deal-with-white-ho_n_353499.html\" target=\"_blank\"><span style=\"text-decoration: underline;\">Huffington Post<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earlier this year IMS Health projected the American drug industry to contract slightly in the next few years, at a rate of 0.01 percent. In an updated report, however, the industry now stands to turn in healthy profits. This change in good fortune is not because of a surging economy; it\u2019s because of backroom deals [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[480,35,479,14,44],"class_list":["post-2027","post","type-post","status-publish","format-standard","hentry","category-posts","tag-billy-tauzin","tag-obamacare","tag-phrma","tag-president-obama","tag-white-house"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/2027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=2027"}],"version-history":[{"count":2,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/2027\/revisions"}],"predecessor-version":[{"id":2029,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/2027\/revisions\/2029"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=2027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=2027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=2027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}