Pharmaceuticals Anonymous

Friday, August 7, 2009

NYT: Democrats say no to cost cap for drug manufacturers

Botox in the deal
for Nancy?

"Ms. Pelosi, many House and Senate Democrats and most of the administration’s liberal allies had assumed that the $80 billion was more of a starting point than a firm commitment.

“We know we can squeeze more from the system,” Ms. Pelosi told a Washington Post blogger a few weeks ago. “The minute the drug companies settled for $80 billion, we knew it was $160 billion.”

“The president made the agreements he made,” she added. “And maybe we’ll be limited by that. But maybe not!”

After Mr. Waxman’s committee approved a House bill last Friday allowing government negotiation of drug prices and requiring additional price rebates, the drug lobbyists began demanding public reassurances from the White House — until Jim Messina, the deputy chief of staff, confirmed the lobbyists’ understanding of the deal in a Wednesday night e-mail message. (A White House spokesman said Thursday that the confirmation was unrelated to the lobbyists’ pressure.)"


UPDATES: William Greider in The Nation says this deal stinks.
Huffington Post reveals an internal memo about deals the White House cut with Pharma.