Sunday, July 10, 2011

Pharma Industry increases lobbying efforts to sidestep drug discounts

Media_httpwwwlatimesc_budxk

"To let pharmaceutical companies get away with paying nothing while poor and disabled people lose health coverage is unconscionable," said Rep. Henry Waxman (D-Calif.), who has sponsored legislation to force the industry to provide greater discounts.

The nonpartisan Congressional Budget Office has estimated that could save $112 billion over the next decade.

The additional discounts were also endorsed last year by the bipartisan fiscal commission, led by former Sen. Alan Simpson (R-Wyo.) and former White House chief of staff Erskine Bowles.

Posted via email from Jack's posterous

No comments: