Category: Admin, Date: June 23, 2007
Yep, Big Pharma twisted enough arms in Congress to get its Medicare drug bill passed, during the wee hours of the night. Prescription drugs are higher in the U.S. than anywhere else in the world. And now Big Pharma is passing more of that cost to Medicare, by not allowing them to negotiate lower prices for the millions of drug prescriptions they purchase annually. Big Pharma and Congress sold us out again. Even “60 Minutes” reported on this outrageous scam. See the movie clip on this page.
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Trillion Dollar Health Scam
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Drug companies are billing the U.S. public for AT LEAST $1 trillion.
This is, without any doubt in my mind, one of the biggest scandals in the history of the United States.
This Medicare drug plan fiasco enriches pharmaceutical companies, fleeces taxpayers, and forces millions of older Americans to accept inferior drug coverage–while doing nothing to address the real reasons prescription drugs cost so much.
The financial impact of this legislation on taxpayers cannot be overstated. Government projections that the drug program will cost $400 billion over the next decade cannot be trusted, as existing Medicare programs cost–four times more than was estimated when they were created.
The likely cost is at least $1.5 trillion over 10 years, and much more in following decades as the American population grows older.
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| I am absolutely SHOCKED that this ever made it to national TV on Sixty Minutes. |
Most Profitable Industry in the World
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View the CBS News Video below. |
This entry was posted on Saturday, June 23rd, 2007 at 11:39 pm and is filed under Admin.
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