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Reform for Raising Prices
Following its earlier report about record-breaking increases on drug prices, the NYT today editorializes that Congress should abandon its "deal" with the drug industry, which traded industry support for healthcare reform for $80 B in price cuts, mainly to Medicare and Medicaid.
http://www.nytimes.com/2009/11/18/opinion/18wed3.html?emc=tnt&tntemail1=y
The industry claims are all those we've heard in every other context in which its interest has needed defending--the price of new drug development, meeting FDA's regulatory demands, etc., etc..
How real was this "deal" ever? Is it time to fuggedaboudit?
Wednesday, November 18, 2009
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Dear Mr. Ponzi,
ReplyDeleteThe administration’s Office of Management and Budget has reviewed your math, and I must say we like what we see. Our computations show that if you raise prices 9% and then reduce them by 8%, you will break even, the consumer will think they got a deal, and the government will have another feather in its cap.
I am happy to report, we have adopted your formula into our economic recovery plan for 2010. We are planning to quietly raise taxes by 10% before announcing a 5% across-the-board tax reduction. We hope to use the windfall to buy Congress an improved health plan.
Very best regards,
Sam
hmmm...after reading what Sam had to say,I think we should fuggedaboudit.
ReplyDeleteThe following editorial from today's NY Times may be of interest to your readers.
ReplyDeletehttp://www.nytimes.com/2009/12/12/health/12medicaid.html?pagewanted=1&_r=1&ref=business
As of 9:30 AM EDT, on May 3, 2010, Ed's Pharmalot site has been knocked offline.
ReplyDeleteThis could be a temporary back up site, no?
Namaste
As of 6:30 AM EDT, on July 21, 2010, Ed's Pharmalot site has been knocked offline.
ReplyDeleteThis could be a temporary back up site, no?
Namaste
Looking here for information about Pharmalot. Any news about why it's down or when it will be back up?
ReplyDeleteHave not posted here in some time and only recently visited Pharmalot. I have not seen any recent Posts by Justice. Is he still active?
ReplyDeleteAs of 6:30 AM EDT, on October 5, 2010, Ed's Pharmalot site has been knocked offline.
ReplyDeleteThis could be a temporary back up site, no?
Namaste
This is getting to be a regular thing. It must be driving Ed nuts.
ReplyDeleteNow it reads "Site Not configured". That notice is as of 9 AM EDT on Wed. October 6, 2010.
ReplyDeleteIf you click the WebFaction link at the top, it says that old style web hosting is dead, etc etc.
ReplyDeleteI'd hate to think it might all be gone.
I spoke with Ed.
ReplyDeleteHe said that Pharmalot was supposed to be down for one hour yesterday morning for some repairs and they ran into some problems. If it isn't back online too late today he will post some items later. Otherwise he will resume in the morning.