• News
  • Celebrities
  • Finance
  • Crypto
  • Travel
  • Entertainment
  • Health
  • Others

An End to That $80 Billion Pharma Deal?

So writes The New York Times, reporting today that the nation’s drug makers are prepping to pay more, under the Democrats’ final health reform bill, than the $80 billion they volunteered in an agreement made with some Democrats earlier in the year.

As the health care bills move toward a House-Senate conference, the liberals appear poised to lose on so many other issues — including a proposed government-run insurer, a so-called Cadillac tax on expensive health plans and an independent Medicare-cutting commission — that the drug makers have come to accept that their deal may have to be modified, the lobbyists said.

Some industry lobbyists say the added costs could come to as much as $20 billion more.

The deal with Big Pharma has been controversial, not least of all because it was cut by Senate Finance Committee Chairman Max Baucus (D-Mont.) — and then endorsed by the White House — without any input from House Democrats. That move riled some lower-chamber leaders, including Rep. Henry Waxman (D-Calif.), who stuck a provision into the House bill that would break the deal by allowing states to negotiate directly with drug makers on behalf of their lowest-income seniors — one of the major differences between the two chambers’ bills that will have to be ironed out during the conference negotiations.

Of note, the $20 billion in additional concessions the industry is expecting is much less than Waxman’s provision asks. Indeed, a similar proposal shot down by the Finance Committee was estimated to save the government more than $100 billion.

Discussion & Comments (0)

    Recent Articles

    • Things You Should Know about North America

      Things You Should Know about North America

      Get to know more about North America.

    • Eurovision 2010 Paula Seling Unpredictable Contest

      Eurovision 2010 Paula Seling Unpredictable Contest

      Paula Seling's experience on the Eurovision stage led her to declare that "Eurovision is an unpredictable contest". Which may explain the success of the young Lena from Germany, about whom the predictions before the event did not offer much chances for victory.

    • VIPRow.me - The Best Sports Streaming Website Today

      VIPRow.me - The Best Sports Streaming Website Today

      Have you ever contemplated creating a user-friendly site dedicated to sports-related free live streaming channels?

    • Learn How To Download, Install, And Use The Xnxubd 2022 Frame App

      Learn How To Download, Install, And Use The Xnxubd 2022 Frame App

      XNXUBD 2022 Nvidia users are able to watch thousands of videos and other contents online. XNXUBD 2022 Nvidia New is a piece of software that enables people to watch videos online without having to pay for memberships. On a graphics card, the XNXubd also provides some of the best gaming and virtual reality experiences.

    • Xvideostudio Video Editor Apk Free Download For Pc Full Version In 2022

      Xvideostudio Video Editor Apk Free Download For Pc Full Version In 2022

      A new edition of the Video Editor Apk for xVideostudio.Video Studio has all the latest features, including support for multiple video download formats in HD, FHD, and even 4K resolutions.

    • 9 Best Lotion For Masturbation - Popular Choice For 2022

      9 Best Lotion For Masturbation - Popular Choice For 2022

      Masturbation is a common activity for men and women. It's a natural and risk-free way to explore your body, experience pleasure, and release sexual tension.

    • Reasons Why You Need To Stop Watching Movies From Sflix

      Reasons Why You Need To Stop Watching Movies From Sflix

      Without having to sign up or pay anything, you can watch movies online for free with SFlix. It has more than 10,000 movies and television shows.

    • Coi Leray Mom And Dad's Family History & Wife, Explained

      Coi Leray Mom And Dad's Family History & Wife, Explained

      Coi Leray Collins (born May 11, 1997) is a rapper from the United States. Leray started publishing songs to SoundCloud in 2014, and in 2018 she released her breakthrough track "Huddy" as well as her first mixtape, Everythingcoz.

    • Listen And Download Music On MyFreeMP3 For Free

      Listen And Download Music On MyFreeMP3 For Free

      Are you in a bind and looking for a place to obtain free mp3 songs? Never again will you need to bother, since this article has everything necessary to obtain your solution. Download free music from MyfreeMP3.com, one of the world's most popular websites.