Smoking gun: Memo proves secret deal denied by Obama and pharma?
• Hot AirMaybe Naked Emperor News was right. Maybe this really is the mother of all Obama lies. Thanks, HuffPo! Maybe Naked Emperor News was right. Maybe this really is the mother of all Obama lies. Thanks, HuffPo! It says the White House agreed to oppose any congressional efforts to use the government’s leverage to bargain for lower drug prices or import drugs from Canada — and also agreed not to pursue Medicare rebates or shift some drugs from Medicare Part B to Medicare Part D, which would cost Big Pharma billions in reduced reimbursements. In exchange, the Pharmaceutical Researchers and Manufacturers Association (PhRMA) agreed to cut $80 billion in projected costs to taxpayers and senior citizens over ten years. Or, as the memo says: “Commitment of up to $80 billion, but not more than $80 billion.” Representatives from both the White House and PhRMA, shown the outline, adamantly denied that it reflected reality. PhRMA senior vice president Ken Johnson said that the outline “is s
