Under the deal, brokered by Sen. Max Baucus, D-Mont., chairman of the Senate Finance Committee, drug companies agreed to pay half the cost of prescription drugs that fall under the "doughnut hole" in the Medicare Part D prescription drug benefit. Now, Medicare beneficiaries are responsible for paying the full cost of their prescription drugs once they exceed $2,700 per year, up to $6,154 per year.
President Obama welcomed the agreement in a statement Monday.
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If they're willing to throw away $80bln, they can afford a hundred times that. I'd tell 'em to stuff their money because, like Big Pharma has made huge campaign donations to our senators, this is lobbying money being thrown at us to shut up with regard to the "public option".
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Analysts say that the drug companies' decision was strategic -- they accepted the payment cuts now in order to gain a seat at the bargaining table and stave off potentially more drastic cuts later.
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No shit. I got a better idea. How about treating these assholes like the assholes who make cigarettes?
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