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05.23 Environmentalists Are Ignoring the Elephant In the Room: U.S. Military Is the World’s Largest Polluter [Since Trump had the EPA's records on global warming and pollution destroyed—and thus reporting world-wide has nearly stopped, let's pick on the US Military]

05.23 White House proposes slashing funds to clean up toxic sites despite EPA's pleas [far worse than just being stupid]

05.22 China and India Make Big Strides on Climate Change

05.22 The entire health care industry is panicking that Trump is about to blow up Obamacare

05.22 Air pollution linked to poor sleep, study finds

05.22 Trump's Fox News deputy national security advisor fooled him with climate fake news

05.21 Canada eases steps to open supervised drug injection sites amid opioid crisis

05.21 Canada First Nations reserve bars outsiders amid opioid crisis

05.20 Global Study Shows Americans Dying from Preventable Causes at Shocking Rates [“What a country!” —Yakov Smirnoff]

05.20 China claims breakthrough in mining 'flammable ice' [might greater release of methane to our atmosphere become a larger problem?]

05.20 ETP Spills Two Million Gallons of Drilling Material in Ohio

05.20 Arctic stronghold of world’s seeds flooded after permafrost melts

05.19 How Australia can use hydrogen to export its solar power around the world

05.19 Dirty diesel: why ships are the worst offenders

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05.23 Hiding in plain sight: how the 'alt-right' is weaponizing irony to spread fascism

05.23 More Bernie, less Trump: is this how Democrats will win Montana's special election?

05.23 Trump's budget: major slashes to social programs – but $1.6bn for the wall [disgusting that this was proposed at all]

05.22 Billionaires Lay Siege to State Governments

05.22 A Living Wage: A Human Right for All

05.21 Nurses heckle Democratic leader, threaten legislators over health care [videos]

05.21 The small Texas city fighting to remain a ‘safe haven’ for immigrants [morally right & courageous]

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05.20 WILL ROBERT MUELLER EXPLORE TRUMP’S RUSSIAN BUSINESS TIES?

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05.23 Doughnut Economics – Grab a pencil, draw a doughnut!

05.20 Americans Are Paying $38 to Collect $1 of Student Debt

05.20 The Malta Files: How the smallest EU country became a haven for global tax avoidance [why can't we play nice together?]

International

05.23 Iran's Rouhani denounces US' Middle East ignorance

05.23 Could an Islamic reformation prevent violent radicalisation in Egypt? [denied vital lives enmasse, angry youth rebel in the only way that has any effect]

05.23 Kids on the streets of Kabul get another chance at childhood

05.23 Up to 150 children under five die each day in Aung San Suu Kyi's Myanmar

05.23 At least 22 dead and 50 injured, in suicide bomb attack at Manchester Arena

05.23 Facebook flooded with 'sextortion' and revenge porn, files reveal [wake-up people, don't let kids 'play' here]

05.22 Revealed: Facebook's internal rulebook on sex, terrorism and violence

05.22 Big game hunter is crushed to death when an elephant he was hunting in Zimbabwe is shot and falls on top of him [a fitting death to an elephant killer]

05.22 Tensions rise as Uganda refugee policy is pushed to breaking point

05.22 Outnumbering refugees two to one: how the world ignores war's greatest scandal

05.22 Kashmir conflict shifts with top militant vowing fight is for an Islamic state

05.21 UK needs more immigrants to 'avoid Brexit catastrophe' [who benefits from bad "conservative" policy?]

05.21 THE LIGHTS ARE GOING OUT IN THE MIDDLE EAST [we suggest enticing a solar panel and battery manufacturers to locate in your countries to diversify economies and create jobs. use solar to empower yourselves...]

05.21 Rouhani’s victory is good news for Iran, but bad news for Trump and his Sunni allies

05.21 Budget analysis shows some Australian women hit with effective marginal tax rates of 100% ["conservatives" are cruel to the poor and desperate everywhere, to protect themselves from higher taxes]

05.21 Venezuela: 50th day of protests brings central Caracas to a standstill [who does interventions for countries? could the UN help more?]

05.21 Brexit and the coming food crisis: ‘If you can’t feed a country, you haven’t got a country’ [fear-based nationalism will become a costly problem]

05.21 Massimo Bottura and his global movement to feed the hungry

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  Big Pharma Wins Big in Health Care Reform

COMMENTARY:

Big Pharma Wins Big in Health Care Reform

by James Ridgeway
First published in his blog Unsilent Generation yesterday, 22 March 2010
To a large extent, the “debate” over health care was a show debate, an extended round of Washington smoke and mirrors. The administration early on cut its deal with Big Pharma, and pretty much stuck to it throughout the process.

The Republicans look a sour lot this morning, but the pharmaceutical industry, which helps foot the campaign bills of a sizeable chunk of members of both parties, is delighted with the legislation, and with its Democratic friends in the White House and on the Hill.

Members of Congress in both parties generally have lined up behind the insurance and pharmaceutical industries from the get go. So it should come as no surprise that the Democrats, who long ago gave up any pretence of opposing corporate power, found a way to accomodate the pharmaceutical companies on the way to its tepid reform. To a large extent, the “debate” over health care was a show debate, an extended round of Washington smoke and mirrors. The administration early on cut its deal with Big Pharma, and pretty much stuck to it throughout the process.

In fact, the Dems actually made the drugsters look good, celebrating the industry’s generous “concessions” and “discounts” while ensuring that no real threat to Big Pharma’s profits would make their way into the final bill.

The industry’s main goal from the very beginning has been to fend off any government power to negotiate or seriously regulate drug prices–and this they did.

Big Pharma’s second big win was to prevent any measure that would have opened the way for American consumers to buy less expensive drugs abroad, especially from Canada.

At the same time, the supposed give-backs by the drug industry are projected to more than pay for themselves. The much-lauded discounts on brand name drugs for seniors in the Medicare prescription drug program, for example, are good for Big Pharma because they discourage oldsters from switching to generics.

And more insured people simply mean more money coming into the coffers, for Big Pharma as well as for the insurance industry.

Confirmation of the industry analysis came early in the day from the stock market, where drug stocks initially remained level; there certainly was no rush to dump shares, which is what would be expected if the bill actually represented any threat to profits. And by 1 p, EST, CNN Money was reporting a rally in health care stocks.

“I was unable to find anything in there that would cause me to have anxiety if I were a shareholder in a pharmaceutical company,” Ira Loss, a senior health-care analyst at the research firm Washington Analysis, told Dow Jones. According to the ticker story:

Billy Tauzin, who led the industry’s negotiations on health care with lawmakers, said overall drug makers fare well. “While we’re not totally happy,” Tauzin began, “we generally feel like it tracks with our principles.”

Sanofi-Aventis SA (SNY) Chief Executive Christopher Viehbacher said in an interview that the impact of the legislation will be neutral to slightly negative “but better for the industry than if healthcare reform didn’t pass.”

Tauzin, head of the Pharmaceutical Research and Manufacturers of America or PhRMA, and Viehbacher said getting protection for brand-name biologics is among the important provisions for the industry. Drug makers pushed hard to get 12 years of exclusive market protection while the White House and some lawmakers wanted to lower the protection to seven years.

Despite fees and rebates imposed by the legislation, “analysts say drug makers will end up recouping those costs through new customers: The bill would provide insurance coverage to an additional 32 million Americans.” The Dow Jones story continues:

Chalk up another good round for Pharma and Biotech in health care reform,” began a note to clients Friday from Concept Capital, a research firm.Ken Tsuboi, co-manager of the Allianz RCM Wellness Fund, sees the impact of bill, and its $90 billion in concessions over 10 years, as relatively minor in an industry that has annual global sales of about $750 billion, with about $300 billion in the U.S., and margins close to 30%.”I think that it is actually a pretty good deal for Pharma,” Tsuboi said.

The GOP, which purports to be the party of big business, ought to be applauding at least these portions of the health care reform—and perhaps when the cameras go away, some of them will quit bitching and count their blessings. As for the obnoxious Tea Party gang, if they start threatening the real power in this country, which is vested in corporations, they may well find themselves whipped and isolated.


Born in 1936, James Ridgeway has been reporting on politics for more than 45 years. He is currently Senior Washington Correspondent for Mother Jones, and recently wrote a blog on the 2008 presidential election for the Guardian online. He previously served as Washington Correspondent for the Village Voice; wrote for Ramparts and The New Republic; and founded and edited two independent newsletters, Hard Times and The Elements.

Ridgeway is the author of 16 books, including The Five Unanswered Questions About 9/11, It’s All for Sale: The Control of Global Resources, and Blood in the Face: The Ku Klux Klan, Aryan Nations, Nazi Skinheads, and the Rise of a New White Culture. He co-directed a companion film to Blood in the Face and a second documentary film, Feed, and has co-produced web videos for GuardianFilms.

Additional information and samples of James Ridgeway’s work can be found at JamesRidgeway.net and at his newest web site, Solitary Watch.

This article is republished in the Baltimore Chronicle with permission of the author.



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This story was published on March 23, 2010.
 



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