The Democrats have proposed paying for part of President Biden’s Build Back Better plan with $500 billion in savings on what the government will pay prescription drug companies through Medicare and other public programs over the next decade. The country currently pays the pharmaceutical industry over $500 billion annually for its products. If we look at spending over the next decade, and like the news media, ignore that it’s over ten years, we would say that we will give the pharmaceutical industry $7 trillion, double the projected cost of Biden’s agenda. More
The post Big Pharma Fights Back appeared first on CounterPunch.org.
This content originally appeared on CounterPunch.org and was authored by Dean Baker.
Dean Baker | Radio Free (2021-10-04T08:59:37+00:00) Big Pharma Fights Back. Retrieved from https://www.radiofree.org/2021/10/04/big-pharma-fights-back/
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