Hot Air » Blog Archive » Will the pharmaceuticals rebel over Dem welching on ObamaCare?
If anyone is involved in trying to influence the health care bill it is the big pharmaceutical companies who stand to make a fortune on this. They stand with Obama, for now.
Barack Obama declared a big victory in his attempt to nationalize the health-care industry when he got the backing of the pharmaceutical industry, along with their pledge to reduce $80 billion in costs over the first decade of the plan. Now, however, the question of what the industry received in return has arisen now that the House version includes price negotiation on Medicare-funded prescription medications. The New York Times reported yesterday that the industry’s lobbyists have begun to cry foul as the administration apparently reneged on an agreement the White House wanted kept quiet:
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