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The secret is out. Yesterday, The Wall Street Journal revealed the story of collusive deal-making on Obamacare between the White House and the pharmaceutical industry (Big Pharma). The editors provided actual email correspondence as evidence.
Big Pharma negotiated an Obamacare deal that did the least damage to its industry. Language that would have allowed importation of drugs from Canada was stopped as were Medicare Part D cost reductions. In exchange, the pharmaceutical industry agreed to provide $80 billion in drug rebates. Big Pharma also spent $150 million for an advertising campaign in coordination with the White House and $70 million to set up two pro-Obamacare lobbying front groups called “Healthy Economy Now” and “Americans for Stable Quality Care.”
But Big Pharma did…
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