24 September, 2009

A little more on the Drug Companies

I just realized something I'd remembered reading about but had forgotten when I'd written the previous entry: The Obama administration and the drug companies had reached a deal in June whereby the pharmaceutical manufacturers are limited to an $80 Billion (strangely, the same figure I calculated as their 2008 profits. Conincidence?) liability over ten years, in exchange for support for the Obama administration's Health Care proposals. Many in Congress don't seem to like the deal, as they were hoping to get much more out of them to help fund Health Care. But it does look like the White House is going to stand by it.

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