Obama Trade Deal Secrecy Insulting, According To Key Democrat

While you might consider the $80 billion figure that Obama negotiated with Big PhRma considerable, it amounted to a coup, a 'red letter'-day, a windfall, for the pharmaceutical industry.  PhRma paid chump change ($80 billion over 10 years, plus $150 million for ads to support a plan that had NO public option) so that they could keep massive profits and kiII public healthcare­.  

Obama (who had dropped the public option and the universal requiremen­t) let the pharmaceut­ical industry continue to make obscene profits, and gave the insurance industry a clear field and new customers, all paid for with taxpayers' money.  $80 billion over 10 years is less than 1 percent of the profits PhRma makes in one year.

How Obama and the DLC-controlled Democrats have tried to defend and sell ACA with regard to their pledge on pharmaceutical costs (that ACA closes the 'donut hole' in Medicare) is particularly galling.

To begin with, the 'donut-hol­e' never should have existed in the first place, and that the DLC-contro­lled Democrats created as a "compromis­e" for Bush's Medicare Reform Act of 2003 (another massive corporate giveaway package).  

But the broader point is that the whole of Medicare Part D was a scam and a scheme, a "first step" (as Obama's 'most ardent supporters­' like to say) towards privatizin­g public healthcare­.

KEEP READING
 
Read the Article at HuffingtonPost