Remember when Obama was running for president and he bashed the big drug companies for over charging Americans for drugs? Obama promised if he won the election he would let the federal government negotiate Medicare drug prices that would could cut big drug industry revenues by $10 billion to $30 billion [a day].
Well, the big drug companies have just announced a plan to spend $150 million on ads to support Obama’s health care reform. Which means the big drug companies have Obama securely in their back pocket — exactly where they want him. So if ObamaCare passes, we can expect to pay the same high prices (or more) for our drugs. So much for Hope and Change!
Here’s what Obama said in 2008:
“We will break the stranglehold that a few big drug and insurance companies have on the health care market…. It’s become clear that some of these companies are dramatically overcharging Americans for what they offer…. We’re not going to get change unless we can overcome the resistance the drug companies, the insurance companies, the HMOs, those who are making a major profit from the system currently. Now I think all these industries have a role to play…. We want to listen to what they have to say. They should have a seat at the table, but they can’t buy every chair.”
$150 million can sure buy a lot of chairs!
