Friday, January 3, 2014

The High Cost of Prescription Drugs and the Deficit

If you are not a follower of CBS's 60 Minutes you probably missed this excellent report from correspondent Steve Kroft back in 2007 and which demands a rerun now.  In it, Kroft details how the Prescription Drug Act - a piece of legislation that was written by the prescription drug industry and signed into law by President Bush - was wrangled through Congress through extraordinary measures such as threatening members and extending the voting period.  The piece shows how the original $395Bn cost of the program ballooned to a whopping $534Bn - a number that was withheld from Congress before the vote.  When Republican members decide to hold the Government hostage again in the name of deficit reduction, they need only look to this UNPAID FOR piece of legislation as one reason for that deficit.  It's all in there.  The reasons why the cost of drugs in this country is sky-high.  Why the Government cannot negotiate lower prices.  How former members and staffers of Congress leave for lucrative lobbying jobs with Big Pharma.  The clip is less than 10 minutes.  If you haven's seen it you should.  If you have, watch  it again then call/write your congressional delegation.     

The Video You Need To See Before You Spend Another Second Arguing About Health Care:

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