Concerned about prescription drugs?
Posted by Liberty on December 15, 2008
“By choosing a seasoned Washington operator like former Senate Democratic leader Tom Daschle as secretary of health and human services, President-elect Barack Obama has made his health care priorities clear. He will promote an aggressive legislative agenda with far-reaching effects not only on health care services and insurance, but also on the makers of drugs and medical devices, pharmacy benefits managers (third party administrators of prescription drug programs), and clinical research organizations, which conduct clinical testing of new drug candidates, under contract from drug companies.
The three major themes of health care reform under the new administration will likely be (1) mandatory national health care coverage, (2) additional power and responsibilities for the FDA, ostensibly to ensure greater drug safety, and (3) reduction of health care costs. There will thus be a push for incentives to encourage the use of generic drugs (at the expense of branded drugs) through a multi-tiered formulary model, patent reform, and new mandates for the FDA.”
This entry was posted on December 15, 2008 at 5:06 pm and is filed under Liberalism, Obama, Redistribution of wealth, Socialized medicine. Tagged: Daschle, Obama, Socialized medicine. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.