Millions of dollars spent by Amgen, who has 74 lobbyists in Washington, kissing up to members of congress has come back to them in a nice gift...with a bow. Our trusted public servants were happy to help Amgen by delaying price restraints on a class of drugs used by kidney dialysis patients. They inserted this paragraph into the fiscal cliff bill and, behind closed doors, approved it. The delay will cost the Medicare program (and your tax dollars) $500 million over the next two years.
Note that Senator Max Baucus (D, Montana) and Orrin Hatch (R, Utah) supported this shady transaction. Both senators have political and financial ties to Amgen, as does Mitch McConnell, the senate minority leader, who also influenced the deal. These three senators received substantial contributions from Amgen's PAC, $68,000 to Baucus, $59,000 to Hatch and $73,000 to McConnell.
If this isn't enough to mimic flu symptoms, Amgen had pleaded guilty a few weeks before and agreed to pay CRIMINAL and civil penalties of $762 million, the largest fine ever for a biotech company. You would think that would make them persona non gratis on capitol hill but no...they have friends in high places!
|Really Happy CEO|
The next time you wonder about the price of healthcare in this Country, think of our policymakers and how crooked and dishonest they are. The Fiscal Cliff was a Fiscal Gift for Amgen.