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Joined: Feb 2007
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nosy Offline OP
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Joined: Feb 2007
Posts: 429
I felt physically ill when I watched this 60 Minutes news story last Sunday.

A couple of highlights ...

"According to a new report by the Center for Public Integrity, congressmen are outnumbered two to one by lobbyists for an industry that spends roughly a $100 million a year in campaign contributions and lobbying expenses to protect its profits.'

"The pharmaceutical lobbyists wrote the bill," says Jones. "The bill was over 1,000 pages. And it got to the members of the House that morning, and we voted for it at about 3 a.m. in the morning."

Why did the vote finally take place at 3 a.m.?

"Well, I think a lot of the shenanigans that were going on that night, they didn't want on national television in primetime," according to Burton.

"I've been in politics for 22 years," says Jones, "and it was the ugliest night I have ever seen in 22 years."

""The key goal was to make sure there'd be no interference in the drug companies' abilities to charge high prices and to continue to increase those prices," says Pollack."

"The drug industry says that competition among private insurance plans that service the Medicare program help keep prices low. But Families USA reported in a January study that Medicare patients are being charged nearly 60 percent more for the top 20 drugs than veterans pay under a program run by the U.S. Department of Veterans Affairs"

"Before the vote, Congress was told the program would cost a whopping $395 billion over the first 10 years. In fact, Medicare officials already knew it was going to cost a lot more." ... "Medicare Chief Actuary Richard Foster later told Congress that he revised the cost estimate to $534 before the vote, but was told to withhold the new numbers if he wanted to keep his job."

There is a TON of disgusting smutty conduct exposed - please read and comment ...
cbs news

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Joined: Feb 2007
Posts: 429
nosy Offline OP
OP Offline
Joined: Feb 2007
Posts: 429
I'm just posting to throw this up on the board again. I remember when this happened and was in the news. The fact that it was going to cost more than promised was discussed, but I don't recall all the other info - it's so sleazy!

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