Blogger Joe Glasse: Did Obama cave to the drug companies?
It looks like the deal with Pharmaceutical Research and Manufacturers of America (PhRMA) for an $80 billion reduction in drug costs is a sivery bad deal. The deal was made with Bill Tauzin of PhRMA.
Tauzin, of course, is the former Republican congressman from Louisiana who chaired the Hose committee that regulates the pharmaceutical industry.
While in Congress, Tauzin, who co-authored the bill of Medicare Part D, was at the same time negotiating for a $2.5 million job with PhRMA. He was a Democrat for 16 years and was one of the co-founders of the House Blue Dog Coalition.
