Monday, August 10, 2009

Inside Story on Town Hall Riots: Right-Wing Shock Troops Do Corporate America's Dirty Work | | AlterNet

Inside Story on Town Hall Riots: Right-Wing Shock Troops Do Corporate America's Dirty Work | | AlterNet: "Imagine you're an executive at a pharmaceutical company. Your U.S. operations are your cash cow; they earn you wild net profits because, unlike in other industrialized nations, you do not experience the price controls of a government-administered program in which the government negotiates for the best price on prescription drugs and devices.

Along comes a government plan for health-insurance reform that includes a public, government-financed plan. The public option, they call it. As part of the plan, you will be required to negotiate with the government for the price of medications and devices to be distributed within the plan.

Now that could really screw up your massive profit margins. Private plans might then insist on prices more like those the government is getting.

Instead of increasing your profit by double digits in the worst year the economy has seen since the Great Depression, as did an outfit called The Medicines Co., your shareholders may have to settle for profits more in line with the overall growth of the economy. And wouldn't that just stink?"

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