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| Wednesday, February 09, 2005 |
| Hey Pfizer: here's a few hundred billion |
As a Pfizer stockholder perhaps I should be happy that Bush's Medicare Prescription Drug Benefit will actually cost $720 billion to $1.2 trillion, versus the $400bn at the time it was passed. After all, rather than negotiating bulk purchasing discounts or allowing reimportation from Canada, Bush's bill amounts basically to a huge win for big pharmaceutical companies, while very little of that government cost will actually offset spending by seniors. Hence, I can be overjoyed that Pfizer will now benefit EVEN MORE from this plan. Hooray!
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posted by CB @ 5:29 PM   |
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