Mostly rational politics, with occasional rants about how a few crazy Republicans are ruining the country.
Support The Jaker
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!