While Donald Trump addresses the opioid crisis and gets free drugs for those with HIV, look at what Barack Obama did.
According to Fox 2, Obama’s administration was on the take from Big Pharma
Two whistleblowers at a pharmaceutical company responsible for one of the largest drug price increases in US history said the company bribed doctors and their staffs to increase sales, according to newly unsealed documents in federal court.
The effort, the whistleblowers said in a lawsuit against the company, was part of an intentional “multi-tiered strategy” by Questcor Pharmaceuticals, now Mallinckrodt, to boost sales of H.P. Acthar Gel, cheating the government out of millions of dollars.
The price of the drug, best known for treating a rare infant seizure disorder, has increased almost 97,000%, from $40 a vial in 2000 to nearly $39,000 today.
No wonder Obamacare cost people their lives. The “Affordable Care Act” that noboduy could afford. And now we know why.
Thankfully, President Trump comes to the rescue. Again.
The article continues,
The Justice Department has now intervened in the case after conducting its own extensive investigation — a sign that the government believes the allegations levied by the whistleblowers are credible. In a statement to CNN, Mallinckrodt did not deny the accusations but said the fault lies primarily with Questcor.
The bombshell allegations lay bare what the whistleblowers say was a culture designed to sell the drug at all costs, from lying to the Food and Drug Administration to offering bribes to doctors.
The price increase, combined with an aggressive sales push in rheumatoid arthritis, multiple sclerosis and other areas, has pushed the drug’s annual sales over $1 billion.
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Under Obama, Big Government teamed with Big Pharma to screw Americans. And what better way to than healthcare.
What this story proves is just how diabolical government can be, when it colludes with big business. Things got so bad that even Hillary Clinton and Bernie Sanders cried foul on Obama.
During President Obama’s tenure, Big Pharma enjoyed one of their best stock market runs in history. In fact, the Pharma Stock ETF (XPH) below more than tripled during the Obamacare run. It wasn’t until politicians like Hillary Clinton, Bernie Sanders, and President Elect Trump started to bring focus to out of control drug pricing that the sector saw pressure during the end of Obama’s 2nd term.
Under Obamacare, Big Pharma feasted.
The Huffington Post notes that the Big Pharma Lobby group, PHRMA, and Obama’s White House concocted the following deal as outlined in a leaked internal memo:
Commitment of up to $80 billion, but not more than $80 billion.
1. Agree to increase of Medicaid rebate from 15.1–23.1% ($34 billion)
2. Agree to get FOBs done (but no agreement on details — express disagreement on data exclusivity which both sides say does not affect the score of the legislation.) ($9 billion)
3. Sell drugs to patients in the donut hole at 50% discount ($25 billion)
This totals $68 billion
4. Companies will be assessed a tax or fee that will score at $12 billion. There was no agreement as to how or on what this tax/fee will be based.
Total: $80 billion
In exchange for these items, the White House agreed to:
1. Oppose importation
2. Oppose rebates in Medicare Part D
3. Oppose repeal of non-interference
4. Oppose opening Medicare Part B
According to Forbes, Obamacare would net the drug companies over $35 billion in profits over the next decade.
But as Obama said, his administration didn’t have any scandals. Obama said this because he doesn’t see his crooked business dealings as scandals at all.
Business as usual for Democrats is how they define fleecing American citizens. And if citizens die over his policies, Obama feels no remorse. He did what he was put in office to do.
By any reasonable standards, what Obama did is scandalous. He bilked taxpayers out of billions as payback for political donations. Any investigative reporter could figure this out, if there were any honest reporters left.
A cursory glance at the stock market and profits from most of the pharma companies in the Era of O, and you can clearly make the connection. But why do that, when there are phantom Russians not connected to Trump?
Yet again, America learns why we needed Trump.