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Who Believes the $80B Pharma Pholly?

A couple weeks ago pharmaceutical companies pledged to "voluntarily" reduce their revenues by $80 Billion over 10 years. Forgive me for not standing up to salute that initiative.


Maybe it's because I can... like, do the math in my head.


$80 Billion / 10 years = too damn little $8 billion per year.


That won't stop the spinmeisters who are brazenly pushing this as a great sacrifice, however, some people see this offer for what it is.



To be sure, $80 billion is less than one-tenth the projected cost of healthcare reform. But by striking this cost-sharing deal with one of the reform effort's leaders--Sen. Max Baucus--and the White House, drugmakers could shame other providers into cutting their prices, too.


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