Too big to fail - Pfizer (Big Pharma) (Take 2) (drugs, health care, death)

[DRob4JC]

This is from back in April.

Feds found Pfizer too big to nail

Pfizer was caught selling Bextra, a drug not allowed to be sold because of health concerns. They continued to sell it, making $1.7 billion. They got caught.

What should have happened is that Pfizer should have been no longer qualified to sell the drugs in the Medicaid/Medicare program - which would have been a death sentence to the company.

However, Pfizer used a subsidiary, Pharmacia & Upjohn Co. Inc., to take the court judgment for Pfizer. The result is that Pharmacia & Upjohn is now excluded from Medicaid & Medicare accounts - but Pfizer, who committed the crime, remains intact, dealing drugs freely with Medicaid and Medicare patients.

As I have said before - it's not deregulation, it's lack of enforcement.

[Pandamonium]

You don't really think that the corporations are just going to hand back our country, do you?


This industry should be regulated much more and that right there is a loophole that should be closed.

[kovert]

I think, at the very least, many of the health care giants should lose their gubbermint backed anti-trust exemption.

Not sure if Big Pharma has this protection explicitly, but the insurance cartel do.

[lifelongMOgal]

Originally Posted by Pandamonium

You don't really think that the corporations are just going to hand back our country, do you?


This industry should be regulated much more and that right there is a loophole that should be closed.

Corporations...and their attornies.