Drug companies love Medicare Part D, Billions in taxes go right to Pharma

pharma cc

Putting aside that the author repeatedly refers to “excessive profits” (who is he to determine what is excessive?  In fact I’d say that there is no such thing – in a free market) and his misunderstanding of the Big Oil tax breaks (they are not subsidies, still market distorting, but not subsidies) and the other partisan talking points, he correctly identifies how Medicare Part D has become a direct revenue line from tax payers to the bottom line of the large drug companies, and the attached graph is worth a look.

And just wait until Obamacare kicks in. Interesting that he doesn’t mention this.

Click here for the article.