Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
The mentioned report lacks detail on their calculation of savings. For example, did they simply take the price of the drug (discounted AWP amount) and subtract from it the Medicare Upper Limit and declare the difference “savings”? Did they account for lost rebates on the specific drugs and the likely impact on the total rebates for the State’s remaining basket of drugs subject to rebates? Did they account for likely price increases in other drugs to replace the lost revenue? Did they account for emerging biologicals and/or patent expirations? Did they account for the massive bureaucracy of health experts (essentially… Read more »
Big Pharma will be making campaign donations and this bill will lose or tabled for future campaign contributions
The last thing IL needs is another do nothing committee to give jobs to political allies.