A spoonful of subsidies for Big Pharma

posted by
February 22, 2011
In These Times
by Terry J. Allen  
Posted in Commentary, PND Commentary

"Our 'socialist' president is doling out welfare payments — unfortunately, to one of the world’s most profitable and socially corrupt industries: pharmaceuticals. Barack Obama’s administration is ponying up $1 billion to create a new branch of the National Institutes of Health (NIH) designed to help Big Pharma develop new drugs. The story in The New York Times and other media failed to mention what mandates, if any, would ensure that drugs developed on the taxpayer’s dime would serve pressing public health needs and be subject to price limits and profit controls." (02/22/11)


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