Hospitals, Drugmakers Lash Out At Obama Deficit Plan

Ruters via Yahoo News ^ | 19 Sept 2011 | David Morgan

[edpc]

WASHINGTON (Reuters) - The U.S. hospital and drug industries lashed out at provisions of President Barack Obama's deficit reduction plan that would saddle them with more than $200 billion in federal healthcare spending cuts.

Lobbyists vowed to fight proposals for Medicare, which covers the elderly, that are aimed at saving $135 billion on prescriptions by requiring drugmakers to provide steeper rebates similar to those for Medicaid, which covers the poor.

[edpc]

The two industries' main trade groups -- the American Hospital Association and the Pharmaceutical Research and Manufacturers of America -- said the president's deficit-cutting plan could mean the loss of thousands of jobs and curtail access for the elderly, disabled and the poor.

When everything this admin proposes has the opposite effect of what's advertised, you can only reach two conclsions:

This president is either the most inept executive ever to hold office or he's purposely destroying every sector of American society.

It's getting increasingly difficult to deny the latter.

[Sooth2222]

They believed him and supported Obamacare!

Well, it's not like we didn't warn 'em!

[Irenic]

Chavez...that’s what keeps popping into my mind.

[Buckeye McFrog]

Not Chavez. Chavez imposes his Socialist will from the top-down in a heavy handed manner. All of these clowns voluntarily signed-up for Obama’s program, thinking it would give them taxpayer subsidies and a leg-up on their competition.

[ken21]

bump.

[Nachum]

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/

[ExTxMarine]

Lobbyists vowed to fight proposals for Medicare, which covers the elderly, that are aimed at saving $135 billion on prescriptions by requiring drugmakers to provide steeper rebates similar to those for Medicaid, which covers the poor.

This continues to be the problem in America! The government wants to CONTROL the economy and they want to pick the winners and losers!

The United States of America can not, CAN NOT continue down this path and expect to be the great country that it ONCE WAS! The US Government MUST get out of the way and let the people use their money to decided winners and losers! The US Government MUST get out of the way and let the communities decide what it will and won't provide to the community! This is the basic premise of the American way!