2016 Oct 11th
Joe Scarborough about leaped out of his chair this morning.
His guest was economist Jeffrey Sachs, a Harvard professor of economics and one
of the really, really smart academic types.
Dr. Sachs responded to Scarborough’s constant lament about the cost various
entitlement programs and how they could bankrupt the country; prominent among
these were Social Security, Medicare and Medicaid. His response was to tell
Scarborough that a drug to fully combat and cure Hepatitis “C” was available
through Gilead pharmaceuticals, but at a cost of a thousand dollars a pill.
Gilead had bought the patent from the developing drug company and the cost of
producing the pill is just one dollar each. Then Sachs dropped his bombshell;
Medicare and Medicaid are prohibited by law from negotiating with Gilead on the
price of the drug.
Joe went ballistic. He wanted to know how it was possible
that one of the largest purchasers of drugs in the country was legally
prohibited from bargaining about the price of what they were buying. Sachs told
him that in 2005 the drug companies had made bargains with legislators to
contribute to their election campaigns in return for this kind of legislation;
it’s just what lobbyists do. The kicker occurred when Sachs told Scarborough
that Gilead had relocated their home office so that their home office was now
in Ireland and their tax debt to this country was near zero. Joe was as
outraged as I’ve ever seen him. He had his producer put the phone number of the
House of Representatives on the screen and asked his listeners to call their
legislators to complain.
Of course this kind of lobbying influence has been going on
for years and it is one reason that citizens are disgusted with Washington.
Trump, although he hasn’t addressed this particular issue, owes part of his
popularity to just these sorts of problems.
Trump has been in “tweet heaven” lately. He is upset that
Speaker Ryan has told his folks to campaign on their own, paying no attention
to Trump. Trump claims that he is now free to be himself. Who he has been
heretofore is not clear, although nothing in his demeanor has changed. Now his war
with the Republican party seems beyond repair.
Senator McCain says he will not vote for him but instead
will write in Senator Lindsey Graham’s name. This got the expected eruption
from Trump. Given that there are now about 50 prominent Republicans who have
rejected Trump, he will be very busy tweeting insults at
all of them over the
next several days.
I hope the recipients of those tweets save them to hand down
to their descendants just to demonstrate that they were on the side of
righteousness, motherhood and apple pie when their party imploded.
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