I’ve been reading up on the TPP deal that Obama and his cronies (many of them Republicans) have been touting for a while…
Specifically I wanted to see how it would affect the drug and healthcare industry.
I had a hunch that pharmaceutical companies were able to weasel their way into this deal and pull a fast one on us.
And that seems to be the case…
Even the New York Times did a piece on the secret backdoor meetings that the pharmaceutical companies held with the government about the TPP.
Now I’m no expert on this topic, so I’m just relaying what I found when doing the research…
But it seems to me that the TPP is going to have a big impact on your ability to get generic versions of drugs.
Because the TPP agreement extends the monopoly power of brand-name versions of certain drugs. From everything I’ve read it will extend the length of these monopolies by 5 years on average.
Which means that there’s no generic versions allowed for these drugs. The result?
You wind-up paying through the nose for a drug that’s 20x more expensive than the generic version.
And this is only going to get worse with the TPP.
Not only does the TPP enforce this rule in the U.S., but it also enforces it in any country that’s in the agreement.
And that really worries me for the seniors that order their drugs from places like Canada.
I’m not sure how all of this will shake out, but it’s crony capitalism at it’s finest.
Lobbyists for the Pharma companies are simply trying to limit competition and get rid of the generic versions of drugs.
It’s really a joke. How about the drug companies compete against other companies like every other industry?
This just further proves the point I made earlier this week when I said your goal should be to get off prescription drugs as soon as your Doctor allows you.
Because with the drug companies strangle-hold on our politicians, the costs are going to keep rising.
A true free market with lots of competition and low prices will never happen as long as our politicians are bought and paid for by Big Pharma.
It’s a sad state that we’re in, and I’m not sure I see it getting any better.
Alright, that’s all from me for today.
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– Jeff Reagan
Founder, Patriot Health Alliance