Tuesday, January 30, 2007
Drug Marker Stalling Generics
Eighty-five percent of Americans are hoping for a measure that would help provide some relief from the high prices of prescription drugs. Sadly, but not surprisingly, Bush has threatened to veto such a measure. This situation just underscores the danger of special interest money in politics. One of the major justifications Bush has made for vetoing a measure of this kind is that there are generics available and that the competition they create brings down prices. It is kind of hard to make that argument when pharmaceutical companies continue to stall release of important generics. Of course, with this administration, actual relief for millions of Americans will always take a backseat to protecting corporate interests.