Pharmaceutical Research and Manufacturers of America (PhRMA)

Unions, Obama Cut Backroom Deal on Health Care Tax Exemption

Richard TrumkaFor organized labor, if there's anything better than a federal takeover of health insurance, it's a federal takeover of health insurance with a generous tax exemption for union-sponsored plans. Union leaders, led by AFL-CIO President Richard Trumka (see photo), this week gave the country a first-hand lesson on how to play behind-the-scenes political hardball. Yesterday, following a three-day marathon negotiating session, the nation's top labor officials announced they had reached an agreement to delay introduction of a federal excise tax on high-cost union-negotiated health insurance plans. While a number of Republicans are calling the deal a political giveaway, union leaders are spinning it as another example of doing right by working Americans.

Big Pharma Will Be Ultimate Victim of Its Sellout on Obama Health Care Plan

phrma logoIt may be high irony, but capitalists over the decades all too often have been at odds with capitalism. That is, business organizations, for any number of reasons, have been prone to support ideas and policies whose intent is to bring free enterprise under social control. This syndrome is well and alive at a pair of prescription drug/biotechnology industry organizations: the Pharmaceutical Research and Manufacturers of America (PhRMA) and the Pharmaceutical Industry Labor-Management Association (PILMA). Each group is working to promote a radical expansion of government involvement in health care, acting in concert with Capitol Hill Democrats and especially the Obama administration.

Syndicate content