PETER ROST: PHARMA MARKETING EXPERT WITNESS. AWP, MEDICAL DEVICE EXPERT.: Obama administration sold out to the drug industry
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PETER ROST: PHARMA MARKETING EXPERT WITNESS. AWP, MEDICAL DEVICE EXPERT.

Peter Rost, M.D., is a former Pfizer Marketing Vice President providing services as a medical device and drug expert witness and pharmaceutical marketing expert. Judge Sanders: "The court agrees with defendants' view that Dr. Rost is a very adept and seasoned expert witness." He is also the author of Emergency Surgery, The Whistleblower and Killer Drug. You can reach him on rostpeter (insert symbol) hotmail.com. Please read the terms of use agreement and privacy policy for this blog carefully.

Obama administration sold out to the drug industry

So, the drug industry won again. In promise for no reimportation and no negotiation of drug prices with the government, the drug industry "gave up $80 billion." But wait, was that really $80 billion?

Nope.

It was only $8 billion per year, for ten years, by an industry that makes $600 billion.

The $80 billion is just a way to make the number sound large. The drug companies don't decleare their ten-year revenue, or their ten-year R&D expenses, or their ten-year anything.

I guess we should be happy this wasn't called a $800 billion saving. Over 100 years.

How much is $8 billion? Much less than some individual drug companies have paid in fines and settlements.

Winner: Drug industry.

Loser: Obama administration.

Anyone still thinks much will change in Washington D.C.?

Full story in the New York Times.

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