Tag Archives: Alex Azar

After Drug Plan Shows Trump ‘Will Do Nothing About Their Greed,’ Big Pharma Stocks Soar

“When big pharmaceutical companies’ stocks spike during your big reveal on lowering prices, you’re doing something wrong.”

By Jake Johnson, staff writer for Common Dreams. Published 5-11-2018

“Don’t be fooled: President Trump and his administration are bought and paid for by Big Pharma,” Brad Woodhouse, campaign director of Protect Our Care, said in a statement. (Photo: Jeannie Baumann/Twitter)

In a strong indication that investors and major pharmaceutical companies know President Donald Trump’s newly unveiled drug plan “will do nothing to rein in their greed,” Big Pharma stocks soared on Friday as Trump delivered a brief and extremely vague speech promising to lower drug costs that critics called a “cover-up for the sweetheart deal” he’s offering America’s price-gouging drugmakers.


Continue reading

Share

‘No One Should Be Fooled’: Warren Rips Trump’s HHS Pick Over Desire to Gut Medicaid

“You want to smile and pretend otherwise until you get the job,” Warren said.

By Jake Johnson, staff writer for CommonDreams. Published 1-9-2018

Alex Azar. Screenshot: YouTube

While President Donald Trump’s Health and Human Services (HHS) nominee Alex Azar—a former pharma executive—spent most of his Senate confirmation hearing on Tuesday ducking and dodging pointed questions about his long history of “price gouging,” Sen. Elizabeth Warren (D-Mass.) decided to call Azar out on his support for gutting Medicaid and turning the program into a block grant.

After Azar suggested he supports block granting Medicaid as a “concept to look at” but refused to say whether he would move in that direction if confirmed, Warren said, “Mr. Azar, you can own up to the fact that you want to cut Medicaid and gut the Affordable Care Act, like every other member of the Trump administration.”

Continue reading

Share

FDA Raids in Florida Suggest Trump Admin. Policy Change That Benefits Big Pharma

News of the raids follows the president’s nomination of a former drug company executive to serve as secretary of the Department of Health and Human Services

By Jessica Corbett, staff writer for CommonDreams. Published 11-20-2017

Raids by federal agents in Florida suggest a policy shift that will make it more difficult for Americans to access low-cost prescription medications. (Photo: Chris Potter/ccPix.com/Flickr/cc)

The U.S. Food and Drug Administration (FDA) raided nine stores in Central Florida that assist customers with placing orders for low-cost prescription drugs from Canada and other countries, Kaiser Health News reported Monday, suggesting a shift away from a long-standing policy that benefited consumers but was strongly condemned by the pharmaceutical industry.

“The storefronts primarily serve seniors who prefer in-person assistance with buying medicines from Canada and other countries, rather than using an internet site,” Kaiser reports. Bill Hepscher, co-owner of six of the stores raided last month, estimates his business serves about 10,000 people a year, and that Florida has about 20 stores similar to his. His stores are located around Tampa Bay and Orlando. Continue reading

Share