Congress gift to Amgen at Tax Payers Expense
Last comment by crimeriddendump 5 years, 2 months ago.

Take Me To Post Comment Form

This was reported in numerous news outlets and can easily be googled.

January 23, 2013 by Norbert Haupt
Amgen is the world’s largest biotechnology company with a market cap of $64 billion and 74 lobbyists in Washington.

They just got a huge gift from Congress as part of the fiscal cliff bill which will cost the Medicare program up to $500 million over a two-year period.

Senators who play a major role in federal health care financing were happy to help Amgen, the world’s largest biotechnology company, evade Medicare cost-cutting controls by delaying price restraints on a class of drugs used by kidney dialysis patients, including Sensipar, a drug made by Amgen. That provision was inserted into the final fiscal bill by Senate aides. Many members of Congress did not know it was in the bill until just hours before it was approved.

Three senators have received substantial contributions from Amgen employees and its political action committee since 2007 — almost $68,000 to Senator Baucus, $59,000 to Senator Hatch, and $73,000 to Senator McConnell.

Note also that while all this was going on, Amgen had pleaded guilty just weeks ago to marketing an anti-anemia drug illegally and agreed to pay criminal and civil penalties of $762 million.

Latest Activity: Feb 04, 2013 at 10:12 AM

Blog has been viewed (729) times.

Bull153 commented on Sunday, Jan 27, 2013 at 23:52 PM

Bipartisan Hypocrisy- “Corporate Welfare” and Lowering the National Debt
by Robert A. Levine

"...Unfortunately, this type of action occurs all too frequently within a Congress that has said it wants to do away with pork and earmarks, and that the national debt must be reduced. It is seen with pressure on the Pentagon by members of Congress to accept weapons systems that are unwanted, and in unnecessary subsidies to corporate farmers who do quite well without the extra government support. The carried interest of hedge funds and private equity groups that are taxed as capital gains rather than income is another example of corporate welfare aiding a special interest group at the expense of the majority of citizens."

- Ron
D27 - ICRD

“Always do right. This will gratify some people and astonish the rest.” - Mark Twain

“Suppose you were an idiot and suppose you were a member of Congress. But I repeat myself” - Mark Twain

TheSovereign commented on Wednesday, Jan 30, 2013 at 11:29 AM

The hypocrisy of the open markets. This government is completely involved in business and its drive for revenue and profits. Nothing open about them, just another talking point to sell the masses on as they do as they please.

Until we change election financing, we will continue to be at the mercy of a corrupt Congress that is looking for money to be reelected.

Capitalists_Nightmare commented on Thursday, Jan 31, 2013 at 01:44 AM

And people look at me weird when I tell them not to trust their government, that voting for this or that congressman isn't going to lead to big social change, etc. This corporation successfully went to members of both parties and got them to pass something which will cost the people they represent hundreds of millions of dollars that we shouldn't be paying. The system is corrupt.

TheSovereign commented on Sunday, Feb 03, 2013 at 11:46 AM

"Utah Sen. Orrin Hatch angrily defended the inclusion of a controversial provision in the fiscal cliff deal that will pay major dividends to a single biopharmaceutical company, Amgen. The top Republican on the Senate Finance Committee, Hatch teamed with panel chairman Max Baucus (D-Mont.) to include a host of tax extenders, credits and other provisions that added billions to the price tag of the bipartisan bargain."

See where bipartisanship will get us, here you have a Conservative Republican and a Conservative Democrat pushing through a bipartisan amendment to a bill that thumb's its nose at open markets and take the notion of Laissez-faire and throws it out the window.

Say what you mean, or mean what you say....

Bull153 commented on Sunday, Feb 03, 2013 at 23:41 PM

@ TheSovereign...

Don't you just hate when that happens?...

- Ron
D34 - ICRD

“If it is not right do not do it; if it is not true do not say it.” - Marcus Aurelius

TheSovereign commented on Monday, Feb 04, 2013 at 12:03 PM

I do, I hate it when a group or a political movement tells you that they represent all kinds of principles but when it comes to practice they clearly do the opposite.

Fortunately for me, when it comes to expectations the bar is low, and I am rarely surprised by the things that the Conservatives say and do, and the rapid demise of the movement doesn't surprise me either. It was all a house of cards sold to us by snake oil salesmen.

That is why you hear that the Conservatives are looking to rebrand themselves, but that just shows that they are only trying to say what you want to hear, and not what they want to do.

crimeriddendump commented on Monday, Feb 04, 2013 at 13:12 PM

Hypocrisy is a cancer that is slowly killing the GOP.

Log In to post comments.

Previous blog entries by JackM
The NRA’s fuzzy, decades-old claim of ‘20,000’ gun
February 07, 2013
Article from the Washington Post. Fact Checker rated the claim by the NRA as Significant factual error and/or obvious contradictions
Read More »
Republicans lie, lie and lie more
September 18, 2012
How Republicans reinforce campaign of lies by ignoring fact checking.
Read More »
How's this grab you?
September 06, 2012
Pete Stark is a congressman in the East Bay. He earns $174,000 a year as a House member and is estimated to be worth $27 Million. He is 80 years of age and has 7 children of which 3 are minors. Due to antiquated provisions in Social Security regulations his ...
Read More »
Words used at RNC
September 02, 2012
According to indicates the number of times words have been used. I'm sure more comparissons can be found but here are a few: Business 136 - Middle Class 4 Work 142 - Make Ends Meet 2 Romney 148 - Change 28
Read More »
September 02, 2012
Are laws banning abortion in violation of the First Amendment to the US Constition which states: "Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to ...
Read More »
[View More Blogs...]

Powered by
Morris Technology