Penelope
Diamond Member
- Jul 15, 2014
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- #61
Pfizer Inc on Monday said it would buy Botox maker Allergan Plc in a deal worth $160 billion to slash its U.S. tax bill, rekindling a fierce political debate over the financial maneuver.
The acquisition, which would create the world's largest drugmaker and shift Pfizer's headquarters to Ireland, would also be the biggest-ever instance of a U.S. company re-incorporating overseas to lower its taxes. U.S. President Barack Obama has called such inversion deals unpatriotic and has tried to crack down on the practice.
Democratic presidential front-runner Hillary Clinton pledged to propose measures to prevent such deals. The merger was also slammed by her rival Senator Bernie Sanders as well as by Republican presidential candidate Donald Trump.
"The fact that Pfizer is leaving our country with a tremendous loss of jobs is disgusting," Trump said in a statement.
It was not immediately known how many jobs would be lost as a result of the merger.
Pfizer to buy Allergan in $160 billion deal
Obama made deals with Big Pharm on day one when he became president. http://www.nytimes.com/2009/08/06/health/policy/06insure.html?_r=0they want to dismantle the ACA , allow ins to cross state lines, already does, have HSA's , we already do.
Don't be fooled , read about Blue Cross Blue Shield Association and United Healthcare Group and a few other giants. They gobble up smaller health ins companies like Pac man, and do whatever they want to the prices.
I don't think I heard one GOP talk about prescription prices. If they did, it was not a big deal for them as I listened to all debates.
Trump doesn't know jack about HI, and all those coming out to endorse him, is just because they will want favors.
He's been conspiring with them to raise the cost of prescription drugs since the day he was sworn in. He destroyed the health care industry to the point where many cannot even afford to pay their premiums without subsidies. Instead of lowering costs, he helped raise costs, tripling the costs to the consumer. Scrapping the whole thing would be the best thing they could do. The government is screwing it up instead of fixing it.
House Investigates Obama Deal With Drug Companies
Not conspiring. Also the senate has blocked all bills to repeal the deal as a result the drug prices have soared.
So your on Medicare and have a medigap policy, or who are you insured with?
Nope. BCBS with a medical savings plan that covers all deductibles and which I can also withdraw money from for whatever I want at the end of the year.
And the astounding part? We actually set this up all by ourselves with no government assistance. Shocking I know....
Who paid for your HSA's, Your employer?
They match you up to a thousand each year and you put in whatever you want after that.
We always load it up at the beginning of each year so it covers prescriptions until we hit our deductible. With my prescriptions running over eight hundred a month it stops the sticker shock.
Great job you have. I imagine they cost share on your premium as well. Glad for you, but many do not have benefits like that even if they work full time.
But I feel everyone should pay what they can for health ins, and before the ACA many just chose to pay nothing at all. Take a 30 year old living in an apt, in good health and choosing not to have health ins. because he is in good health, so he ends up ill or in an accident while out hiking, and the hosp boots the bill (us). He doesn't declare bankruptcy because he has nothing to loose.
Now if someone has a home and can't afford health ins , and makes too much for Medicaid, they will file bankruptcy.
More and more jobs do not offer health ins. cost share, and many people work two jobs and do not have health ins, but at least with the ACA, they pay something for ins.
In all my years I never worked for a company that didnt provide healthcare,some even paid for all of it.
That all changed with obamacare.
True, how it use to be is not the same , that is why health care has been an real issue since 1990 and even more so since 2001. The ACA didn't change that as I remember as well health ins was always through ones employer, then cost share, then higher cost share on the employee's side , then hiring only part time workers who did not get bennies, but that has changed and that is why the ACA is needed even more. Besides I have a problem with free loaders, I think everyone needs to pay what they can, unless they fall into the Medicaid area, which now is going to fall back on the states.
What would happen if your job moved to Mexico or they imported a worker for it. Have you considered that, if you didn't have a nest egg to buy ins with?