The Huffington Post has published a leaked memo it says confirms details of the secret deal between the White House and the pharmaceutical industry to reduce costs under healthcare reform. The Obama administration admitted last week it promised to oppose proposals to let the government negotiate drug prices and extract additional savings from drug companies. In return, drug companies reportedly pledged to reduce costs by $80 billion. The White House later distanced itself from the deal after congressional outcry. The leaked memo shows the drug companies agreed to reduce costs “up to” $80 billion but not exceeding that amount.
Leaked Memo Details White House, Drug Industry Secret Deal
HeadlineAug 14, 2009