Draining the Pharma swamp: Donald Trump announces plan to hammer Big Pharma’s monopoly profits

By Earnest Jones, The Goldwater · 01-12-2017
Photo credit: Gage Skidmore / Flickr

The President-elect Donald Trump is very straight forward about his intentions to drain the swamp in Washington. However, Washington is not the only area where Trump will have to drain the swamp. The health care has been taken over by carters or the renowned Big Pharma, creating a swamp that Trump has vowed to drain by hammering the monopoly profits by requiring competitive bidding for government drug purchase contracts.

Mr. Trump announced his plan to shatter the monopolistic pricing of Big Pharma that has been draining trillions of dollars from the government for the past two decades. “Pharma has a lot of lobbyists and a lot of power,” said Trump. “There’s very little bidding on drugs. We’re the largest drug buyer in the world, and we’re going to start bidding. We’re going to start saving billions of dollars on drugs.”

Its evident that Trump exposed the former presidents for their corrupt ways, they all maintained what can only be called a monopoly pricing drug cartel in America, this required the U.S. government to pay high prices for prescription medications purchased via medicare, federal health coverage plans and VA Hospital operations. This leads to the cold and hard truth, an army of pharma lobbyists have been bribing lawmakers and bureaucrats to maintain the high prices and eliminate competitive bidding.

The outrageous pricing ranges around $324.6 billion a year in overpriced prescription medications to appease Big Pharma lobbyists. The Federal government is thus forced to spend hundreds of billions of dollars on overpriced prescription drugs every year, this amounted to a staggering $324.6 billion in 2015 alone.

The Centers for Medicare and Medicaid report entitled National Health Expenditures: 205 Highlights that U.S. health care spending has now reached an all-time high of $3.2 trillion annually, this is approximately $10,000 per person. The spending has to be curbed, failure to which it will bankrupt America. This based on the fact that the rate of expenditure is unsustainable and it makes U.S. workers more expensive compared to other regions and as a result, this affects the economic competitiveness of U.S. companies.

The President-elect Donald Trump will make America great again by stopping the Federal government from being ripped off by Big Pharma.

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