In a shocking move of corruption IMO, a judge appears to have been corrupted by big pharma to rule against a common-sense law that would force drug companies to disclose prices in their TV ads.
U.S. District Judge Amit Mehta sided with drugmakers Merck, Eli Lilly, and Amgen by halting the U.S. Department of Health and Human Services (HHS) rule from taking effect on Tuesday as planned. Unbelievable corruption inside our legal system was on full display today IMO.
“It is outrageous that an Obama appointed judge sided with big Pharma to keep high drug prices secret from the American people, leaving patients and families as the real victims,” White House spokesman Judd Deere said in a statement.
Democrats have claimed that their for helping Americans out when it comes to healthcare but then use a judge to strike down a rule that would do just that.
Forcing drugmakers to disclose their prices in TV ads could help drive down skyrocketing prescription drug costs if the companies were embarrassed by them or afraid they would scare away customers.
So let me get this straight. Big pharma can run ads hyping the efficacy of drugs and then tell you to talk with your doctor about getting on the drug, but at no time are you allowed to see its price. That’s sounds something like corporate communism.
I wonder what U.S. District Judge Amit Mehta got for making this ruling? That’s something I think should be disclosed to everyone.
Big pharma won on the grounds that the HHS violated their free-speech rights under the First Amendment of the U.S. Constitution. What?!! Blocking my right to know what the price of something is that I’m being pitched on TV is free speech for big pharma? That’s a perversion of what free-speech is supposed to mean in the Constitution. Nobody believes that the original framers of the Constitution would consider this a free-speech issue.
Big pharma corrupts everyone they can corrupt and operates like the mafia. Check out this doctor exposing big pharma corruption like the kind we saw today with Judge Amit Mehta’s horrible ruling.
On the flip-side, when big pharma is so powerful that it can buy judge rulings and override a government regulatory agency like HHS, these stocks may just be the ones to buy and hold long term.
The companies that blocked HHS were Merck, Eli Lilly, and Amgen. If you can resist the urge to be an ethical investor, here are the charts for those of you who have mastered “hold your nose” investing.