Thursday, May 14, 2009
Why does PhRMA oppose the public plan?
The CEO of Lilly gave a speech today opposing the public health insurance option. Now, a knee-jerk liberal like myself says "Yes, that's just big business quashing reform once again."
But when you stop and think about it, why are they so afraid? A public plan would mean health insurance for 47 million more people. That's an extra 60+ million doctor visits every year. And you know that at least half of those visits would end with a prescription being written --- probably more like 3/4, if you're as loose with the scrip pad as I am.
So a public plan should be a huge boon to PhRMA. Why are they so afraid?
I have my thoughts, but I'm interested in what others think.