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After Drug Plan Shows Trump 'Will Do Nothing About Their Greed,' Big Pharma Stocks Soar

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  • "Don't be fooled: President Trump and his administration are bought and paid for by Big Pharma."  —Brad Woodhouse, Protect Our Care
  • Related: Series | A Nation Under Trump, Part 9: How do we create a high-value health care system?

Jake Johnson, Common Dreams

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http://www.kfai.org/files/images/health%20care%20symbol%20screw.jpgFriday, May 11, 2018 | In a strong indication that investors and major pharmaceutical companies know President Donald Trump's newly unveiled drug plan "will do nothing to rein in their greed," Big Pharma stocks soared on Friday as Trump delivered a brief and extremely vague speech promising to lower drug costs that critics called a "cover-up for the sweetheart deal" he's offering America's price-gouging drugmakers.

"When big pharmaceutical companies' stocks spike during your big reveal on lowering prices, you're doing something wrong," Brad Woodhouse, campaign director of Protect Our Care, said in a statement following Trump's speech on Friday. "Don't be fooled: President Trump and his administration are bought and paid for by Big Pharma."

https://www.commondreams.org/sites/default/files/styles/medium/public/authors/johnson.jpg?itok=Xrr2HegA Jake Johnson, staff writer, Common Dreams

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Related:

Series | A Nation Under Trump, Part 9: How do we create a high-value health care system? Michael Panicola, National Catholic Reporter (NCR)

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  • The Series: As the anniversary of Donald Trump's election as president of the United States approached, the NCR staff wondered if the calls to action that persisted immediately following the election remained as urgent.
  • Part 9: Admittedly, we need to do more than what's been proposed above to rectify the current problems and impending crisis in U.S. health care. However, without accepting the moral and practical urgency of universal health coverage and the equally critical need to overhaul health care financing and delivery, all reform efforts are doomed to fail.

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