More cost cuts sought from drug industry

New York Times, July 23, 2009

The pharmaceutical industry has remained relatively unscathed so far in Washington?s effort to overhaul the nation's healthcare system. But despite the much publicized 10-year, $80 billion cost-saving promise the drug industry made to President Obama and the chairman of the Senate Finance Committee, some House leaders do not think the drug makers have given enough. President Obama seemed to agree during a nationally televised news conference focused on healthcare reform. He praised the pharmaceutical industry for making a hard commitment, but added "we might be able to get $100 billion out of them, or more."


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