Monday, April 02, 2007

Who's Running the Asylum?

Prescription drug prices in the US are the highest in the world. Same drugs sold in other countries are far cheaper -- but it's illegal to buy them overseas.

60 Minutes explores how an army of pharmaceutical company lobbyists, armed with $100 million a year, got a bill through Congress to keep prescription drug prices high in this country.

Part of the strategy -- lobbyists, not Congress members, wrote the bill. Congress just rubber-stamped the 1,000 page plan -- during a 3:00 am vote. Like anyone would be watching C-SPAN then. (CBS)

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