Say what you like about healthcare reform—say that it is necessary, or it is unnecessary; say that it is just another government program bound to fail, or that it is an important government duty to pick up where the private sector has failed; say that it is a manufactured crisis or that it is the most serious political issue of our time—but you can’t say this bill is rational, well-considered, and logical.
It is political, it is pay-for-play, and it is not reform. Indeed, it is Chicago politics at the National level. How did our most populist modern President since Jimmy Carter come to allow such a state of affairs? Well, apparently, everything—even principle—is negotiable.
Still, we leave the political name-calling for others who care about such stuff. Our business is to make money.
And unless something goes terribly wrong in subsequent legislative maneuvering, we think so-called “healthcare reform” provides the best opportunity for profitable investment in Big Pharma in decades.
The “Audacity of Hope”? Not that we can see. More like, the Audacity of Extortion.
