PhRMA's strategy of playing ball with the White house was unpopular with some members, but it looks smart in retrospect. In exchange for its cooperation and $90 billion in cost-savings to Medicare, which will go mostly to close the Part D "donut hole," PhRMA secured a seat at the table and a bill broadly favorable to the industry's interests. The law aims to extend insurance coverage to 30 million Americans, and that means 30 million more people going in to see doctors, potentially leaving with prescriptions.
Less risk, lower reward in health law
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