You can't make this stuff up. As PharmaGossip (among others, including the Times) reportst, a drug company pays $2.3 billion in fines to settle charges of unprecedented seriousness about practices that directly put patients at risk, and that came out of a four-year federal investigation. And some yahoo right-winger asserts this fine – years in the works, unprecedented in scope, settling allegations rising from an investigation that started during the Bush Administration – is really part of Obama's effort to "federalize" medicine and cut costs.
Here's the video of the DOJ's press conference announcing the fine:
https://www.youtube.com/watch?v=SsBaCSNd_6c
Among the terms was a guilty plea to a felony violation for "misbranding Bextra with the intetn to defraud or mislead" and for illegally promoting Bextra, an anti-inflammatory drug, as well as an antibiotic, an antipsychotic, and an anti-epileptic drug. The criminal part of the fine, $1.1 billion, is the biggest criminal settlement ever. This is a massive fine, long in the works, to settle extremely serious allegations. But in a rather incredible column, the Examiner's "Economic Policy Examiner," James McConnell, today opined that no harm was done, and that this massive fine is really part of Obama's attempt to federalize health care and exert cost control.
McConnell first paints Pfizer's transgressions as mere technicalities, then suggests that the fine was levied not because anyone was harmed, but because prescriptions inspired by the illegal off-label marketing generated charges to federal health plans. (That financial injury was only one part of whack-em-with-everything approach the feds used to penalize Pfizer for its transgressions.) He completely ignores the dangers of off-label marketing, Pharma's well-documented fondness for the practice, the way it can harm patients while driving up medical costs, and, of course, the virtually unprecedented seriousness of the case against Pfizer and of the fine. None of that matters to McConnell. To him, this is about Obama finding in a technicality an excuse to reclaim some federal outlays.
McConnell's bio says his insights "come from direct experience." But his grasp of this issue seems to come from thin air, which he transmutes into hot air blowing a bunch of lies.
PS on 9/3/09: Those doubting the seriousness of these charges and of Pfizer's very deliberate pursuit of an illegal sales strategy should consider this, from Gardiner Harris's Times story:
Though the practice apparently has its defenders: