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Biotech / Medical : PFE (Pfizer) How high will it go? -- Ignore unavailable to you. Want to Upgrade?


To: Anthony Wong who wrote (3976)7/7/1998 12:15:00 AM
From: flickerful  Read Replies (1) | Respond to of 9523
 
anthony...

thanks for posting the cover story...
it is well worth reading, even beyond its
redemptive spin on the plainly tightfisted
motives behind viagra cost-denying
insurers...
PFE will enjoy
a positive backlash, along with others
no doubt.

an excerpt...( be careful
you wish for may be the moral here):

What most folks didn't realize was that if government didn't do it, somebody else would. That somebody turned out to be America's employers, working hand-in-glove with the insurance companies. Today 85% of all insured employees--up from 53% five years ago--have moved out of traditional fee-for-service plans, in which doctors call the shots and insurance companies pay the bills, and into managed-care plans, including health-maintenance organizations, or HMOs. Almost every aspect of medical care provided by HMOs is second guessed--not by the government, not by Hillary, not even by doctors, but by the bean counters.

thanks again,
randy



To: Anthony Wong who wrote (3976)7/7/1998 8:48:00 AM
From: YORE  Read Replies (2) | Respond to of 9523
 
It seems to me that Pfizer has every right to seek legal recourse from the two HMO that said that Viagra was unsafe.They had no factual evidence to back up their statement and it was damaging to Pfizer. Previous cases like this were awarded large compensation for damages. Perhaps they don't want to agrivate the HMO