Some think the fears about government attention on high drug profit margins are overblown. "We believe that this effort (efforts against Mylan's price hikes) likely will follow the same playbook that lawmakers used to shame Gilead, Valeant (VRX), and others," according to Spencer Perlman, analyst at Height Securities. "Congressional hearings and a press onslaught, but no substantive legislative action."
Of course, anyone who knows the history here knows there is very little chance of anything good happening. The pharmaceuticals industry is spending over $100 million in the state of California to defeat a proposition designed to allow Medicare to get the same prices as the VA department.
That would be horrible, wouldnt it, to help poor people get their medication? Why, that violates everything that America and our political system stands for. You can be sure that our politicians will not allow this to happen.