Advertisement

Drudge Retort: The Other Side of the News
Thursday, October 01, 2020

Rep. Katie Porter (D-Calif.) got out her marker and scrawled a figure on the whiteboard beside her: $13 million. "Do you know what this number is?" she asked Mark Alles, the former CEO of the pharmaceutical company Celgene, as he testified remotely before the House Oversight Committee on Wednesday. "Does it ring any bells?" "No one has ever wielded a weapon as terrifying as Katie Porter's whiteboard," wrote Molly Wood, a public radio journalist and host of Marketplace Tech. "This is just a fact."

More

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

By now, the scene is familiar, if never less enthralling: Porter leans into the microphone by her seat in a hearing room. She turns to the board on her left to scribble some numbers. And then, she begins pelting questions at a powerful man in front of her.

On Wednesday, to Alles: "Do you know how much you personally received in bonuses?" she asked, before he reluctantly acknowledged it was half a million dollars.

Yet, Porter continued. Celgene had repeatedly raised the price for revlimid, a treatment for multiple myeloma, from $215 per pill in 2005 to $719 last year. So she demanded that Alles, who led the drug manufacturer until it was acquired last year, explain what had changed over that time period.

"Did the drug start to work faster? Were there fewer side effects? How did you change the formula or production of revlimid to justify this price increase?" Porter asked.

Of course, he didn't need to answer. The details were laid out in a congressional drug pricing investigation published Wednesday, which concluded that prices were jacked up to hit revenue goals for shareholders and thus score bonuses for Alles and others.

"To recap: The drug didn't get any better. The cancer patients didn't get any better. You just got better at making money," Porter told him. "You just refined your skills at price gouging."

BAM! That sound you just heard was CEO Alles' sphincter slamming shut and the resultant backflow of bile quickly rising into his throat, leaving his mouth unable to say much more than 'Eh....'.

Katie Porter - the only single mother seated in Congress - is a national treasure.

#1 | Posted by tonyroma at 2020-10-01 10:01 AM | Reply | Newsworthy 3

... prices were jacked up to hit revenue goals for shareholders and thus score bonuses for Alles and others. ...

Ahhhh... healthcare for profit. The poster child of Capitalism.

Shareholders, not patients, are the beneficiaries.


#2 | Posted by LampLighter at 2020-10-01 10:14 AM | Reply | Newsworthy 1

She cracks me up on Bill Maher - Katie is a wit.

It's lovely seeing a whiteboard rather than a Kinkos posterboard of a velociraptor riding a Republican.

#3 | Posted by redlightrobot at 2020-10-02 12:07 PM | Reply

Comments are closed for this entry.

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2020 World Readable

Drudge Retort