Word: merck
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...said, let his group put numbers out? Clinton agreed. That way the numbers would be available but could not be directly linked to Clinton's plan. Two days later, after a 48-hour marathon of speech writing, Clinton spelled out his new, improved plan to an audience at the Merck pharmaceutical company in New Jersey. Clinton's blueprint for reform was now in place...
...week after Clinton took the oath of office, Magaziner circulated a secret 26-page memo to the First Lady, Cabinet officers and a few close political advisers of the President. Drawing on the Merck speech, Magaziner asserted flatly that managed competition -- with caps on payments -- was the model for Clinton's reform. Ruling out more radical approaches, Magaziner's memo said further that the chief goal of the coming months was to work out the most controversial aspect of the plan: how to finance the new system...
...Merck's Big Purchase
...Scolnick, who is president of Merck Research Laboratories, said these complaints should not detract from the industries' important contributions to science and world health...
...curry favor with the public. Last month Bristol-Myers Squibb announced that it will donate 17 different brands of blood pressure- and cholesterol-lowering drugs for use by patients whose doctors will certify that they have no insurance or other means of paying. In addition, Bristol Myers, Syntex and Merck have announced that they will provide 12.5% price rebates on drugs dispensed in federally financed public health programs for the poor...