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Health Care Reform: For Biopharmas There Is Much To Like

The passage of health reform was a momentous juncture for the health care industry, but is also just the beginning of years of policy development that amend or define the crucial details of the 2010 proposals. Analysts are still tallying the reform bill's final cost to biopharma companies; even so, the industry stands to gain more it gives up with the landmark legislation's passing.

By Michael McCaughan, Scott Steinke, Emily Hayes, Jessica Merrill, and Ellen Foster Licking

One telling sign that comprehensive health care reform was near death was the surprising resignation in February of Billy Tauzin as head of the industry trade group Pharmaceutical Research & Manufacturers of America. Tauzin, the classic political door-opener in Congress, and a select group of pharmaceutical CEOs bet early – and big – on the notion that a Democratically controlled Congress and the Obama Administration would pass comprehensive health care reform

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