Florida Man Rick Scott who defrauded Medicare, Medicaid and other federal programs, whose company he co-founded was fined $1.7 billion dollars in the largest HC settlement in history at the time.
Lol! You never fail with the ppl you pick to tweet share. Deceptive edit rupar, occupy democrats, and now this guy. Didn't be get out right owned yesterday. I'm too lazy to look it up.
There is some truth to what he's saying, but per usual it's not the entire picture or truth...not to mention considering that guy is a bernie bro he's ignoring the socialist protectionism plan.
"Further limiting competition is the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) for low-income mothers. By the Department of Agriculture’s estimate, WIC accounted for between 57% and 68% of all infant formula sold in the U.S. Under the welfare program, each state awards an exclusive formula contract to a manufacturer.
Companies compete for the contracts by offering states huge rebates on the formula women can buy. The rebates equal about 85% of the wholesale cost, according to a 2011 USDA study. Women can only use WIC vouchers to purchase formula from the winning manufacturer. These rebates reduce state spending, but there’s no such thing as free baby formula.
Why would manufacturers give states an enormous discount? Because the contracts effectively give them a state monopoly. Stores give WIC brands more shelf space. Physicians may also be more likely to recommend WIC brands. After 30 states switched their WIC contracts between 2005 and 2008, the new provider’s market share increased on average by 84 percentage points.
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America’s baby-formula shortage illustrates how bigger government can make big business bigger, thereby limiting competition and choice. This is especially worth noting as Democrats push to expand entitlements and government control over the private economy with Medicare for All, free child care, universal pre-K and more.
It also illustrates that global trade has its uses, and there are costs to the faddish drive to produce everything in America. Members of both parties in Congress want to subsidize domestic production, but this can create its own supply-chain vulnerabilities"