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Barack Obama picked up considerable political support for his overhaul of the American health-care system by promising a limit on price concessions to the pharmaceutical manufacturers. They signed onto ObamaCare after getting assurances that their givebacks would amount to no more than $80 billion over 10 years and that the federal government would not try to bargain for lower pricing using its advantage through Medicare. Henry Waxman plans to renege on just about every aspect of that agreement
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