Leaked TPP Healthcare Text: Another Reason to Scuttle Secret Treaty

WikiLeaks released another chapter of the Trans-Pacific Partnership (TPP), the still-secret mega-treaty between the United States and 11 other Pacific Rim nations, on Wednesday, two days before a planned vote in the House of Representatives to give President Obama Trade Promotion Authority (TPA, also known as Fast Track).

The secret text, ironically (or cynically) titled “TPP Transparency Chapter Annex on Transparency and Procedural Fairness for Pharmaceutical Products and Medical Devices,” appears to confirm the charges of TPP critics who have characterized the treaty as a sellout to “Big Pharma,” the giant pharmaceutical companies.

Commenting on the leaked TPP texts, financial website ZeroHedge.com noted:

It is no secret that US healthcare corporations have been among, if not the biggest beneficiaries of Obamacare: by “socializing” costs and spreading the reimbursement pool over the entire population in the form of a tax, pharmaceutical companies have been able to boost medical product and service costs to unprecedented levels with the help of complicit insurance companies who have subsequently passed through these costs to the consumer, in the process sending the price of biotech and pharma stocks to levels not seen since the dot com bubble.

Now, thanks to the latest TPP text leak, ZeroHedge’s Tyler Durden comments, “it appears that ‘big pharma’ is once again pulling the strings, this time of the Trans Pacific Partnership.”