President Bush Vetoes SCHIP
LANCASTER, Pa. President Bush vetoed a bill Wednesday that would have renewed and further developed the state-federal health insurance program for children in low-income families.
The program, known as the State Children’s Health Insurance Program, or SCHIP, was vetoed Wednesday morning as the president affirmed that the program expansion would be too costly. Bush said it was reaching limits beyond its original objective.
The president said that several states are spending more money on adults than children. He also declared that the proposal could have possibly allowed children in families earning as much as $83,000 a year to receive coverage under the program, which diverts them away from private health insurance.
“That doesn’t sound poor to me,” Bush said. “The policies of the government ought to be: help poor children and to focus on poor children. And the policies of the government ought to be: help people find private insurance, not federal coverage. And that’s where the philosophical divide comes in.”
Bush added that the bill passed by Congress manifests “the desire by some in Washington, D.C. to federalize health care. I don’t think that is good for the country.” He said the government should be doing more to make private insurance affordable to those who lack health coverage.
“I don’t want the federal government making decisions for doctors and customers,” he added.
Congress had been working to draft the revision of the 10-year-old program, which expired September 30. The veto, however, does not mean the program will end immediately. Bush and Congress have agreed to extend the current program though November 16 while they try to work on a new version. Some political figures, however, said that it is not enough.
“Today we learned that the same president who is willing to throw away a half-trillion dollars in Iraq is unwilling to spend a small fraction of that amount to bring health care to American children,” said Sen. Edward Kennedy, D-Mass. “The Congress has done its job, passing a bipartisan bill that meets a critical need without adding a penny to the federal deficit. The president has broken his promise to America’s children.”
If it had been approved, the monies given to the program would have stemmed from an increased tobacco tax.
Mylan announces new appointments
PITTSBURGH Upon the news of the acquisition involving Merck’s KGaA generic business by Mylan, Mylan released a group of statements regarding new appointments to positions within the company worldwide.
The appointments include: Harry Korman as President, North America; Rajiv Malik as Executive Vice President in charge or Global Technical Operations; Carolyn Myers, Ph.D. President-elect of Dey; Christy Taylor as Chief Operating Officer of Dey; Didier Barret as President of Europe, Middle East, and Africa; Heather Bresch as Chief Operating Officer; and John Montgomery as President, Asia Pacific.
Mylan acquired Merck’s generics for $6.8 billion in cash.
FDA approves Afluria flu vaccine
AUSTRALIA The Food and Drug Administration has approved CSL’s flu vaccine Afluria, according to The Australian.
The company expects to ship two million doses as part of its first shipment to the U.S. between mid-December and early February. The company expects to increase its export to 20 million doses over the next four years.
“We’ve entered the US market quite late, but over the next few years we hope to increase our export of flu vaccine to the US to 20 million doses,” CSL’s Dr Rachel David said.