Pfizer Inc on Monday said it would buy Botox maker Allergan Plc in a deal worth $160 billion to slash its U.S. tax bill, rekindling a fierce political debate over the financial maneuver.
The acquisition, which would create the world's largest drugmaker and shift Pfizer's headquarters to Ireland, would also be the biggest-ever instance of a U.S. company re-incorporating overseas to lower its taxes. U.S. President Barack Obama has called such inversion deals unpatriotic and has tried to crack down on the practice.
Democratic presidential front-runner Hillary Clinton pledged to propose measures to prevent such deals. The merger was also slammed by her rival Senator Bernie Sanders as well as by Republican presidential candidate Donald Trump.
"The fact that Pfizer is leaving our country with a tremendous loss of jobs is disgusting," Trump said in a statement.
It was not immediately known how many jobs would be lost as a result of the merger.
Pfizer to buy Allergan in $160 billion deal
Not conspiring. Also the senate has blocked all bills to repeal the deal as a result the drug prices have soared.
Who paid for your HSA's, Your employer?
They match you up to a thousand each year and you put in whatever you want after that.
We always load it up at the beginning of each year so it covers prescriptions until we hit our deductible. With my prescriptions running over eight hundred a month it stops the sticker shock.
Great job you have. I imagine they cost share on your premium as well. Glad for you, but many do not have benefits like that even if they work full time.
But I feel everyone should pay what they can for health ins, and before the ACA many just chose to pay nothing at all. Take a 30 year old living in an apt, in good health and choosing not to have health ins. because he is in good health, so he ends up ill or in an accident while out hiking, and the hosp boots the bill (us). He doesn't declare bankruptcy because he has nothing to loose.
Now if someone has a home and can't afford health ins , and makes too much for Medicaid, they will file bankruptcy.
More and more jobs do not offer health ins. cost share, and many people work two jobs and do not have health ins, but at least with the ACA, they pay something for ins.