Obama's Secret TPP Corporate Takeover Deal Targets Medicare, New Leak Reveals

(Before It's News)

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Obama's Secret TPP Corporate Takeover Deal Targets Medicare, New Leak Reveals | 10 June 2015 | For the second time in a week, Medicare is complicating an already fraught debate over the 12-nation Trans-Pacific Partnership trade corporate takeover deal. A recent draft of the health care transparency section of TPP released by WikiLeaks on Wednesday reveals the deal would make Medicare vulnerable to legal challenges from pharmaceutical companies and jeopardize future attempts by the insurer to negotiate lower drug prices. According to an analysis of the leaked document by Jane Kelsey, a law professor at the University of Auckland in New Zealand, these rules are enough to expose national health authorities to legal challenges under TPP's investor-state dispute settlement process, or ISDS. ISDS empowers companies to challenge countries' domestic laws before a tribunal of international judges if they believe the laws unfairly limit investment. The tribunals have the power to impose significant fines on countries if their laws are found responsible for the investment hardship in question.

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