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faisalislam's profile
Faisal Islam
Faisal Islam
Faisal Islam
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@faisalislam

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Faisal IslamVerified account

@faisalislam

Economics Editor, BBC. Fin crisis book @theDefaultLine .. Brexitologist. Host award-winning 2016 EUref TV interviews & 2017 live GE debate. United ST.

London(head) Manchester(heart)
amazon.co.uk/dp/1781854106/…
Joined March 2009

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    Faisal Islam‏Verified account @faisalislam 3 Dec 2019

    Faisal Islam Retweeted BBC Politics

    So POTUS says he doesnt want to buy NHS, & PM doesnt want to sell it...President then denied ever having an interest, which is not what he said earlier in the year... So what is going on here? “For sale” doesnt really have a definition for starters..https://twitter.com/BBCPolitics/status/1201852955705724928?s=20 …

    Faisal Islam added,

    0:53
    BBC PoliticsVerified account @BBCPolitics
    "If you handed (the NHS) to us on a silver platter, we wouldn't want to have anything to do with it" Donald Trump has denied having any interest in the NHS. Here's what he said about it when he visited the UK in June ⬇️ [tap to expand] http://bbc.in/360lB1w  pic.twitter.com/VTk5kmZnng
    Show this thread
    5:26 AM - 3 Dec 2019
    • 757 Retweets
    • 1,033 Likes
    • REY PATRICE Bouquetin des Alpes Rae4️⃣2️⃣🎶📚♎💙 Susie Gemmell Jim Doherty Grey Orb Dr Sharon Lambert Jacqueline Mellett £v0lv£ M@π↑f£§t
    195 replies 757 retweets 1,033 likes
      1. New conversation
      2. Faisal Islam‏Verified account @faisalislam 3 Dec 2019

        UK medicines pricing clearly on US side of table... This video from January is US Pharma industry lobby telling US trade negotiators that US-UK trade deal is “an important opportunity” to deal with “artificially depressed prices” in UK - “dictated” via our “primary payer” systempic.twitter.com/ptXlcThTfV

        149 replies 3,925 retweets 3,551 likes
        Show this thread
      3. Faisal Islam‏Verified account @faisalislam 3 Dec 2019

        Source: this is the US Trade Representatives video (viewed by 131 people (!)) of its own consultation with US industry on objectives for a US-UK trade deal... the person above is Brian Toohey from @PhRMA you can watch it in full here: /2 https://youtu.be/14Lz9wB21L4 

        14 replies 296 retweets 358 likes
        Show this thread
      4. Faisal Islam‏Verified account @faisalislam 3 Dec 2019

        here is transcript - notice words highlighted - these then become, almost word for word the official US objectives (also below) on pharma for US-UK trade deal, a few weeks later - but the transcript helps us understand what that means in practice... “market derived pricing” /3pic.twitter.com/E60A7O5D0m

        11 replies 334 retweets 369 likes
        Show this thread
      5. Faisal Islam‏Verified account @faisalislam 3 Dec 2019

        “consistent with TPA” is ref to Trade Promotion Authority - Congressional fast track trade powers.. again echoes/ elaborates same language -ie in deals US negotiators must seek “elimination of price control & reference pricing which denies full market access for US products” /4pic.twitter.com/iS8jnoM87r

        3 replies 159 retweets 214 likes
        Show this thread
      6. Faisal Islam‏Verified account @faisalislam 3 Dec 2019

        Additionally US Pharma industry rep is then specifically asked by a US Government official what commitments the industry would want in a US-UK trade deal... “KORUS [Korea-US] agreement on market access.. are a very, very strong baseline for market access in US-UK agreement” /5pic.twitter.com/FQ2JtxuwQj

        11 replies 251 retweets 268 likes
        Show this thread
      7. Faisal Islam‏Verified account @faisalislam 3 Dec 2019

        significance of Korea-US? US Pharma industry got “groundbreaking provisions” changing way Korea assessed drugs prices ...Korea then didnt fully implement, until Trump/team obliged Korea to change “premium pricing policy” so as to apply to US innovations too /6 HT @SamuelMarcLowepic.twitter.com/jlAH1yBPrh

        4 replies 163 retweets 210 likes
        Show this thread
      8. Faisal Islam‏Verified account @faisalislam 3 Dec 2019

        So what does this show? That US pharma industry & US Congress and US Trade negotiators have clear strategic and binding aims to raise prices paid to US drugs companies by the NHS as part of the deal. I can’t see that Trump has or could reject this, also NICE is not part of NHS /7

        13 replies 327 retweets 383 likes
        Show this thread
      9. Faisal Islam‏Verified account @faisalislam 3 Dec 2019

        But Conservative manifesto promises p11: “The price the NHS pay for drugs will not be on the table”. Certainly is from US perspective, & published negotiating objectives. UK negotiators (from May Conservative Govt) did not rule out in same way as US ruled out climate changepic.twitter.com/QkmBenhSTe

        11 replies 164 retweets 199 likes
        Show this thread
      10. Faisal Islam‏Verified account @faisalislam 3 Dec 2019

        But also I can’t see how that could possibly lead to the £500m a week claim from Labour - Korea, for example, resisted for some time the changes sought to its pricing regime even after signing it. In the event even that was about a 10% increase for innovative drugs /9

        11 replies 43 retweets 89 likes
        Show this thread
      11. Faisal Islam‏Verified account @faisalislam 3 Dec 2019

        All said though - remarkable lack of detail about what actually would be prioritised in US-UK trade deal. Other democracies have v strong independent legislators representing local sectoral interests, in a way our MP system doesnt. Trade creates winners and losers. Debate missing

        17 replies 91 retweets 170 likes
        Show this thread
      12. Faisal Islam‏Verified account @faisalislam 3 Dec 2019

        full Con manifesto extract on trade - another interesting paragraph: “We will drive a hard bargain and we will be prepared to walk away”...PM said this too. He renegotiated Brexit deal to create freedom to do US deal -wd he really walk away if US insisted including drugs pricing?pic.twitter.com/kmQF7XBhSH

        15 replies 46 retweets 88 likes
        Show this thread
      13. Faisal Islam‏Verified account @faisalislam 3 Dec 2019

        Some ministers doubtful there will ever be a US deal, because, yes, PM would walk away. But on promise on NHS & “price it pays for drugs” not on table. It’s listed as a “principle”.. “we will follow” in trade talks... some wiggle room, not much, on what happens in practice.pic.twitter.com/7D32NUeFhA

        28 replies 39 retweets 54 likes
        Show this thread
      14. End of conversation

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