Obamacare means big money for India, and I don’t mean call centers.
BBC News: Obamacare has hidden benefits – for India
“As millions of Americans are encouraged to enrol in health insurance plans under the new system, executives in India’s generic drug and software industries foresee an upswing in business.”
President Obama’s former adviser on health reform, Kavita Patel, explained the virtues of generic drugs. Patel is now with the Brookings Institute.
The problem with Indian drugs is that the industry is poorly regulated and known for counterfeits. From the Economic Times: Fake & sub-standard drugs: India, China may be worst offenders.
- Indian drugmaker Ranbaxy faces new US regulation woes (foxnews.com)
- Suspected human hair in tablet cited in Ranbaxy ban (rediff.com)
- Ranbaxy shares see worst 1-day fall on FDA action – NDTV (profit.ndtv.com)