A company convicted of major fraud would automatically be kicked out of Medicare and Medicaid. Pfizer would no longer be allowed to bill any federal health program for any of its products

Removing indemnity for pharmaceutical companies is only one battle we face in America, Senator. We also have a seemingly corrupt Department of Justice and Defense Department that continues to purchase medical countermeasures that do anything but enhance or improve the mission… https://t.co/vhZaWSqQwY pic.twitter.com/J8AtjSybeG

— Brook Jackson 💜 (@IamBrookJackson) August 10, 2023

Just as giant banks on Wall Street were considered too big to fail, Pfizer was considered too big to nail.  Why?  Because a company convicted of major fraud would automatically be kicked out of Medicare and Medicaid.  Pfizer would no longer be allowed to bill any federal health program for any of its products.  It would be a corporate death sentence. 

If a company like Pfizer is excluded from Medicare and Medicaid, they're out of business," Lewis Morris a top lawyer at the Department of Health and Human Services.

Lewis Morris told us that Pfizer's collapse could leave thousands out of work, Millions not getting their medication we have to ask whether by excluding a company are we are we harming our patients are we harming the beneficiaries who need these critical drugs?

Since shutting down Pfizer was unthinkable, Pfizer and the FEDS cut a deal.  And here is how they did it.  Pfizer, located here in New York, owns a company name Pharmacia Corporation, which owns another company called Pharmacia & UpJohn, LLC, which owns Pharmacia & Upjohn Company, LLC, which in turn owns Pharmacia & Upjohn Company, Incorporated.  What does Pharmacia & Upjohn Company, Incorporated do?  Nothing.  It's a shell company created to be a legal shield for Pfizer.  In other words, if Pfizer was at risk of being convicted, the shell company would take the hit. Think of it as the great-great-grandson of the parent company.