Capitalism at work
 

The Hill reports a Pennsylvania company that received $13.8 million in
tax dollars to produce cheap, portable ventilators is now selling them
overseas as the U.S. scrambles to find enough of the devices to sustain
hospital patients affected by the coronavirus, according to an
investigation by ProPublica.

In 2015 the Department of Health and Human Services (HHS) contracted the
company to produce the ventilators, which were approved by the Food and
Drug Administration (FDA) in September 2019. Not a single version of the
model, Trilogy Evo Universal, in the U.S. stockpile.

HHS ordered 10,000 of the ventilators for the Strategic National
Stockpile at a cost of $3,280 each. Instead, the company, which is a
subsidiary of Dutch appliance and technology giant Royal Philips N.V.,
began selling more expensive versions of the ventilators across the world.

HHS told ProPublica that the company agreed to produce them “as soon as
possible,� but a Philips spokesman said the company has no plan to even
begin production anytime this year.

Instead, the company is reportedly negotiating with a White House team
led by Trump’s son-in-law, Jared Kushner, to build 43,000 more
ventilators for Americans infected with COVID-19.

Capitalism at work
 

Keyser Soze wrote:
The Hill reports a Pennsylvania company that received $13.8 million in
tax dollars to produce cheap, portable ventilators is now selling them
overseas as the U.S. scrambles to find enough of the devices to sustain
hospital patients affected by the coronavirus, according to an
investigation by ProPublica.

In 2015 the Department of Health and Human Services (HHS) contracted the
company to produce the ventilators, which were approved by the Food and
Drug Administration (FDA) in September 2019. Not a single version of the
model, Trilogy Evo Universal, in the U.S. stockpile.

HHS ordered 10,000 of the ventilators for the Strategic National
Stockpile at a cost of $3,280 each. Instead, the company, which is a
subsidiary of Dutch appliance and technology giant Royal Philips N.V.,
began selling more expensive versions of the ventilators across the world.

HHS told ProPublica that the company agreed to produce them “as soon as
possible,� but a Philips spokesman said the company has no plan to even
begin production anytime this year.

Instead, the company is reportedly negotiating with a White House team
led by Trump’s son-in-law, Jared Kushner, to build 43,000 more
ventilators for Americans infected with COVID-19.




If they received money and did not produce, confiscate the company. What
would Bernie or Joe do?

Capitalism at work
 

Keyser Soze Wrote in message:
The Hill reports a Pennsylvania company that received


!!!Uncorroberated crap posted by Fat liar Harry deleted!!!

Why are you posting this ****?
Do you believe any of this ****? If so, why?

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..

Capitalism at work
 

Bill Wrote in message:
Keyser Soze wrote: The Hill reports

If they received money and did not produce, confiscate the
company. Whatwould Bernie or Joe do?

Crooked Joe would have his fist in it grabbing money. Isn't that
what your typical swamp guy does.
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Capitalism at work
 

On Tue, 31 Mar 2020 22:04:02 -0400 (EDT), Justan Ohlphart
wrote:

Bill Wrote in message:
Keyser Soze wrote: The Hill reports

If they received money and did not produce, confiscate the
company. Whatwould Bernie or Joe do?

Crooked Joe would have his fist in it grabbing money. Isn't that
what your typical swamp guy does.


My bet is those Bozos at GSA wrote a sloppy contract that doesn't have
any real penalties for non compliance, or no compliance at all.

I really doubt there is any front money. The government usually pays
after the product is delivered.

Capitalism at work
 

Justan Ohlphart wrote:
Bill Wrote in message:
Keyser Soze wrote: The Hill reports

If they received money and did not produce, confiscate the
company. Whatwould Bernie or Joe do?

Crooked Joe would have his fist in it grabbing money. Isn't that
what your typical swamp guy does.

I forgot Solyndra. Were the liberals upset about that $500 million?