Spend Money to Make Money-Big Pharma Sets Record for Number of Lobbyists

According to examiner.com drug companies and their trade groups spent a record $155 million on lobbying the past 18 months. Issues that top the list for spending include Medicare prescription drug price negotiation and FDA reform. Drug companies were responsible for the bulk of the spending, employing around 1,100 lobbyists on capitol hill. Pharmaceutical Research and Manufacturing of America accounted for 18 million of the 155 all by themselves. According to recent reports, the majority of spending has been directed towards stopping the ability of Medicare to negotiate its prices on prescription medication. Big Pharma by far outspent all other lobbying organizations. A recent 60 minutes expose entitled Under The Influence, talked about to several senators and other View the rest of this article