Pharmaceutical companies, which develop both over-the-counter and prescription drugs, have been among the biggest political spenders for years. While the industry has traditionally supported Republican candidates, some key players have recently increased donations to Democratic candidates as the GOP’s power in Washington erodes.
The pharmaceutical manufacturing industry will likely fair better this decade now that President Barack Obama’s initial plan to institute a public health insurance did not become a part of sweeping health care reform legislation signed into law in 2010. A government-run plan, because of its size, would have had considerable negotiating power to draw down drug prices…
The pharmaceutical manufacturing industry has had one of the largest lobbying efforts on Capitol Hill for years. With prescription drugs playing an increasing role in health care, manufacturers enjoying unprecedented increases in profits, and drugs like Viagra and Prozac becoming household names, industry players will continue to look to Congress to help them maintain their recent success.
What role does this lobbying power play into each citizen’s lives. Is this really about health for all or possibly control?
