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10/8/12

US Presidential Campaign: Pharmaceutical Industry Pours Millions In Lobby Efforts And Romney Campaign

One of the most powerful players in health care is a group called the Pharmaceutical Research and Manufacturers of America, or PhRMA. It represents just 32 brand-name drug companies, but it has so much influence that when Congress passes a bill, PhRMA almost always gets its way. One big reason why: PhRMA and its members have spent millions of dollars lobbying Congress as lawmakers worked on overhauling health care and most of the time got  their way.

Today the government is empowered to negotiate how much it pays doctors, hospitals, laboratories — almost anyone who does business with Medicare. Anyone that is except pharmaceutical companies.

A Romney win is seen by them as a necessity to alter or scrap the so-called Obama care. 

EU-Digest

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