July 22, 2009

Big Pharma: Big Lobby, Big Money

The pharmaceutical and health products industry has long been the top dog on K Street. Since 1998, the industry has spent more than $1.6 billion on federal lobbying. Last year alone, it spent more than $234 million — a sum that translates into roughly $125,000 every hour that Congress was actually in session.

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Tags: Obama, K Street, PHRMA, Medicare, Medicaid, the State Children's Health Insurance Program, SCHIP, Medicare Part D, FDA, Vioxx, Hatch-Waxman Act, Greater Access to Affordable Pharmaceuticals Act, Global Best Practice,

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