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Sun May 6, 2018, 03:36 PM

As Trump Prepares Plan to Lower Drug Prices, Big Pharma Girds for a Fight [View all]

Source: The New York Times




By ROBERT PEAR MAY 6, 2018

WASHINGTON — In his State of the Union address in January and again in New Hampshire in March, President Trump made a bold promise: “You’ll be seeing drug prices falling very substantially in the not-too-distant future,” he said, “and it’s going to be beautiful.” Not if the pharmaceutical companies can stop it.

Big Pharma is pouring money into a lobbying campaign to thwart any serious efforts to rein in prescription drug prices ahead of a presidential speech this month where Mr. Trump plans to lay out his drug pricing proposals.

“There is apprehension across the industry,” said Bruce Artim, who retired recently after 11 years as the director of federal affairs at Eli Lilly and Company. “Pharma folks are nervous.”

Drugmakers spent $171.5 million lobbying the federal government last year — more than insurance, electronics, oil and gas or any other industry, according to data compiled by the Center for Responsive Politics, an independent group that tracks money in politics.




Read more: https://www.nytimes.com/2018/05/06/us/politics/trump-drug-prices-lobbying.html

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Reply As Trump Prepares Plan to Lower Drug Prices, Big Pharma Girds for a Fight [View all]
DonViejo May 2018 OP
jmowreader May 2018 #1
LiberalArkie May 2018 #3
Hortensis May 2018 #13
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pecosbob May 2018 #2
bucolic_frolic May 2018 #4
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no_hypocrisy May 2018 #6
LeftInTX May 2018 #8
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