The poor drug companies

The pharmaceutical industry spent more than $800 million since 1998 on lobbyists and political campaigns. In the past year the industry hired nearly 1,300 lobbyists. Some are former lawmakers and some worked for congressional committees or regulatory agencies. The lobbyists got the drug giants a massive tax relief bill and prevented the government from negotiating prices on drug buys. Well, you can buy a lot of persuasion for $800 million. (From a recent news report in Newsday.)

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