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I do not think it is a secret that most pharma companies are vehemently opposed to the drug pricing provisions in the inflation reduction act. I would be surpr
by pfisherman 3y ago
I do not think it is a secret that most pharma companies are vehemently opposed to the drug pricing provisions in the inflation reduction act. I would be surprised if the lobbying spend across industry is not much more than $9M.
- mattmaroon 3y agoBy orders of magnitude, there’s no way an industry that large only spent a few million trying to protect itself.
- pfisherman 3y agoExactly. The article only mentions spending by PhRMA. While they are the biggest, there are other trade groups out there. Also, all of the big pharma companies have their own individual PACs. For example, Sanofi individually spent $4.77M lobbying efforts in the US apart from any contributions to trade groups. PDF warning: https://www.sanofi.com/assets/dotcom/content-app/documents/Lobbying-4.pdf https://www.sanofi.com/assets/dotcom/content-app/documents/L...
- FirmwareBurner 3y ago>an industry that large For perspective, weren't the sales from one drug just in the US alone enough the boost the entire economy of Denmark?
- saiya-jin 3y agoFor a second or two I've read 9B, like OK a bit bigger sum than usual but this is fight about core of their business (screw everybody while they can since people generally don't like dying or suffering). 9M is peanuts, it may give you few votes on a matter or two but it doesn't move the big picture a bit.