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Thursday, May 31, 2012

Drugmakers Vowed to Campaign for Health Law, Memos Show

Big Pharm was definitely a major lobbying force behind Obamacare.
Drugmakers led by Pfizer (PFE) (PFE) Inc. agreed to run a “very significant public campaign” bankrolling political support for the 2010 health-care law, including TV ads, while the Obama administration promised to block provisions opposed by drugmakers, documents released by Republicans show. The internal memos and e-mails for the first time unveil the industry's plan to finance positive TV ads and supportive groups, along with providing $80 billion in discounts and taxes that were included in the law. The administration has previously denied the existence of a deal involving political support.
Read the rest here
Bloomberg Businessweek 

Judy Morris,
Blogger, THL
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