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Drug Company Profits Continue to Soar

Posted By Dr. Mercola | July 23 2008 | 1,150 views

Washington's largest lobby, the pharmaceutical industry, had a very successful year backed by a record $168 million lobbying effort.

Among the industry's successes were getting two controversial laws extended, and thwarting congressional efforts to restrict media ads for prescription drugs.

The spending represents a 32 percent jump over 2006 numbers, driven in part by a busy legislative calendar dominated by issues critical to the industry. The amount spent by drug interests on federal lobbying in the past decade now exceeds $1 billion.

More than 90 percent of the total was spent by 40 companies and 3 trade groups.

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Disclaimer: The entire contents of this website are based upon the opinions of Dr. Mercola, unless otherwise noted. Individual articles are based upon the opinions of the respective author, who retains copyright as marked. The information on this website is not intended to replace a one-on-one relationship with a qualified health care professional and is not intended as medical advice. It is intended as a sharing of knowledge and information from the research and experience of Dr. Mercola and his community. Dr. Mercola encourages you to make your own health care decisions based upon your research and in partnership with a qualified health care professional.

*These statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure or prevent any disease. If you are pregnant, nursing, taking medication, or have a medical condition, consult your physician before using this product.

Disclaimer: The entire contents of this website are based upon the opinions of Dr. Mercola, unless otherwise noted. Individual articles are based upon the opinions of the respective author, who retains copyright as marked. The information on this website is not intended to replace a one-on-one relationship with a qualified health care professional and is not intended as medical advice. It is intended as a sharing of knowledge and information from the research and experience of Dr. Mercola and his community. Dr. Mercola encourages you to make your own health care decisions based upon your research and in partnership with a qualified health care professional.

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