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Drug Company Profits Continue to Soar

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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Posted On Jul 23, 2008
Industry lobbying should be made illegal.

They already have billions of dollars, and I think they should be more than happy enough than to peddle for more. Lobbying (other than bribing) is just their way of manipulating the government to work for them when the government should be working for the people's interests.

I have no problem with them being so successful and swimming in riches. They can be as snobby and haughty as they want for all I care. But when they're twisting science and politics, harming people, killing people, practically coercing people to take their products, and then denying that not only is it ineffective but causing harm and death just so they keep the money coming in-that I have a serious problem with.

 
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Apprentice User Apprentice User, Joined On 2/2008
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