Pharma “buys” politicians and patients lose

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SUMMARY: Senator McConnell vowed to block prescription drug plan that would save $345 billion calling it a “ socialist “ program that would do “damage to the healthcare system.” He also defended a lawsuit to undo the Affordable Care Act’s protection of insurance for pre-existing health conditions even though it’s become a problem for Republican candidates in the campaign for control of Congress. A politician bought by pharma.

McConnell’s opposition to the bill comes after he had an exceptional quarter of fundraising from executives and PACs of pharmaceutical companies that could be forced to reduce the prices of their drugs under Medicare if Pelosi’s bill becomes law. From July 1 to Sept. 30, McConnell’s joint fundraising committee and campaign committee raised $195,300 from executives and PACs of pharmaceutical companies, according to third-quarter Federal Election Commission filings reviewed by Sludge.

The CEOs of Abbvie, Bristol-Myers Squibb, Merck, Pfizer, Roche Pharmaceuticals, and Sanofi each contributed $15,600 to McConnell’s joint fundraising committee in the third quarter. Novo Nordisk Executive Vice President Doug Langa chipped in $10,000, Amgen CEO Robert Bradway gave $7,500, and Celgene CEO Mark Alles contributed $5,000.

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McConnell’s Senate committee received contributions from several pharmaceutical industry PACs during the quarter, including those affiliated with Allergan ($7,500), Sunovion ($5,000), Celgene ($2,500), and the Biotechnology Innovation Organization ($1,000).

Opt Ed

Medicare should be negotiating lower prices with drug companies, it’s basic logic! McConnell is a cancer in politics that has to be removed.

Originally published at https://worldofdtcmarketing.com on December 6, 2019.

Marketing contrarian with over 15 years of developing leading edge and award winning digital marketing initiatives.

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