Drug lobby spends millions to influence legislation

A team from The Center for Public Integrity reports on spending by the pharmaceutical and health products industry on lobbyists. “The drug industry’s huge investments in Washington — though meager compared to the profits they make — have paid off handsomely, resulting in a series of favorable laws on Capitol Hill and tens of billions of dollars in additional profits.” Pharmaceutical companies spent nearly $116 million lobbying the government, a figure not uncommon for the industry. “In 2004, drug makers upped their reported expenditures on lobbyists to $123 million, a record amount for the industry.”