… According to statistics United Republic assembled, the prescription drug industry spent $116 million lobbying for legislation to prevent Medicare from bargaining down drug prices — legislation that enabled drug companies to make an additional $90 billion annually. That amounts to an extraordinary 77,500 percent return on investment. Oil companies, […] Read more »
The Shadow Lobbyist
There has been a quiet upheaval in the lobbying industry. On the surface, the firms that represent thousands of businesses, trade associations and special interests are taking a beating. In practice, however, the lobbying industry is moving below the radar. More than $3 billion is still spent annually, more of […] Read more »