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View Full Version : 03/30/04 Insurers and Drugmakers Spent Millions Lobbying for Medicare



Poster
03-30-2004, 10:18 AM
Annual disclosure reports show that the companies who now have pricey government contracts to provided discount prescription drugs, spent $65 million to get the bill passed. The assumption is that the biggest spenders won billion dollars contracts, ensuring their financial future.

"This confirms the growing belief among seniors that this legislation is a bonanza for the drug companies, various insurance companies and others who have a commercial stake in this legislation," said Ron Pollack, executive director of Families USA. The advocacy group opposed the Medicare reform bill.”

“The brass ring companies are grabbing for is the $400 billion to
$500 billion Congress and the White House estimate the government will spend for prescription drugs on behalf of Medicare beneficiaries over the next 10 years.”

To read more go to: http://www.coshoctontribune.com/new...ews/175580.html