Big Pharma gave $9M to dark money groups to fight drug pricing reform

This is the best summary I could come up with:

In August, the Department of Health and Human Services announced 10 drugs selected for the first round of Medicare price negotiations—a landmark effort established by the 2022 Inflation Reduction Act to try to drag down the country's uniquely astronomical prescription drug prices.

In 2022, the pharmaceutical industry's top lobbying group, PhRMA, gave a record $7.5 million to the GOP-linked dark money group, American Action Network (AAN), which spent millions on advertising that year opposing drug pricing reforms, some of which made it into the Inflation Reduction Act.

The revelation was announced by Issue One, a campaign finance reform advocacy group that reviewed federal tax filings.

In 2016, PhRMA gave $6.1 million to AAN as it stealthily backed an aggressive Republican effort to try to repeal the Affordable Care Act, which was ultimately unsuccessful.

Issue One obtained an annual tax filing PhRMA submitted to the IRS last week.

Politico also reported that PhRMA gave $1.6 million in 2022 to the centrist dark money group Center Forward, which funneled money to Democratic lawmakers who hampered the party's drug pricing reform efforts.

The original article contains 313 words, the summary contains 179 words. Saved 43%. I'm a bot and I'm open source!

1 comments

This is the best summary I could come up with:
In August, the Department of Health and Human Services announced 10 drugs selected for the first round of Medicare price negotiations—a landmark effort established by the 2022 Inflation Reduction Act to try to drag down the country's uniquely astronomical prescription drug prices.
In 2022, the pharmaceutical industry's top lobbying group, PhRMA, gave a record $7.5 million to the GOP-linked dark money group, American Action Network (AAN), which spent millions on advertising that year opposing drug pricing reforms, some of which made it into the Inflation Reduction Act.
The revelation was announced by Issue One, a campaign finance reform advocacy group that reviewed federal tax filings.
In 2016, PhRMA gave $6.1 million to AAN as it stealthily backed an aggressive Republican effort to try to repeal the Affordable Care Act, which was ultimately unsuccessful.
Issue One obtained an annual tax filing PhRMA submitted to the IRS last week.
Politico also reported that PhRMA gave $1.6 million in 2022 to the centrist dark money group Center Forward, which funneled money to Democratic lawmakers who hampered the party's drug pricing reform efforts.
The original article contains 313 words, the summary contains 179 words. Saved 43%. I'm a bot and I'm open source!