As Reform Efforts Persisted, PBM Trade Association Set Its Lobbying Record in 2023

The pharmaceutical and health products industry, which has consistently outspent all other industries on federal campaign contributions and lobbying, spent nearly $378.6 million in 2023 to further policy goals, according to data compiled by OpenSecrets.

With the 2024 presidential election around the corner, the pharma/health products industry nearly evenly distributed their donated campaign funds to Democratic and Republican lawmakers during the 2023-2024 election cycle. Among the 20 lawmakers who received the most contributions from the industry, nine are Democrats. President Joe Biden, who is running for re-election this year, topped the list, receiving over $232,000.

© 2024 MMIT
Jinghong Chen

Jinghong Chen Reporter

Jinghong produces infographics and data stories on health insurance and specialty pharmacy for AIS Health. She graduated from Missouri School of Journalism with a focus on data journalism and international reporting. Before joining AIS in 2018, she worked at WBEZ, Al Jazeera English and The New York Times Chinese.

Related Posts

stocking-pharmacy-shelves
October 12

Large-Employer Groups Dispute PCMA Claim That Some Firms Prefer Spread Pricing

READ MORE
business-executives
August 24

PBM Lobby’s Legal Victory Is Perhaps an Even Bigger Deal to Large Employers

READ MORE
congress
May 4

Pharma Spent Record Amount on Lobbying in 2022; PBMs Are Now in Spotlight

Read More

GAIN THERAPEUTIC AREA-SPECIFIC INTEL TO DRIVE ACCESS FOR YOUR BRAND

Sign up for publications to get unmatched business intelligence delivered to your inbox.

subscribe today