December 3, 2021

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On prescription drug prices, Biden suffers familiar defeat – The Washington Post

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For instance, Peters, a California congressman who represents a biotech-heavy district and who had previously supported negotiation, warned Pelosi in a May letter thathe and nine allies were seeking more modest reforms than the negotiations pushed by Democratic leadership. Immediately afterward, he received thousands of dollars in contributions from pharmaceutical interests, raking in $66,400 between May 4 and June 30 from executives associated with Pfizer, Eli Lilly, Bristol Myers Squibb, Merck and the industry trade group PhRMA, according to a Stat analysis. Peters is a top recipient of drug company donations, having received $541,000 since 2007, according to a Kaiser Health News campaign contributions tracker.

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