Pharma Donations Flow to GOP Lawmakers Fighting Curbs on Prices

December 30, 2019, 5:22 PM UTC

Top executives from five pharmaceutical companies including Pfizer Inc. and Amgen Inc. have given more than $370,000 combined to 2020 political campaigns. The contributions flowed largely to Republicans who pose a bulwark against drug price-control legislation that could hurt companies’ revenue.

Lawmakers heading into the 2020 elections face increasing pressure to pare back the costs consumers pay for drugs. On the table are proposals that would empower the federal government to demand lower prices for certain medicines. Another aims to overhaul Medicare to reduce what seniors pay.

The campaign of Senate Majority Leader Mitch McConnell and affiliated committees were the ...

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