How Big Pharma is fueling a radical MAGA agenda
Big Pharma has invested big money in the organizations planning what a MAGA policy agenda will look like in a new Trump administration. Not surprisingly, that policy playbook contains a major gift for the drug industry: a swift end to the Biden administration’s landmark program to allow Medicare to negotiate lower drug prices.
For two decades, Congress barred Medicare from negotiating prescription drug prices, which is a major reason why Americans pay higher prices for drugs than anyone else in the world. In 2022, Democrats finally passed legislation creating a price negotiation pilot program.
The same year, Washington’s top drug lobby — Pharmaceutical Research and Manufacturers of America, or PhRMA — donated $530,000 to groups involved with the far-right Project 2025 agenda. The agenda, which is meant to serve as a policy roadmap for the early days of a new Donald Trump presidency, includes a call to repeal the new provisions allowing Medicare to negotiate drug prices.
The provisions are one of the most popular achievements of the Joe Biden presidency, with 76 percent of Americans supporting Medicare drug-price negotiations, including two thirds of Republicans. Only 6 percent of Americans outright oppose the policy, according to recent polling by the Associated Press.
So it’s not surprising that Big Pharma would fund front groups willing to wage an unpopular battle to boost drug manufacturers’ bottom lines — PhRMA has long done so with organizations on both sides of the aisle. However, the lobbying group’s donations to the organizations behind Project 2025 implicates the pharmaceutical industry in an extremist conservative plan that calls for eliminating access to the abortion pill, allowing states to ban hospitals from providing emergency abortion care, and ending protections for LGBTQ+ Americans. [Continue reading…]