KHN Morning Briefing

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Pharma, Big Tobacco Opened Up Wallets For Trump’s Inauguration

The industries, which are often the focus of federal scrutiny, ponied up millions for the new president's inauguration festivities.

The New York Times: Trump Inaugural Drew Big Dollars From Donors With Vested Interests
Documents released this week by Mr. Trump’s inaugural organizers provide a glimpse of the big-dollar frenzy of influence-seeking and peacemaking surrounding Mr. Trump’s swearing-in, which raised $107 million, twice as much money as any other inauguration. ...  While Mr. Trump promised during the campaign to give Medicare and Medicaid the power to negotiate prices they pay for prescription drugs, two of the biggest drugmakers, Pfizer and Amgen, gave a combined $1.5 million in December. (Confessore, Fandos and Shorey, 4/19)

Kaiser Health News: With Drug Costs In Crosshairs, Health Firms Gave Generously To Trump’s Inauguration
Drugmaker Pfizer gave $1 million to help finance the inauguration, according to documents filed with the Federal Election Commission. Amgen, another pharmaceutical company, donated $500,000. Health insurers Anthem, Centene and Aetna all gave six-figure contributions. They joined a surge of corporate donors from multiple industries to break inauguration-finance records even as then-President-elect Donald Trump promised to “drain the swamp” of Washington influence-peddling. (Hancock, Lupkin and Lucas, 4/19)

Stat: Pharma, Tobacco, And Food Companies Fuel Inaugural Festivities
Two law firms with large health care practices also chipped in. Holland & Knight, which lobbies for the Alliance for Regenerative Medicine, America’s Essential Hospitals, and the Biosimilars Forum, among other clients, donated $100,000 and Mintz Levin Cohn Ferris Glovsky and Popeo, which has a busy health law group, gave $35,000. (Kaplan, 4/19)

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