Sample Essay on:
The Pharmaceutical Industry and Political Influence in the United States

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Essay / Research Paper Abstract

This is a 5 page paper discussing the pharmaceutical brand-name industry and its political influence in the U.S. The brand-name pharmaceutical industry in the United States has a great deal of influence over the legislation which controls the drug industry in the U.S. In addition, there is a great deal of political influence on the pharmaceutical industry as many of those lobbying for support of the desires of the drug industry are former members of Congress and people who have previously worked for the federal government from both parties. Critics call the relationship between the drug industry and Washington politicians “a revolving door” and so far this relationship has maintained the steadfast control the drug companies have over any cost saving measures to the public. The drug companies who consistent have the largest percent profit margin over any other industry in the U.S. are primarily opposed to any legislation which would decrease this annual profit and are specifically opposed to any actions which would allow the Medicare benefit program to have a federal price control system; to any legislation which further opens the industry to generic competition; and to legislation which would allow for the re-importing of U.S. manufactured and FDA-approved drugs from Canada at a considerably lower price – all areas the drug industry has successfully controlled with political support. Bibliography lists 4 sources.

Page Count:

5 pages (~225 words per page)

File: D0_TJpharm1.rtf

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Unformatted sample text from the term paper:

addition, there is a great deal of political influence on the pharmaceutical industry as many of those lobbying for support of the desires of the drug industry are former members of Congress and people who have previously worked for the federal government from both parties. Critics call the relationship between the drug industry and Washington politicians "a revolving door" and so far this relationship has maintained the steadfast control the drug companies have over any cost saving measures to the public. The drug companies who consistent have the largest percent profit margin over any other industry in the U.S. are primarily opposed to any legislation which would decrease this annual profit and are specifically opposed to any actions which would allow the Medicare benefit program to have a federal price control system; to any legislation which further opens the industry to generic competition; and to legislation which would allow for the re-importing of U.S. manufactured and FDA-approved drugs from Canada at a considerably lower price - all areas the drug industry has successfully controlled with political support. The brand-name pharmaceutical industry in the United States is the richest industry in America "weighing in on this years Fortune 500 list with an average of 18.5 percent profit margin, more than four times that of all other industries" (Barry, 2002, May). With that money the drug industry is able to lobby and successfully control a great deal of political legislation in regards to maintaining the control and the high prices of drugs in the U.S. The scale of the influence the drug companies have on Washington is reflected in the large amounts of money it is able to spend on lobbying politicians for their interests. While this is all within the democratic and legal process ...

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