Scott Peters collected pharma cash after opposing Pelosi drug pricing bill

WASHINGTON — The very next day after Rep. Scott Peters attempted to torpedo House Speaker Nancy Pelosi’s signature drug pricing bill by gathering a cadre of moderates to challenge the measure, pharmaceutical industry executives and lobbyists flooded his campaign with cash, according to campaign finance disclosures.

Peters, a California Democrat, made waves in early May when he co-led a letter with nine other moderate Democrats taking a stand against the part of Pelosi’s painstakingly crafted drug pricing bill that would allow Medicare to negotiate drug prices — especially because Peters voted for the same bill in 2019 and 2020. Democrats have control of the House by a narrow margin, so the signatories’ opposition would essentially mean the bill can’t pass as is. Drug lobbyists largely viewed it as a death knell for the package.

Unlock this article by subscribing to STAT+ and enjoy your first 30 days free!


Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button