Big Pharma Seeks to Shape Health Plan

reuters.com — Major drug makers want their voices heard as U.S. Democrats, traditionally critics of the industry, start crafting plans to expand health insurance coverage and cut the escalating costs of care. Companies are promoting the success of Medicare's prescription drug coverage and potential for pharmaceuticals to save money in the long term. Big Pharma executives are meeting in Washington this week at a gathering of the International Federation of Pharmaceutical Manufacturers and Associations. Democrats have attacked drug makers for high prices, excessive advertising and some manufacturers' handling of side effects.

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