Drug Industry to Spend $150 Million on TV Ads Supporting Obama Health Care
President Barack Obama’s newfound friendship with the drug industry’s top lobbyist is beginning to pay off. The Pharmaceutical Research and Manufacturers of America (PhRMA), which represents drug companies in Washington, DC, is planning to launch a $150 million advertisement campaign to support President Obama’s healthcare reform plan, with the first TV ads expected to run this month during Congress’ August recess.
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