Medco Increases Lobbying Spending in the Health Care Reform
According to an AP News article, Medco Health, a prescription management and health information company, has reported $1.1 million dollars worth of spending in the first quater. Medco lobbies for everything from generic biotech drugs to prescription drug benefits for Medicare Part D.
The company offers the Medicare Prescription Drug Plan (PDP) to Medicare beneficiaries. Neither Original Medicare nor Medigap Insurance offers benefits for prescription drug purchases. According to the article, “Medco lobbied Congress, the White House, the Department of Health and Human Services, the Federal Trade Commission, the Food and Drug Administration, the Centers for Medicare and Medicaid Services, the Health Resources and Services Administration, the Congressional Budget Office, and the Office of Personnel Management.” The prescription plan provider is also heavily invested in mail order prescriptions, which is popular among seniors. As a result Medco also lobbied U.S. Postal Service, Postal Rate Commission, and Postal Regulatory Commission.
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