Abstract

How the Drug Lobby Cut Cost Controls
Levine, Art | December 13, 1993 issue

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Nothing scares business more than the specter of government interference in its God-given right to make money. For pharmaceutical companies, precisely such a threat existed earlier this year when U.S. President Bill Clinton promised to crack down on the $75 billion industry--and even suggested he would consider price controls to hold down the cost of medicines. During a mid-February 1993 visit to a health clinic in Arlington, Virginia, U.S. President Bill Clinton attacked the industry for pursuing "profits at the expense of the children," noting that the cost of immunization had risen 1250 percent between 1981 and 1991.

See Also:

UNITED States -- Politics & government; PRESIDENTS -- United States; CLINTON, Bill, 1946-; INDUSTRIAL laws & legislation; LABOR laws & legislation; UNITED States
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