PhRMA represents the most powerful drug companies in the country. According to its tax returns, it brings in almost as much in revenue on its own as the other two top healthcare lobbying groups, the American Hospital Association and the American Medical Association combined.
PhRMA’s tax returns also show it gave million in grants to conservative groups that pushed policies favored by the pharmaceutical industry to the Trump administration and Congress.
The industry is facing pressure as Congress proposes bills aimed at lowering drug prices.
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