Drugflation

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Next time you suffer from sticker shock when you pick up a prescription from the pharmacy, you can ease your mind knowing that some of that money is going to ensure the price stays high.

WASHINGTON (Reuters) - The pharmaceutical industry spent $44 million lobbying U.S. state officials during a two-year period with much of the money going to fight proposals that would have reduced prescription drug costs, according to report released on Thursday.

The Center for Public Integrity said industry representatives spent the money in 2003 and 2004, a time when more than half of all states were considering proposals to reduce the cost of medicines. Prescription medicines are one of the fastest-growing expenses for state governments, which are among the pharmaceutical industry's biggest customers, the report said.

Big Pharma – a national treasure.