U.S. Industries that Spend the Most on Lobbying
In 2023, over 12,000 different lobbyists in the U.S. spent a a record $4.3 billion on lobbying activities, according to Open Secrets, a non-profit research group tracking money in U.S. politics. This was up from $4.1 billion in 2022—and the highest annual total so far.
Organizations either hire lobbying firms or employ in-house lobbyists to meet with government officials, seeking to influence government decision-making.
The two biggest spenders in the pharmaceuticals industry were the industry’s leading lobby group, Pharmaceutical Research and Manufacturers of America, and pharmacy benefit managers association Pharmaceutical Care Management Association.
Source: Visualcapitalist
These are big numbers here. Billions of dollars are just spent on such practices. Ultimately, these are also paid by consumers, so there is inflation?