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Wednesday, August 30, 2017

Big Pharma secretly funds the fight to keep drug prices high

As the cost of prescription drugs continues to rise in the nation that already pays the most in the world for medications, federal legislators and ballot-measure committees are proposing ways to curb those prices. But pharmaceutical companies, worried their profit margins will decline under the pending proposals, are spending millions of dollars against the initiatives — and in one political bellwether state, they are employing a controversial tactic that uses shell companies to let them evade longstanding campaign finance disclosure laws.

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