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Insurance and HMO Industries Spend Nearly $700,000 Per Day to Kill Health Care Reform Measures
Date:9/15/2009

Industries have spent $585.7 million since 2007 on lobbying and campaign contributions

WASHINGTON, Sept. 15 /PRNewswire-USNewswire/ -- A campaign finance watchdog's analysis of insurance and HMO political contributions and lobbying expenses found the industries spent $126,430,438 over the first half of 2009 and $585,725,712 over the past two and a half years to influence public policy and elected officials. The group, Public Campaign Action Fund, found that in the first part of 2009, the industries were spending money at nearly a $700,000 a day clip to influence the political process and that the monthly pace of political spending this year has increased by nearly $400,000 over the average spent per month in the previous two years.

"The insurance and HMO interests are fighting health care reform with hundreds of millions of dollars," commented David Donnelly, national campaigns director of Public Campaign Action Fund. "Why are so many in Congress willing to listen to an industry that is spending tens of millions every month on politics rather than on lowering their premiums or helping to address the costs of health care? They need the cash to pay for their campaigns. And that's why we need Congress out of the fundraising game -- which can happen if Congress adopts the Fair Elections Now Act."

According to the Center for Responsive Politics, the insurance interests have 875 registered lobbyists representing its concerns in Washington, D.C., and HMOs have 920 registered lobbyists. The total figure for 2009, 1,795, is slightly fewer than 2,000 lobbyists the industries employed in 2008. It is poss
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SOURCE Public Campaign Action Fund
Copyright©2009 PR Newswire.
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