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Health Industry Gives Millions To Lawmakers Tasked With Cutting Spending

09/07/2011 9:38 am 0 comments

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Source: MSNBC

Washington — Doctors, drugmakers, hospitals and health insurers have spent millions over the years wooing lawmakers who now are on the powerful congressional panel charged with finding a formula to control deficits and debt, a new analysis finds.

Those very same industries would get hit hard if the supercommittee succeeds.

The industry campaign contributions, compiled by the nonpartisan Center for Responsive Politics, reinforce doubts that the 12-member panel will issue a sweeping plan to curb federal spending, an equation that can’t be solved without major Medicare and Medicaid cuts.

The Joint Select Committee on Deficit Reduction must find a way to cut the budget by at least $1.2 trillion over 10 years. If they fail to do so by November 23, automatic spending cuts kick in.

The analysis by the Center for Responsive Politics found that health professionals — a category dominated by doctors — rank among the top 10 sources of campaign dollars for all but two of the panel’s members.

To read this article in its entirety visit MSNBC.

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