Bottom Line: PhRMA adds lobbying firepower for PBM reform fight

Prescription drugs

YC Consulting Registered to lobby on behalf of influential industry associations on prescription drug pricing and pharmacy benefit manager (PBM) transparency and reform American Pharmaceutical Research and Manufacturer (PhRMA). PhRMA has lobbied for legislation aimed at making PBMs more transparent, and on TV, radio and other media he blames PBMs for soaring prescription drug prices. I was flooded with advertisements.

The lobbyist for this account is Yong Choe. From 2011 to 2013, Mr. Cho served as Director of Business Outreach and Member Services for the Republican Study Committee, later chaired by House Speaker Mike Johnson (R-Louisiana). He has led the federal issues efforts of Rite Aid and the National Association of Chain Drug Stores.

The new hire adds to PhRMA's already extensive lobbying efforts. PhRMA spent more than $21 million on federal lobbying efforts in the first nine months of 2023, twice as much as the Pharmaceutical Care Management Association, a PBM industry group, spent in the same period. It is said to be the fourth-largest spending amount in federal lobbying activities.to open secret.

car

tesla hired Brownstein Hyatt Faber Schreck Lobbying on issues related to self-driving cars and artificial intelligence. Tesla is a leader in self-driving cars, but last month the company lost more than 2 million electric cars sold in the U.S. after the National Highway Traffic Safety Administration determined its Autopilot system was defective and needed repairs. had to be recalled. Jeffrey Barr, a former chief of staff at the Department of Transportation, will work on the briefing.

banking industry

of National Association of Federal Stock Trustees hired Moran's global strategy Lobbying on opportunities to improve the tax refund and liability determination process related to federal receivership cases. The lobbyist for the account is former Democratic Congressman James Moran, who represented Virginia's 8th Congressional District from 1991 to 2015.

health

visual science hired Patel Partners Lobbying on invasive and non-invasive eye disease issues. Neil Patel, an alumnus of Trump's Office of Management and Budget and former senior staffer on Capitol Hill, will work on the account.

technology

Roku hired Tidal Basin Advisor Lobbying on issues related to competition in the digital market and streaming industry. The lobbyist for the account is Jesse McCollum, who previously served as chief of staff to former Rep. Ron Klain (R-Florida) and senior adviser to the chairman of the House Oversight and Government Reform Committee.