Dec 20, 2004
Rep. Billy Tauzin, chief author of the new Medicare drug law, will retire from Congress to go to work for PRMA, the lead lobbying group for major brand drug manufacturers. His PRMA salary is expected to be at least two million dollars a year.
The Medicare law created a perpetual profit machine for drug companies. It includes a section that forbids the government from negotiating discount drug prices for people on Medicare.
Congressman Tauzin's new change of address is just a formality. He's already been working for the drug industry for a long time.