Arnolds Try New Tactics To Fight PhRMA Lobbying In States

Billionaire couple Laura and John Arnold have changed up their political spending game to strengthen their position as a counterforce to pharma’s deep-pocketed efforts to kill state bills to lower drug prices. Arnold Ventures’ political arm, the Action Now Initiative, funded a state-level consumer group’s lobbying efforts to persuade Maryland lawmakers to create the first state board that could have the power to lower what the state pays for drugs. Now the Arnolds’ political spending fund is bankrolling efforts to...