Facing acute risks to their businesses from Washington policymakers, health companies spent more than $2 million to buy access to the incoming Trump administration via candlelight dinners, black-tie balls and other inauguration events, new filings show.
Drugmaker Pfizer gave $1 million to help finance the inauguration, according to with the Federal Election Commission. Amgen, another pharmaceutical company, donated $500,000. Health insurers Anthem, Centene and Aetna all gave six-figure contributions.
They joined a surge of corporate donors from multiple industries to break inauguration-finance records even as then-President-elect Donald Trump promised to 鈥渄rain the swamp鈥 of Washington influence-peddling.
But the stakes for the health industry were especially high as the new administration prepared to take power.
Two weeks before Pfizer鈥檚 donation, Trump 鈥淚鈥檓 going to bring down drug prices.鈥 At the same time, one of his top goals was repealing Obamacare 鈥 the Affordable Care Act 鈥 and its billions in subsidies for insurance companies and hospitals.
Also writing checks for the inauguration were drugmaker Abbott Laboratories, drug wholesaler Caremark, insurer MetLife and Managed Care of North America, a dental benefits manager.
Trump鈥檚 inaugural committee raised $107 million, more than twice as much as for any previous presidential investiture. President Barack Obama鈥檚 2009 inauguration held the previous record of $53 million.
Obama banned corporate donations that year and limited individual donations to $50,000 but accepted corporate grants for his聽2013 inauguration.
No health company gave more to Trump鈥檚 event than Pfizer, whose profits for Lyrica, Prevnar 13 and other high-priced medicines could come under pressure if the Medicare program for seniors is allowed to negotiate on cost, as Trump has suggested.
Lyrica alleviates nerve and muscle pain. Prevnar 13 is a vaccine against pneumococcal pneumonia.
Along with several other pharma companies, Pfizer is the investigation over donations to charities that help Medicare patients avoid copayments for expensive drugs.
Pfizer CEO Ian Read is also a vocal , which Trump The Obama administration thwarted Pfizer鈥檚 $160 billion deal to move its legal residency to low-tax Ireland to merge with
Pfizer鈥檚 $1 million donation entitled it to four tickets to a 鈥渓eadership luncheon鈥 with 鈥渟elect Cabinet appointees and House and Senate leadership,鈥 according to a obtained and posted online by the Center for Public Integrity.
鈥淎s it has been the case with previous presidential inaugurations, we made a financial contribution to the 58th Presidential Inaugural Committee and a group of our senior leaders participated in various official events,鈥 said Pfizer spokesperson聽Sharon Castillo. She declined to identify the executives.
Amgen鈥檚 inauguration gift of $500,000 was the second-biggest from a health care donor. The company makes Enbrel for arthritis and Epogen for anemia, among other drugs.
Amgen鈥檚 contribution bought it two tickets to 鈥渁n intimate dinner鈥 with then-Vice President-elect Mike Pence and his wife, Karen Pence. Amgen CEO Robert Bradway was among聽 who met with Trump in the White House on Jan. 31, although that wasn鈥檛 part of the inauguration package.
Amgen spokesperson Kelley Davenport declined to comment beyond describing the company as joining 鈥渘umerous other donors from a diverse group of industries and individuals鈥 supporting the event.
Pfizer also got entr茅e to the Pence inaugural dinner. Both companies had聽access to balls, receptions, luncheons, concerts and other events available to lesser donors.
Neither Pfizer, Amgen nor other large, health care donors to Trump鈥檚 inauguration made contributions to Obama鈥檚 2013 inauguration, which did accept corporate money. Pfizer gave $250,000 to President George W. Bush鈥檚 2005 inauguration.
The biggest health care corporate donor to Obama鈥檚 2013 investiture was drugmaker Genentech, which gave $750,000, records show. The company did not contribute to Trump’s inauguration. “Prior to the 2016 election, we made a decision not to sponsor any inaugural activities for the foreseeable future,” said Genentech spokesperson Susan Willson.
Contributors for this year鈥檚 event also included insurer Anthem, one of the largest participants in the Affordable Care Act鈥檚 online marketplaces, and Centene, which also sells insurance plans through the online exchanges. Anthem gave $100,000 while Centene gave $250,000.
Both companies鈥 marketplace businesses depend on generous federal subsidies that would be jeopardized by an ACA repeal or other actions by the administration. Anthem has pressed the administration to preserve the subsidies and for marketplace enrollment.
Anthem CEO Joseph Swedish was one of a group of insurance executives who . Swedish met again with Trump in the White House last month, Modern Healthcare reported.
Centene, which manages state and federal Medicaid programs for low-income people in many states, also benefited from the ACA鈥檚 Medicaid expansion. Analysts see the company as to a potential repeal of Obama鈥檚 health law.
KHN鈥檚 coverage of prescription drug development, costs and pricing is supported in part by the .