Who Spends The Most Dollars Lobbying Washington, DC?

Tyler Durden's picture

Oil? Financials? Aerospace? When someone asks who the biggest sources of lobby dollars for DC's politicians-for-purchase are, these are the three usual suspects that come to mind. Some may, therefore, be surprised to learn according to the database kept by OpenSecrets between Pharmaceutical and health product industry, hospital and nursing homes, health professionals and health services, HMOs, or more broadly Pharma/Healthcare/HMO, the total lobby dollars spent between 1998 and 2012 was a staggering $5.3 billion, or nearly three times greater than the second most generous industry: insurance, and well above Oil and Gas at $1.4 billion, and Securities and Investment at $1.0 billion. Is it becoming clearer why the US government has few qualms about unsustainable taxpayer funded healthcare spending, especially when there are so many current benefits accruing to the politicians who see so many billions in benefits from passing lobby-friendly laws now (by which we mean generous taxpayer funding, the bulk of which benefits the healthcare industry's bottom line)?

As for the costs: who cares - just dump them on future generations. It's not like anyone expects the $16.7 trillion in US debt to be ever repaid.

Why is this important? Because as we showed nearly a year ago, the IRR on lobbying is by and far the highest of any investment return under the sun.

From: Presenting The Greatest ROI Opportunity Ever

The dream of virtually anyone who has ever traded even one share of stock has always been to generate above market returns, also known as alpha, preferably in a long-term horizon. Why? Because those who manage to return 30%, 20% even 10% above the S&P over the long run, become, all else equal (expert networks and collocated flow-frontrunning HFT boxes aside), legendary investors in the eyes of the general public, which brings the ancillary benefits of fame and fortune (usually in the form of 2 and 20). This is the ultimate goal of everyone who works on Wall Street. Yet, ironically, what most don't realize, is that these returns, or Returns On Investment (ROI), are absolutely meaningless when put side by side next to something few think about when considering investment returns.

Namely lobbying.

Because it is the ROIs for various forms of lobbying the put the compounded long-term returns of the market to absolute shame. As the following infographic demonstrates, ROIs on various lobbying efforts range from a whopping 5,900% (oil subsidies) to a gargantuan 77,500% (pharmaceuticals).

How are these mingboggling returns possible? Simple - because they appeal to the weakest link: the most corrupt, bribable, and infinitely greedy unit of modern society known as 'the politician'.

Yet who benefits from these tremendous arbitrage opportunities? Not you and I, that is for certain.

No - it is the faceless corporations - the IBM Stellar Sphere, the Microsoft Galaxy, Planet Starbucks - which are truly in the control nexus of modern society, and which, precisely courtesy of these lobbying "efforts", in which modest investments generate fantastic returns allowing the status quo to further entrench itself, take advantage of this biggest weakness of modern "developed" society to make the rich much richer (a/k/a that increasingly thinner sliver of society known as investors), who are the sole beneficiaries of this "Amazing ROI" - the stock market is merely one grand (and lately broken, and very much manipulated) distraction, to give everyone the impression the playing field is level.

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Say What Again's picture

I'm looking for a cheap steroid injection.  Anyone got a phone number?

Motorhead's picture

Sorry, but may I recommend any MLB club?  Spring training is going on, so there should be plenty of it.

Say What Again's picture

Perhaps I was being a bit obtuse.

You DO know about the NECC scandal?


What I love about this story is that they were running a "sterile compounding" business literally next door to a trash dump! 

Who needs regulators these days when corporations are looking out for our best interest?

I hand the mike over to MDB...

hedgeless_horseman's picture



The stupid sheeple thought HIPAA was for "patient privacy" but it was just the opposite; HIPAA guarantees insurance companies access to all pre-existing conditions and medical history so they may measure you as a risk.  Providers are required by HIPAA to give all of your protected information to the health insurers.

Of the insurance companies, by the insurance companies, and for the insurance companies...just like Obama Care and its 80/20 rule that eliminates competition and GUARANTEES profits; it is exactly like the Federal Reserve Act of 1913.

Tijuana Donkey Show's picture

And in a darkness bind them together!

MillionDollarBonus_'s picture

Another idiotic post by libertardians. If the healthcare lobbyists are so powerful, then how did our congress manage to pas the affordable healthcare act, even though the act forces medical insurance companies to put peoples’ lives ahead of personal profit? 

hedgeless_horseman's picture



...they were running a "sterile compounding" business literally next door to a trash dump!

It's what's inside the door, not next door, that counts.

Your comment is like when the .gov raids a house and the "news reporter" says, "The owner was hoarding hundreds of rounds of ammunition and lived just blocks from an elementary school."

Say What Again's picture


Perhaps you haven't read all the info. 

1. The Compounding Lab and the Trash Dump processing facility shared a common building.

2. Both businesses are owned by the same guy, who withdrew $100,000s dollars from the business weeks prior to the news breaking the scandal.

3. Compounding Labs are required to have a prescription for each custom compound that they produce/deliver.  In the case of NECC, they had 1000s of fake Rx with names like Bart Simpson (later changed to John Doe).  This was similar to the robo-signing Ms. Green

So, I think this one is little bit different

hedgeless_horseman's picture



I am more familiar with the case than you can ever imagine.  There are no laws against having a sterile environment geographically, or architecturally, proximate to a contamination risk, and for good reasons.  Think about it.

In the case of NECC, they had 1000s of fake Rx with names like Bart Simpson (later changed to John Doe). This was similar to the robo-signing Ms. Green

Yes, and we already have adequate laws on the books for these offenses. 

I'm looking for a cheap steroid injection. Anyone got a phone number?

Drug abusers are very resourceful.  I, for one, do not want to pay for programs that attempt to prevent a drug abuser from using, if that is what they want to do. 

Say What Again's picture

Please clarify something for me.

Are you defending NECC and their fraudulent business practices?

Say What Again's picture

Which of my statements were incorrect, misleading, etc?

hedgeless_horseman's picture



Read any book on logic.  Correlation does not equate to causation. 

Political_Savage's picture

Your mention of the dump next door is pointless (in a sense). A cleanroom should have airfilters and what-not. In theory you could have a cleanroom in chernobyl

It's a fact, but not relevant to the story where things really went wrong (caused deaths) - NECC was knowingly committing a crime by accpeting fake prescriptions (which they were required to have). 60min only added the fact to further the flame of the story.

Basically it was a nice tid bit that a) shows how stupid or careless the owner was. b) looked good on tv. c) shows you how stupid 60min really is.

What they didn't mention are the numerous information requests the FDA made to the company, but never followed up with.

Pretty sure the FDA wouldn't have been on the show if they were asked to answer those questions.

Say What Again's picture

Please - Don't act so smug.

I'm well aware of the difference between Causation and Correlation.  Have you ever programmed any code to calculate this stuff?  Do you know how to do it in one pass of the data?

Perhaps you should read up on the Ludic Phallacy



H E D G E H O G's picture

"Perhaps you should read up on the Ludic Phallacy" is that similar to the Phallic Lewdicity?:)

Say What Again's picture

How about a Lucid Phallus?

or ... ?Falo Grande?

Chupacabra-322's picture

Gotta keep those Psyochotropics flowing into the hands of our Criminal Project Monarch Patsy's hands.  How else can we keep the public in fear of our Government Black Op sponsers Flase Flags. 

I have to hand to the Bankster/Rothchilds owned, controled and operated Lucerferian Intelligence/"Agent Smith" media Agencies.   

They've completely PsyOp'd/Mind Fucked the American People's Psyche and perception of reality via Flase Flags coupled with media False Narratives. 


1. Define an act of terrorism as warfare. (This was done by Bush after 9/11, and people let him get away with it. Even though terrorist acts have always been covered by U.S. laws. The Oklahoma City bombing was not treated as “warfare” but as a crime to investigate and prosecute as usual.)

2. Declare that those who carry out a terrorist act can be imprisoned without a trial, because it would be “dangerous” and a threat to national security to give them a trial. (Witness: Jose Padilla, the prisoners at Guantanamo, imprisoned for years without a trial, which is illegal.)

3. Declare that those who carry out a terrorist act can be killed without a trial, just like on the battlefield.

4. Widen the definition of terrorism to anyone who “gives support” to terrorists. As we have seen from no-fly lists, this includes anti-war people who have organized against the invasions of Iraq and Afghanistan. It also includes “right-wing extremists” who oppose the globalist agenda.

Done. Now you can do whatever you want.

When the dollar collapse comes, ordinary Americans who demonstrate against the globalist state can be disarmed, registered, harassed, have their employers called and questioned to scare them, have their leaders imprisoned without a trial, under the pretext that they are giving support to “the terrorists”. The way the globalists act, there will always be “terrorists” who strike back by force. This is useful for the globalists.


            Reporter Ron Suskind nailed it to the wall when he got Carl Rove to blurt this out.


“We’re an empire now and when we act, we create our own reality and while you’re studying that reality, judiciously, as you will, we’ll act again, creating another new realities, which you can study too.  And that’s how things will sort out.  We’re history’s actors, and you, all of you, will be left to just study what we do.”


-Carl Rove






lewy14's picture

Are we sure Rove really said this?

Sounds a lot like Steve Jobs.

(And it's "Karl", btw.)

Chupacabra-322's picture








.25hors's picture


3/10 this+ was posted day before:

yet d.c.'s AlphabetCity ain't nothin compared to INTER-ALPHA
The INTER-ALPHA GROUP is a ROTHSCHILD creation dating from
when the United States was taken off of the Gold Standard in 1971.
This group of Banking Corporations exercises control of 70 plus percent of the entire World Economy.

•AIB Group, Ireland
•Banco Espírito Santo, Portugal
•Commerzbank, Frankfurt am Main, Germany
•ING Bank, the Netherlands
•Intesa Sanpaolo, Italy
•KBC Bank, Belgium
•Nordea, Denmark, Finland and Sweden
•National Bank of Greece, Greece
•The Royal Bank of Scotland Group, UK
•Santander, Spain
•Société Générale, France



Pemaquid's picture

"Drug abusers are very resourceful . I for one, do not want to pay for programs that attempt to prevent a drug abuser from using, if that is what they want to do."

Nor do I, HH, but the alternatives - prison or stealing from me - might very well be more expensive.

Just sayin

Muddy1's picture

It is a BS ? that conveniently forgets to include how much money was spent by banksters lobbying for both to big to fail and to big to jail

marathonman's picture

In that vein (so to speak), If banker lobbyists were so powerful, then how did our congress manage to pass the Federal Reserve act, even though the act forced the banks to be heavily regulated by government?  What a stupid line of reasoning.  MDB - I expected better of you.  You're slipping.

A. Magnus's picture

You're a SPECIAL kind of stupid, aren't you? How is charging people federal penalties for being too poor to afford private insurance putting people before profits IN ANY FUCKING RATIONAL SENSE OF THE WORD?

Political_Savage's picture

I expected better MDB - you're hearts just not in this one.

It's alright, everyone has an off day.

InTheLandOfTheBlind's picture

MDB has been having a lot of off days lately.

prains's picture

22.9 billion dollars spent on graft and you say you live in the greatest country in the world, fuck that


united sycophants of america

SnobGobbler's picture

drrrtt.  aca will hasten our "liberation" from meat-suit stupor!

rich_wicks's picture

If the healthcare lobbyists are so powerful, then how did our congress manage to pas the affordable healthcare act, even though the act forces medical insurance companies to put peoples’ lives ahead of personal profit?


And the Patriot Act is Patriotic.

At least, that's what your counterpart idiots think on the other team.

So sick of the party cheerleaders still beleving every dropping out of the ass of the team leader is DA TRUTH.    Health Insurance hasn't gotten cheaper.  It's not more affordable.  You are just required by law to pay for insurance now, no matter how useless or shitty it is, or have the government fine you.

So now, no matter how useless insurance becomes, you still have to pay for it.  That's what we've all been signed up for.

ebworthen's picture

We know that the _ at the end of your avatar name is a substitutie for <sarc> on every post, but keep up the good work anyways.

All Risk No Reward's picture

MDB, you don't want to be the last person in America to figure out that one has to invert the name of these "acts" in order to determine the real intent of the "act."

Americans are paying more and getting less.

But that's not the worst part.

The worst part is the service sector is already moving towards 28 hours weeks in order to offload the sick care costs from business onto the people.

That's 30% pay cut and an increase in sick care epxpenses that have to be borne by Joe 6 Pack.

Note that 28 x 2 = 56 = 7 x 8...  so everyone who can't eat a 30% reduction in hours can gets a second job and work 7 days a week.

Mark these words, a miraculously smooth transition will be made so that two weekly shifts of 28 hours each will magically fall in line (because that's the plan!).

This bill is wicked for the average employed serf.

ebworthen's picture

And this is why food stamp participation is at an all time high and percentage of workforce is at an all time low.

Yes, there are many sheeple, but when it comes down to nuts and bolts (and food, booze, cigarettes) the American people are still innovators.  Milk the fucking system is what many are doing; and after the bailouts of the banks and no jail for bankers rigging rates and outright stealing people's savings you really can't blame them.

If you do, you had better in the same breath demand jail for Corzine, LIBOR riggers, MERS thieves, and the bailout bandits and FED taxpayer funded cotton candy for Wall Street or you deserve to hang.

All Risk No Reward's picture

eb, all the low end moochers are short sighted, though.  Kickin' back will work until it doesn't - then they are really hosed...  and the really hosed condition is sustainable, unlike their current "goodies" from Uncle Debt Money Tyrant.


FlyinaRage's picture

I think you meant Corporate profit in your josh. Please, you were, right?

sessinpo's picture

hedgeless:   "HIPAA guarantees insurance companies access to all pre-existing conditions and medical history so they may measure you as a risk. "



This is false. Any company (and I have worked in HC - specifically with BCBS) has contracts in which at some point you have to disclose your liabilities. The contract includes an exclusion of liability for not being forthright (think of fraud). For the health care industry, that would be your health status and history of medical problems. If anything, it has been the electronic transfer of medical records that has made health history more accessible. And that was done under HIPAA, but not for the reason you state.


You need to think outside the box.

The idea in health care is that eventually the Federal Government will take over. Those health care companies/employees would become government employees at some point. And the true access/danger is government having access to your health information.  Health care companies already have your health history, most simply through billings or claim filings. Government is after those records.

hedgeless_horseman's picture



specifically with BCBS) has contracts in which at some point you have to disclose your health history otherwise the contract includes an exclusion of liability for not being forthright

Yes, but that still was not enough; patients were not disclosing negative history, despite  scary exclusions of liability that, in practice, were ineffective (nobody reads the insurance contract) and rarely enforced. 

Therefore, HIPAA takes the disclosure of your health history out of your control and makes it a Federal requirement for the healthcare provider to disclose your health history.

Fascism, your soaking in it.

nmewn's picture

And that digitizing and centralization of an individuals medical records is just working out swell ain't it? Was supposed to save consumers "billions", now, rife with fraud...and of course, naturally, costing "consumers" out the wazoo.

And...better than expected!


Much better to junk in anonymity than to admit you were fucking duped.

But but but...it'll be freeeee!!!..and more eeeficieeent!!!...lol...idiot.

ebworthen's picture

I just lie to the mother fuckers every chance I get.

Smoking, drinking, diet, family history; you name it.

I can't fake the blood tests but I have the willpower to lower my cholesterol and be nicotine free for a weak.

This is war after all.

I've started to sign things with all sorts of different signatures, real one, doctor style, five year old, and random scribble.

Some days I'm a femaile from Detroit Michigan born in 1982 and sometimes I'm a male from Orlando Florida born in 1942.

Intoxicologist's picture

Hey, are you the reason I got a bill from Green Bay, Wisc, this summer?  I haven't been to a doctor since I blew out a disc from a car crash in, ohhh, 2005.

ebworthen's picture

Sorry, that might have been me.  So many random perona's, I've forgotten.

Of course, it could be that doctor fishing for money, or the collection agency or insurance company - as they are known to scare people into paying for services they never recieved or that insurance should cover.

It's a modern version of the beat-down, the Sherrif of Nottingham, Guido, or that pea-brained jock who shook you down for your lunch money back in the day.

Intoxicologist's picture

No worries.  I threw it away. 

Been fighting a collection bill on an account I've been paying for years.  They don't scare me.  I've written enough letters to avoid court action for going on two years now on one account.  Others, I don't ever hear from again after a few well-thought-out words.

Three collection agencies, three lawyers, and they keep passing me around.  When I respond to a dunning notice, I reference my account as The Hot Potato. 

I get a kick out of it, actually.