Republicans reaped nearly $3.3 million in federal political contributions from the medtech industry in the 2017-18 election cycle, compared with $1.85 million for Democrats, according to data collected by the Center for Responsive Politics, a nonprofit campaign finance watchdog group.
Medtech has “historically been a little more Republican than the average industry,” said Andrew Mayersohn, committees researcher at the center, which runs the opensecrets.org website. Indeed, Republicans pulled in more than $4.6 million in contributions in the 2015-16 election cycle, compared with $2.85 million for Democrats.
Federal law prohibits corporations from making political contributions, but individuals and political action committees (PACs) associated with corporations tend to contribute to members of Congress who represent the district or state where that company is located, Mayersohn added. The center’s data also revealed that medtech executives, employees, immediate family members and PACs contributed to members of Congressional committees that influence policy affecting the industry, such as the medical device tax.
At DeviceTalks Boston, Tyler Shultz will give attendees an inside look at Theranos and how he was able to sound the alarm after he realized the company was falling apart. Shultz will take attendees behind the story that everyone is talking about: the rise and fall of Elizabeth Holmes and her diagnostic company, Theranos.
Join Shultz and 1,000+ medical device professionals at the 8th annual DeviceTalks Boston.