Big Pharma has spent more than $85 million to defeat Prop 61

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Election spending is cruising toward record highs in California, and no one’s making it rain harder than Big Pharma. Pharmaceutical companies have spent more than $85 million to defeat Proposition 61. Prop 61 would peg the price the state pays for drugs to the same price the VA healthcare system pays. The initiative is sponsored by the AIDS Healthcare Foundation, based in Los Angeles.