The Senate just voted on Rep. Paul Ryan's (R-Wisc.) budget proposal that includes the controversial Medicare provision that would privatize the popular program, hurting seniors, and result in a windfall for the insurance industry. The measure failed by a vote of 57-40.
Not surpringly, the 40 Senators who voted "yes" on the budget have recieved substantial campaign contributions from the insurance industry, totaling $22,093,689, according to analysis by Public Campaign Action Fund, based on data from the Center for Responsive Politics.
Among the "yes" votes, the top five recipients of industry cash have taken in $7,059,407 in their careers.
Here are the totals for the top five:
|Sen. John McCain (R-Ariz.)||$3,026,799|
|Sen. Chuck Grassley (R-Iowa)||$1,146,376|
|Sen. Mitch McConnell (R-Ky.)||$1,039,857|
|Sen. Rob Portman (R-Ohio)||$944,227|
|Sen. Richard Shelby (R-Ala.)||$902,148|
In addition to filling the campaign coffers of members of Congress, the insurance sector also spent a whopping $1,233,769,760 on lobbying expenditures since 2002. The Ryan budget may have failed in the Senate, but the power of big money special interests is alive and well.