Billy Tauzin, the former Louisiana congressman, is resigning as president of the drug industry trade group Pharmaceutical Research and Manufacturers of America amid internal disputes over its pact with the White House to trade political support for favorable terms in the proposed health care overhaul.
As the industry’s top lobbyist, Mr. Tauzin brokered the deal with the White House and Max Baucus, chairman of the Senate finance committee, last summer to limit the drug industry’s total costs under the proposed health care overhaul to $80 billion over 10 years.
Like almost every other seasoned Washington player, Mr. Tauzin, who makes $2 million a year, bet on health care reform early – only to watch it come to a screeching halt.
His pals spent $100 million supporting it apparently. Remember that? I don't. Heckuva job.