Sam Baker at Axios:
The dialysis industry has raised $110 million to kill a California ballot measure that would cap company profits — a “record for spending by one side on any statewide ballot measure,” according to Harriet Rowan of Kaiser Health News.
Why it matters: The dialysis industry already scored a win when Gov. Jerry Brown vetoed a bill that would have capped dialysis clinic rates if they had financial ties to charities that subsidize patients’ commercial insurance.
This ballot measure, if passed, would be an even bigger threat to dialysis company profits.
By the numbers: The two largest dialysis conglomerates, DaVita and Fresenius, contributed $100 million of the total.
Where it stands: Wall Street analysts who have followed the ballot measure over the past few months give it pretty low odds of voter approval, Axios' Bob Herman reports. It doesn't help that every major California newspaper ran an editorial against it.
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