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These Stocks and Sectors Are Stuck in the Swamp

We looked at companies who spent the most money in political contributions.

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American regulations are designed to protect consumers and investors. Of course, businesses have a vested interest in regulatory policy, too, and they’re willing to pay to make sure their voices are heard by policymakers. That’s where lobbying comes into play.

The largest U.S. spenders drop multiple millions of dollars a year to influence public policy. Healthcare spent the most lobbying dollars in 2017-19. Health insurance provider Anthem (ANTM) paid out the most, compared with 151 other companies we evaluated using Sustainalytics’ lobbying and political expenses data point. Companies that scored the worst spent at least $500,000 combined in the trailing three years.

Sachin Nagarajan does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.