October 5, 2014

$3.5 Billion to Be Exact

1 Big Pharma Paid Billions to Docs, Hospitals

Pharmaceutical companies paid U.S. doctors and teaching hospitals $3.5 billion in the last 5 months of 2013, says the Centers for Medicare and Medicaid Services (CMS). Recipients of big pharma bucks were required by President Obama’s 2010 healthcare reform law to disclose by March all payments of $10+ received from August to December 2013. The dual political party-supported law, implemented to shed light on medical industry payments, was intended to make patients aware of potential financial conflicts of interest. Some medical groups say release of the data could lead to public shaming of doctors who accept, for example, free trips to exotic locales. The information is available online but users cannot yet search the website by physician as the program has experienced software issues.

More at Reuters.com | Posted 3 years ago by Melody Lesser

Previously: Biggest Paychecks in Pharma Industry

Tags: Centers for Medicare and Medicaid Services, Pharmaceutical Companies, Big Pharma, Big Pharma Payouts

Comment on This | Was this Interesting? Yes! (44%) / No! (56%)

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