Big Pharma and Medical Device Manufacturers Pay Billions to Doctors to Prescribe Their Drugs
In the wake of news about the largest Medicare fraud case in history, more disturbing facts have come to light. According to a report in the Wall Street Journal, drug companies and medical device manufacturers paid out nearly $6.5 billion to physicians and medical training programs last year. The worst part of it: most of it appears to be legal. This information is public thanks largely to another provision of the Affordable Care Act requiring players in the health care industry to disclose these payments. In addition, these companies must provide information on the value of non-monetary “perks” such...
Read More