US Physicians Received Billions From Pharmaceutical and Medical Device Industry, New Research Finds

5Mind. The Meme Platform
The Epoch Times Header

Despite potential conflicts of interest, more than half of eligible physicians received a payment from a pharmaceutical drug or device maker over 10 years.

U.S. physicians received more than $12 billion in payments from the pharmaceutical and medical device industry over a 10-year period, according to a new analysis.

A research letter published on March 28 in the Journal of the American Medical Association found that the industry made over 85 million payments to more than 820,300 (57 percent) of eligible physicians across 39 specialties from 2013 to 2022. Nearly 94 percent of the payments were related to one or more marketed medical products.

Researchers examined data in the Open Payments database to determine what payments were made across different specialties and the medical products associated with the largest total payments. Data only included payments received for consulting, nonconsulting (such as speaker or faculty fees), travel, food, entertainment, education, gifts, grants, charitable contributions, and honoraria.

The Open Payments database is a federal transparency program that was established in 2013 out of concern that financial relationships between physicians and the industry were unduly influencing healthcare decision-making and costs.

The analysis found that payments varied considerably between specialties and among physicians of the same specialty. For example, the mean amount paid to the top 0.1 percent of physicians ranged from $194,933 for hospitalists to $4.8 million for orthopedic surgeons, while the payments to the median physicians ranged from zero to $2,339.

Orthopedic physicians received the greatest sum of payments, $1.4 billion, followed by neurologists and psychiatrists, $1.3 billion, cardiologists, $1.3 billion, and hematologists/oncologists, $825.8 million. Nearly 55 percent of pediatricians and 63 percent of infectious disease physicians received payments from the industry, while physicians practicing preventative medicine received the least sum of payments.

“From 2013–2022, pharma paid 12 billion dollars to U.S. physicians. That’s mind-boggling. Insane. That’s how silence is bought, the minds of physicians influenced, and ultimately patient care/prescribing patterns influenced,” Dr. Manni Mohyuddin, an oncologist, hematologist, and assistant professor at the Huntsman Cancer Institute, told The Epoch Times.

Dr. Mohyuddin emphasized that the average payment received was low, but some physicians received a significant amount of money and have influence over writing guidelines, chairing committees, clinical trials, influencing opinions, and more.

By Megan Redshaw

Read Full Article on TheEpochTimes.com

Contact Your Elected Officials
The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Blue-White’s economic engine

Penn State’s Blue-White game shows how a university, its town, and business leaders turn a simple spring football practice into an economic engine.

Will Obama and Clinton Face Justice?    

There is interesting, even earth shaking, news currently being reported on, and this news can easily be seen in these three related stories.

DOJ Quietly Retracts John Brennan Subpoenas, Offers No Explanation

Greasy Deep State eel in a human skinsuit, John Brennan, may have slipped the proverbial noose once again.

OOOOOH, That Smell!

Like dead fish, the stench of politics is overpowering, and yet political elites tell you what you’re smelling ain't what they're cooking.

Democrats Hypocrisy Will Cost Them the Midterms!    

News stories recently have caused average Americans to stop and say, “Wait a minute…” Those stories involve Democrats and their double standards.

US Exports of Crude and Petroleum Products Hit Record Highs

America’s energy exports have hit record highs as the world navigates the uncertainty surrounding oil and gas shipments through the Strait of Hormuz.

SBA Refers 562,000 Suspected Fraudulent Loans Worth $22.2 Billion to Treasury

The SBA has referred 562,000 loans suspected to be fraudulent to the Treasury Department for collection, the agency said in an April 24 statement.

Microsoft Offers Buyouts, Meta Lays Off 10 Percent of Workforce

Microsoft will offer voluntary buyouts to some of its U.S. staff as the software titan adapts to the artificial intelligence (AI) climate.

Trump to Probe Banks Regarding Los Angeles Wildfire Response

President Trump said his administration will look into banks’ handling of payments and debts in the aftermath of the 2025 Los Angeles wildfires.

Treasury Sanctions Iran-Linked Chinese Oil Refinery, 40 Vessels

The Treasury Department sanctioned a Chinese refinery and 40 shipping firms and vessels found to be providing a lifeline to the Iranian oil economy.

Trump Admin Begins Process to Downgrade Marijuana Classification

The Trump administration announced plans to reclassify approved marijuana products as a less dangerous drug under federal law.

Gas Prices Will Return to Low Levels After Iran Conflict Ends, Bessent Says

Treasury Sec. Scott Bessent said relatively high gas prices will not last long but any change is contingent on when the US and Iran cease hostilities.

Trump Participates in Historic Bible-Reading Marathon to Celebrate Nation’s 250th Anniversary 

President Trump read passages from the Bible on April 21 from the Oval Office at the White House as part of the “America Reads the Bible” celebration.
spot_img

Related Articles

Popular Categories

MAGA Business Central