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.

Anti-MAHA Senator Bill Cassidy in Existential Primary Fight After Squashing Trump Surgeon General Nominee

President Trump pulled the plug on his nominee for surgeon general, but he’s using the setback to help secure a win he covets: the defeat Sen. Bill Cassidy.

The Proposed Trans-Caspian Pipeline Is Shaping Up To Be A Flashpoint

The strategic stakes rise as NATO edges into Russia’s southern periphery via TRIPP, while Turkiye pushes the Trans-Caspian Pipeline Russia opposes.

America’s Best Governor is Ron DeSantis

No Governor has done a better job than Ron DeSantis in Florida. His state is growing, luring people fleeing high-tax states such as New York.

EU Wages Censorship Jihad on Social Media Emojis

Unsatisfied with merely censoring words or phrases, the rulers of a culture that birthed free speech now chase control so far they even police emojis.

Don’t Miss the Jazz Renaissance Happening All Around You, Part 2

Something miraculous is happening in jazz right now, and the wider culture scarcely seems aware of it.

Trump Pauses US Operation to Guide Ships Through Strait of Hormuz

President Trump announced that he was pausing Project Freedom, the mission of assisting commercial ships through the Strait of Hormuz, on Truth Social.

UnitedHealthcare Trims Prior Authorization Requirements by 30 Percent Across Services

UnitedHealthcare will cut prior authorization requirements by 30% to streamline care, reduce delays, and ease access to services for patients.

Google, Microsoft, xAI Will Allow Government to Vet New AI Models for Security Risks

Google DeepMind, Microsoft, and xAI have signed agreements with the Department of Commerce to evaluate their models for potential security risks.

Justice Department Sues Denver Over Ban on AR-15 Rifles

The DOJ is suing Denver after its mayor refused to repeal a ban on AR-15-style rifles and standard-capacity magazines just one day earlier.

CBP Says It Will Start Issuing First Refunds of Trump Tariffs on May 12

CBP said the first batch of refunds from tariffs imposed by President Trump, which the Supreme Court struck down in February, would begin on May 12.

Trump Says US Economy Is Booming Despite Iran War

President Trump touted his economic policies, from tax cuts and tariffs to deregulation, saying the US is thriving despite conflict in the Middle East.

US to Cut Troops in Germany a ‘Lot Further’ Than 5,000: Trump

President Trump said the U.S. will withdraw more troops from Germany amid disputes with Berlin over the Iran war.

Trump Highlights Senior Tax Relief, Drug Price Cuts at Florida Rally

President Trump addressed approximately 3,000 supporters at The Villages Charter School, highlighting his administration’s efforts to benefit seniors.
spot_img

Related Articles

Popular Categories

MAGA Business Central