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.

St. Louis de Montfort Academy: The quiet countercurrent

In an age of confusion and hostility toward the faith, St. Louis de Montfort Academy forms young men to know truth, love the Church, and live with conviction.

Proof, Democrats Promote Election Theft   

President Trump signed EOs to assure America has continued free and fair elections as more incidents of election fraud are exposed across the nation.

The Lost Drone That Changed the Battlefield

The most consequential shifts in warfare often begin with a single event, whose long-term effects reshape the battlefield in ways no one anticipates.

Crossed Up

Modern pharisee, the media and the Left in politics and academia, haul disbelievers, and heretics before them not to expose the truth, but to avoid it.

Academic Study: Why Won’t German Women Mate With Migrants?

The ongoing Western social engineers’ jihad to deracinate the white race by herding European women into the embrace of Third World migrants has not gone swimmingly.

Trump Signs Memo to Pay All DHS Employees During Shutdown

President Trump signed a memorandum directing the DHS to pay its employees all owed compensation and benefits accrued during partial government shutdown.

Vanessa Trump Shows Support for Boyfriend Tiger Woods After His DUI Arrest in First Public Statement

Vanessa Trump has publicly addressed the recent rollover crash and DUI arrest of her boyfriend and golf legend Tiger Woods, offering words of support.

US Economy Adds 178,000 New Jobs in March

The US economy added 178,000 new jobs in March and the unemployment rate dipped to 4.3 percent to cap off a volatile first quarter.

RFK Jr. Announces Investigation Into Removing Microplastics From the Human Body

The federal government will spend $144 million to investigate microplastics and figure out how to remove them from human bodies, HHS Se. RFK, Jr. announced.

Trump Says Pam Bondi is Out as His Attorney General

President Trump says Pam Bondi is out as his Attorney General. Bondi will be replaced by her deputy Todd Blanche, who will serve as acting attorney general.

Trump Signs Order Imposing 100 Percent Tariffs on Certain Imported Pharmaceutical Drugs

President Donald Trump signed executive orders on Thursday raising levies on some medications and refining calculations on steel tariffs.

Trump Says US Core Objectives in Iran Are ‘Nearing Completion’ in Primetime Address

President Trump will deliver a primetime address from the White House on April 1 to update the nation on the U.S. military operation against Iran.
spot_img

Related Articles

Popular Categories

MAGA Business Central