Doctors Receive Billions from Pharmaceutical and Medical Device Companies, The Wall Street Journal Reports
The Wall Street Journal reports that pharmaceutical and medical device companies paid approximately $3.5 Billion during the last part of 2013 to physicians and teaching hospitals in the United States.
This information came from a new federal government transparency initiative as a result of the 2010 Affordable Care Act, which includes a provision known as the “Sunshine Act” – which requires pharmaceutical and device manufacturers to disclose financial payments made to physicians and teaching hospitals each year. This push for transparency was driven by concerns that physicians’ prescribing decisions are affected by the monetary incentives and gifts they receive from pharmaceutical and medical device companies annually. Those in support of this transparency initiative hope that this information will affect the influence that such monetary payments and incentives could have on medical care.
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