New Website Born of Healthcare Law Discloses Billions of Dollars Paid to Doctors and Hospitals by Drug and Device Firms

Thanks to Obamacare and the development of a new websitedisclosing payments to physicians and teaching hospitals, it’s now known that billions of dollars has been exchanged between medical practitioners and industry in just a few months. For example, from August to December 2013, pharmaceutical manufacturers and device companies issued 4.4 million payments to more than 500,000 health care professionals and teaching hospitals that totaled $3.5 billion, The New York Times reported. This total included $380 million in speaking and consulting monies that drug and device businesses gave to doctors. The website, established as part of the Affordable Care Act, tracks all gifts valued at more than $10 given by manufacturers of drugs, medical devices and medical supplies that have at least one product covered by […] Read More