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White House Pushing Big Pharma to Report Payments to MDs

Posted on Jan 16, 2012
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The Obama administration is laying the legal groundwork to strongly encourage (read: enforce) more transparency between pharmaceutical companies and doctors by requiring drugmakers to divulge the details of their monetary exchanges with M.D.s for various services and perks.  —KA

The New York Times:

To head off medical conflicts of interest, the Obama administration is poised to require drug companies to disclose the payments they make to doctors for research, consulting, speaking, travel and entertainment.

Many researchers have found evidence that such payments can influence doctors’ treatment decisions and contribute to higher costs by encouraging the use of more expensive drugs and medical devices.

Consumer advocates and members of Congress say patients may benefit from the new standards, being issued by the government under the new health care law. Federal officials said the disclosures increased the likelihood that doctors would make decisions in the best interests of patients, without regard to the doctors’ financial interests.

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By Steve E, May 12, 2012 at 10:15 pm Link to this comment

I like that “Obamafraud” handle. I don’t think the “Obamabots” will warm to it
though. God what a disappointment the man has become, downright pathetic. “No
one is above the law”, my ass.

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By glider, January 17, 2012 at 11:14 am Link to this comment

I hate this kind of legislation.  Don’t make bad behavior illegal.  No, instead require that is reported so that it can be filed away somewhere and some politician can score points for appearing tough.  Normal people have busy lives and will have no time to analyze this data.  This is what I call shitty government, which is what we have in D.C.

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By Arianna, January 17, 2012 at 7:27 am Link to this comment

I believe it is about time that physicians should come
clean in disclosing the “perks” they get from the
pharmaceutical industry.  I also think it fair that
Obama, Rumsfeld, Rice et al should disclose how much money they made from pushing Tamaflu during the
“pandemic” of H1N1 in 2009.

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Blueokie's avatar

By Blueokie, January 16, 2012 at 8:41 pm Link to this comment

This is a joke, right?  Essentially self-policing like Wall Street.  Remember Obamafraud said that “What Wall Street did was unethical, but not illegal”, under Sarbanes-Oxley , CEO’s and or CFO’s have to sign off on the validity of their books.  Sure, Doctors are the problem, not bribes to the Government.  Some Constitutional Law Professor. 

Besides, “up to $1,000,000 in fines” to an industry that counts its profits in the tens of billions, that would be one of the low costs of doing business.  The fines would probably be tax deductions.  How many “enforcers” will the Administration
hire from the industry for a year or two, 90% to 95% ?  How easy will it be to not include enforcement in the budget, especially if large campaign contributions are entered into the mix (think fossil fuels, Wall Street, agricorporations).  More empty electioneering from Obamafraud.

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By Outraged, January 16, 2012 at 7:08 pm Link to this comment

Article quote:“The new standards carry out legislation championed by Senators Charles E. Grassley, Republican of Iowa, and Herb Kohl, Democrat of Wisconsin. The legislation was included in the 2010 health care overhaul.”....

....“The law also requires drug and device companies to report the amount of “any ownership or investment interest” held by doctors or their immediate family members, other than holdings of publicly traded stocks.

The administration intends to apply the same disclosure requirements to doctor-owned companies that distribute medical devices. Such companies allow doctors to benefit financially from sales of devices they use in surgery.”

These requirements of the Affordable Care Act are another good aspect of the law. This is a large and involved law and I think some are unhappy with it because they are unfamiliar with its many conditions. This being just one more. Remember, this law goes into effect over a period of years and 2014 is when many of its benefits are realized. But this is one step closer to sanity.

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