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White House Pushing Big Pharma to Report Payments to MDsPosted on Jan 16, 2012
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
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By glider, January 17 at 10:14 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.
Report thisBy Arianna, January 17 at 6:27 am Link to this comment
I believe it is about time that physicians should come
Report thisclean 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.
By Blueokie, January 16 at 7:41 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
Report thishire 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.
By Outraged, January 16 at 6:08 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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