700 + American Doctors Given Over $1M Each From Pharma To Push Drugs & Medical Devices – Collective Evolution
In a very thorough and revealing analysis of statistical industry payment data, ProPublica disclosed that more than 2,500 physicians have received at least half a million dollars apiece from drugmakers and medical device companies in the past five years alone, while more than 700 of those doctors received at least $1 million, and that doesn’t include money for research or royalties from inventions.
In their article, the authors note that their previous analysis in 2013, which found out that 1 doctor had made $1 million and 21 doctors had made over $500,000 for the same reasons, was expected to be a wake-up call for more effective scrutiny, oversight, and challenges to these payments. Instead, these types of payments have become much more commonplace.
Some academics and physicians predicted that the exposure might cause companies to rethink making payments and doctors to rethink taking them. A flurry of studies matched the payment data with doctors’ prescribing choices and found links between the payments and the products doctors chose.
But ProPublica’s new analysis shows that the public reporting has not dampened the enthusiasm of the drug and medical device industry for having doctors deliver paid dinner talks and sponsored speeches or paying them to consult on products.
In fact, there has been almost no change in how much the industry is spending. Each year from 2014 to 2018, drug and medical device companies spent between $2.1 billion and $2.2 billion paying doctors for speaking and consulting, as well as on meals, travel and gifts for them.