US government takes steps to expose financial ties between drugmakers and doctors

5 February 2013

After more than a year of prodding from the Senate Special Committee on Aging, the USA’s federal government took a major step today aimed at exposing potential conflicts of interests between doctors and drug companies.

The long-awaited rule – drawn from the Physician Payments Sunshine Act - was released late last Friday by the Centers for Medicare and Medicaid Services (CMS). The rule puts in place a system requiring pharmaceutical and medical device makers to disclose payments and gifts given to physicians. Consumers will have access to the information through a database administered by the US Department of Health and Human Services.

Critics have long contended that the drug industry's practice of paying doctors influences medical decisions and leads to over-prescribing medicines and patients receiving unnecessary and expensive drug treatments. Former Aging Committee chairman Senator Herb Kohl of Wisconsin and Iowa Senator Chuck Grassley are credited for taking steps to get the disclosure requirements included in the Affordable Care Act.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK





Today's issue

Company Spotlight





More Features in Biotechnology