10/28/2019    

HEALTHCARE NEWS

Over 700 Doctors Paid More Than $1 Million by Drug, Medical Device Companies

 

Back in 2013, ProPublica detailed what seemed a stunning development in the pharmaceutical industry's drive to win the prescription pads of the nation's doctors: In just four years, one doctor had earned $1 million giving promotional talks and consulting for drug companies; 21 others had made more than $500,000. Six years later — despite often damning scrutiny from prosecutors and academics — such high earnings have become commonplace.

 

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, a new ProPublica analysis of payment data shows. And that doesn't include money for research or royalties from inventions. More than 700 of those doctors received at least $1 million.

 

Source: Charles Ornstein, Tracy Weber and Ryann Grochowski Jones, Medscape [10/18/19] via Dr. Allen Jacobs