October 4, 2014
THANKS, UR:
Thanks to ObamaCare, you can now see how much money your doctor gets from drugmakers (Peter Weber, 10/03/14, The Week)
The Open Payments database -- a requirement of the 2010 Affordable Care Act, or ObamaCare -- is incomplete, with data from only the last five months of 2013 so far. But the numbers aren't small: From August to December, 546,000 Doctors, dentists, podiatrists, optometrists, and chiropractors plus 1,360 teaching hospitals received more than $3.48 billion in cash, gifts and in-kind services, stock options, and research grants from drugmakers and device makers. HHS is still verifying 300,000 records it didn't include in the database, so the total amount will rise. The biggest spenders so far are Genetech, Pfizer, and DePuy Synthes.The idea is that, once the database is fully functional, patients and other interested parties will be able to see a doctor's financial ties to companies, so they can evaluate a doctor's treatments and -- more importantly -- to discourage conflicts of interest. The American Medical Association opposes the database, arguing that the numbers are out of context and potentially misleading, but this part of ObamaCare has bipartisan support.
Posted by Orrin Judd at October 4, 2014 8:03 AM
Tweet
