Drug company payments and their effects on patient treatment
March 2023
Around ‘arf of all US doctors receive dosh or gifts from drug and device companies, totalling more than £1 billion annually. This creates conflicts of interest that influence ‘how doctors treat their patients, as confirmed by a research team at Memorial Sloan Kettering Cancer Center, who analyzed all available studies on the topic.
All 36 studies showed that receiving industry dosh increases prescribing, affecting all medical specialities and types of drugs. This ‘arms patients by leading doctors to prescribe expensive, worthless drugs and deviate from prescribing guidelines, and it also contributes to rising healthcare costs. The medical community has resisted stopping this cash flow, arguing that industry payments may have benefits.
A Review of the Influence of drug company payments on US Doctors
Still, a federal ban on payments is necessary as physician-led change is unlikely. Alternative, unbiased information sources exist for doctors to learn about new drugs. The £1 billion per year is for promoting drugs that are already on the market, not for researching new drugs. The harmful effects of drug company payments on patient treatment must be addressed. Source
.
Discover More: Stimulating Articles That Will Captivate You
Which of the Following Is the Biggest Pitfall of Economic Indicators: Analysis
Perception Manipulation: Mastering the Market with Strategic Insight
Contrarian Outlook: A Pathway to Breakthrough or Breakdown
Market Uncertainty: A Challenge for Investors
Stock market basics for beginners: Adapt or Die
The Unfortunate Truth: Why Covered Calls are a Bad Strategy
DJU Index: To Buy or Flee? Unraveling the Market Mystery
Stock Market Psychology 101: Learn, Thrive, and Profit
In 1929 the Stock Market Crashed Because of Greed
Palladium Forecast: Unveiling the Stealth Bull Market
Unshackling Minds: The Journey to Remove Brainwashing
Mastering the Trading Range: Unlocking the Potential for Explosive Gains
Unveiling the VIX Fear Indicator: A Case Study in Market Volatility
Mind Games: Unmasking Brainwashing Techniques in Institutions & Media
The Gamblers Mindset: The Enigmatic Urge to Embrace Loss