Law would make pharmas reveal MD payments

The brouhaha over pharmaceutical companies' payments to doctors is making some big waves in Congress. In fact, Sen. Charles Grassley (R-IA) says he's going to propose a bill  to require that drug makers disclose any payments they make to doctors for consulting, lectures, and the like. If Grassley succeeds in enacting such a law, there should be some painful shock waves in the industry, as no one really likes to stare directly at the sun (or the extent of pharma payouts).

Pharma, of course, is against the measure. In fact, a drug company lawyer said making the cash flow public would lay the money bare to misinterpretation. He's suggested people might think the payments are bribes, when they're just remuneration for services rendered.

To learn more about the proposed bill:
- read this FiercePharma article

Related Articles:
Psychiatrists getting largest pharma gifts. Report
NY bill would require pharmas to report MD gifts. Report
Doctors weigh in on pros and cons of accepting drug/device freebies. Letters
States tighten screws on pharma marketers. Report

Suggested Articles

The profit margins and management of Community Health Group raise questions about oversight of managed care insurers.

Financial experts are warning practices about the pitfalls of promoting medical credit cards to their patients.

A proposed rule issued by HHS on Tuesday would expand short-term coverage, a move Seema Verma said will have "virtually no impact" on ACA premiums.