Pharmaceutical companies and device makers paid doctors about $380 million in speaking and consulting fees over a five-month period in 2013, according to a new federal database put online last week.
Some doctors received over half a million dollars each, and others got millions of dollars in royalties from products they helped develop.
Doctors claim these payments have no effect on what they prescribe. But why would drug companies shell out all this money if it didn’t provide them a healthy return on their investment?
America spends a fortune on drugs, more per person than any other nation on earth, even though Americans are no healthier than the citizens of other advanced nations, said Robert Reich, professor of public policy at the University of California at Berkeley.