Tag: pharmaceutical companies
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The cash-rich pharmaceutical lobby and the rising cost of drugs for Medicare seniors
By Stuart Silverstein
FairWarning.org
When the Republican-controlled Congress approved a landmark program in 2003 to help seniors buy prescription drugs, it slapped on an unusual restriction: The federal government was barred from negotiating cheaper prices for those medicines. Instead, the job of holding down costs was outsourced to the insurance companies delivering the subsidized new coverage, known as Medicare Part D. -
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New data shows drugmakers’ payments to hundreds of thousands of doctors
By Tracy Weber and Charles Ornstein
ProPublica
Dr. John W. Draud is the medical director of psychiatric and addiction medicine at two Tennessee hospitals. But he’s also notable for another professional pursuit: during the last four years, he’s earned more than $1 million for delivering promotional talks and consulting for seven drug companies.
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