$19 billion: total value of gifts to physicians by Big Pharma annually

BusinessWeek has a very good story on efforts to limit or force disclosure of Big Pharma’s gifts to doctors — which are estimated to be about $19 billion each year.

As New Jersey Attorney General Anne Milgram poses the problem: “Patients should be getting prescription and device recommendations based on what’s best for them, not based on financial incentives doctors receive from companies.”

And that $19 billion figure doesn’t even include the other incentives provided by pharmaceutical companies.

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About Cary Byrd

eDrugSearch founder, Cary Byrd, has been called an “e-health innovator” by MarketIntellNow, interviewed by top pharmaceutical industry journalists, invited to Matthew Holt’s Health 2.0 Conference and a Consumer Report's health summit, and highlighted on numerous health blogs.

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0 thoughts on “$19 billion: total value of gifts to physicians by Big Pharma annually

  • I think the effort’s a bit of a waste when you consider about 1.5 M physicians in the country and the fact that post-its, pens and even the odd dinner doesn’t add up to the inflated value of the drugs these guys sample.

    The mean is $1200 per doctor. I bet the median is lower…

    But I always enjoy the cheerleaders.

    🙂

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