Dollars for Docs
Check out this web site and look up your own doctors or endocrinologists. Take your time and learn how to migrate the site. After you find your doctor highlight his name and you'll see how much he or she was paid by each company and how they were paid.
My primary care physician was pushing Bydureon to me and I found out why. He's being paid incentives to promote it.
My endocrinologist (whom I think I need to drop) made $453,000 from incentives paid to him in various ways. $3700 paid to him each time he did a seminar for a pharmaceutical company is one way. My primary care physician went to one of his seminars. He probably got the idea to sign-up for Bydureon incentives there. I overheard a conversation between my endocrinologist and a pharmaceutical rep as they were standing right behind me while I was scheduling an appointment. I heard the rep tell the doc that he would get 4.5% if he would start promoting a particular new medication.
My son works for a medical lab and he was recently based in a doctors' practice for awhile with reps buying the lunch for about ten people every day of the week. No telling what the doctors were also receiving in other incentives.
I was a manufacturer's rep and I know about commissions and incentives. But this is medicine and the welfare of human beings. Doctors are incentivized to push certain meds to you when another medicine may be a better choice for you. Some medical offices are making more than a million dollars to promote certain meds. It is just not right!
By the way, it appears that the makers of Invokana and Bydureon have paid out some of the largest total amounts in incentives to doctors.
Check out this web site and look up your own doctors or endocrinologists. Take your time and learn how to migrate the site. After you find your doctor highlight his name and you'll see how much he or she was paid by each company and how they were paid.
My primary care physician was pushing Bydureon to me and I found out why. He's being paid incentives to promote it.
My endocrinologist (whom I think I need to drop) made $453,000 from incentives paid to him in various ways. $3700 paid to him each time he did a seminar for a pharmaceutical company is one way. My primary care physician went to one of his seminars. He probably got the idea to sign-up for Bydureon incentives there. I overheard a conversation between my endocrinologist and a pharmaceutical rep as they were standing right behind me while I was scheduling an appointment. I heard the rep tell the doc that he would get 4.5% if he would start promoting a particular new medication.
My son works for a medical lab and he was recently based in a doctors' practice for awhile with reps buying the lunch for about ten people every day of the week. No telling what the doctors were also receiving in other incentives.
I was a manufacturer's rep and I know about commissions and incentives. But this is medicine and the welfare of human beings. Doctors are incentivized to push certain meds to you when another medicine may be a better choice for you. Some medical offices are making more than a million dollars to promote certain meds. It is just not right!
By the way, it appears that the makers of Invokana and Bydureon have paid out some of the largest total amounts in incentives to doctors.