How Big Pharma’s Money is Affecting Our Health and Our Wallets

If you or a loved one has been prescribed a drug under Genentech Inc., including Valium, Klonopin and Xenical, you may be interested in the facts outlined below.

Genentech Inc. spent $388 million in payments to 1,888 doctors to prescribe their drugs – and while they are the biggest spender, they aren’t the only player.

From August 2013 to December 2014, pharmaceutical companies spent $3.49 billion in disclosed payments to teaching hospitals, companies and a total of 681,020 doctors, with the top earners practicing family medicine, pediatric critical care, orthopaedic surgery, cardiovascular disease and neurological surgery – a chilling realization that some of the most important facets of our healthcare system are influenced by “big pharma.”

The Law Firm created the below infographic to showcase data released from a recent ProPublica report. This information is now available thanks to a new law requiring pharmaceutical companies to disclose these payments. The effects of big pharma’s influence on American health and finances is appalling.

Americans spend $1,112 per capita on prescription drugs – more than any other country –  compared to $772 per capita in Canada, and $279 per capita in Mexico. As well, the average yearly prescription for Americans was found to be 12 for adults, four for children and a whopping 27 for seniors. This means the effects range far beyond health, with an impact on finances. In 2014 alone, Americans filled $4.3 billion worth of prescriptions and spent a total of $374 billion – up 13% since 2013.

The solution to this problem is outlined in the infographic. TheLawFirm.com suggests taking a conservative prescribing approach. This approach focuses on prevention, education and strategic prescribing and research, first outlined by Dr. Gordon Schiff.

Related Post -   6 Ways to Waste Money in Your Recruitment Agency

Check out the below infographic to learn more about the influence of big pharma on our doctors, hospitals, and ultimately, our health.

How Big Pharma’s Money is Affecting Our Health and Our Wallets

Recommended Post

Chart: The Evolution of Standard Oil At the turn of the 20th century, John D. Rockefeller's Standard Oil was a force to be reckoned with, dominating 91% of all oil production in the U.S. ...
An Alarming Rise in Diabetic Population, India among Top 3 countr... Often known as the world's diabetes capital, India has witnessed a massive rise in the number of diabetes cases in the last few years. Today India ...
The Key Trends Facing Customer Service Organizations When it comes to customer service, there are many formulas the companies try in order to ensure customer satisfaction. Desk.com has created an infogr...
A to Z of Group Health Insurance Group Health Insurance is an insurance that covers a defined group of people, for example members of a society or professional association or employee...
ECommerce in India 2015 – Vouchercloud The word online shopping has become much popular in India than ever before. E-commerce has change the habit of shopping of Indian people. It has broug...
Benefit Of Setting Up A Business In Singapore Globalization is the need of hour in today’s business world. Every company wants to have a share in increasing business opportunities due to globaliza...
All You Need to Know About Health Insurance Portability Health insurance is one of the most important investments you’ll make in your life. It’s also something you’ll have to live with for as long as you li...
A Common Diagnosis Autism is a diagnosis every parent worries about. While this condition was practically unheard of twenty years ago, it’s an increasingly prevalent dia...
NEW YEAR RESOLUTION GOOD HEALTH AND LOWER HEALTH INSURANCE PREMIU... Someone once said, ‘New year resolutions are just like babies, fun to make but extremely difficult to maintain’. Every year January begins for me with...
What is Follicular Transfer Follicular Transfer, currently the most promising treatment option available to men affected by male pattern baldness. It affects 6.5 million men in t...