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 -   10 Gentleman Things You Should Do In The Gym

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

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...
What is Post Operative Care? What are the tips for post operative... Have you undergone a surgery recently? After the surgery is completed, you require medical care and post surgical care service. The kind of post o...
How To Stay Healthy While Traveling Whether it's for business or pleasure, no one wants to get sick while traveling. While sometimes this seems unavoidable, there are actually many trave...
A Step Towards Sanitation With Domex Image credit: hydratelife.org Sanitation means maintaining personal hygiene, which is achieved by not only keeping ourselves clean but also our su...
Why Do Projects Fail? When you think of a Fortune 500 company and imagine they are leading a big new project, what do you think their chances are at success? 100%? Ok, let'...
The Intersection of Healthcare and IT Photo credit: inbioveritas.com Nowadays when you visit your doctor's clinic your physician use a tablet to take notes and store your medical recor...
How Much Money Do Top Companies Make Each Second? How much money does Apple & other top companies make each second? Does any other company even come close? Today's infographic visualizes the mo...
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...
A Review of Affordable Ariba Oil If you are needed the fast reliable top quality heating oil, then the Ariba oil is a perfect choice for you and you can get it at discount prices....
Medicated to Death? We are a society that believes that there’s a pill for every pain, and the statistics behind medication use prove it. Toprntobsn.com has created an i...