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In the News Press Release

Medicare Releases Drug, Device Open Payments Data

Publisher: Bloomberg BNA's Pharmaceutical Law & Industry Report
June 30, 2017

Eric Fader was quoted in an article, "Medicare Releases Drug, Device Open Payments Data," published in Bloomberg BNA's Pharmaceutical Law & Industry Report. The article discusses the recent annual release of data under the Open Payments program, which requires manufacturers of drugs, devices, and other medical supplies to report to the federal government certain payments made to physicians and teaching hospitals. Payments in 2016 included $4.36 billion for research purposes, $2.8 billion in "general payments," and $1.02 billion in physician ownership or investment interests in drug and device manufacturers. Fader told Bloomberg BNA that while it can be difficult for consumers to interpret the Open Payments data without additional information on the relationships, the overall program has succeeded in creating a public dialogue around the payments and conflicts of interest.

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