Pharma, Medical Device Cos. Paid $6.5B To Doctors In 2014

By Y. Peter Kang (June 30, 2015, 8:54 PM EDT) -- Pharmaceutical companies and medical device makers paid $6.49 billion to U.S. doctors and teaching hospitals in 2014, according to data released Tuesday by the federal government as part of its efforts to make health care industry financial data more transparent.

The Centers for Medicare & Medicaid Services published the data as part of its Open Payments program, which provided insight into 11.4 million financial transactions made in 2014 between the companies and more than 600,000 doctors and 1,100 teaching hospitals.

The bulk of the payments were made for research purposes, with $3.23 billion spent last year, while general payments came in...

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