New disclosures show financial links between doctors, drug companies

Courtesy of Images Money/Flickr
Courtesy of Images Money/Flickr

Drug and medical device companies paid more than $53 million to doctors and teaching hospitals in Missouri, including consulting and speaking fees, meals, travel and research payments, during the last five months of 2013, according to federal data released this week.

The national disclosure of payments made to clinicians and teaching hospitals was part of President Barack Obama’s health care overhaul. The Open Payments system was intended to allow patients to easily look up their own doctors online, although that feature wasn’t included in the first batch of data.

The federal data also tracked whether doctors or teaching hospitals had ownership stakes in a drug or medical device companies. Missouri physicians earned $5.8 million through ownership interests.

Read more from the St. Louis Post-Dispatch

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