Patrick Clinton, of Pharmaceutical Executive Magazine, reminds us of the following old joke -- A patient goes to the doctor and learns he needs surgery that will cost $10,000. "I can't pay it, Doc," he says. "That's OK," responds the doctor. "For a hundred bucks I can retouch your X-rays.
Fantasy or Evidence-based Medicine? You make the call.
Clinton uses this joke as a lead-in to an excellent opinion piece on AWP (Average Wholesale Price) and Medicare. He says what he means and it’s a worthwhile read.
Here’s the link:
http://www.pharmexec.com/pharmexec/article/articleDetail.jsp?id=382530
And here's the background: In the US District Court for the District of Massachusetts, Judge Patti Saris is hearing MDL 1456, a multi-jurisdiction case that charges 42 pharmaceutical companies (and likely more to come) with violating various RICO and deceptive-trade-practice acts by artificially inflating the Average Wholesale Price (AWP) they reported to Medicare.
Enjoy.
Fantasy or Evidence-based Medicine? You make the call.
Clinton uses this joke as a lead-in to an excellent opinion piece on AWP (Average Wholesale Price) and Medicare. He says what he means and it’s a worthwhile read.
Here’s the link:
http://www.pharmexec.com/pharmexec/article/articleDetail.jsp?id=382530
And here's the background: In the US District Court for the District of Massachusetts, Judge Patti Saris is hearing MDL 1456, a multi-jurisdiction case that charges 42 pharmaceutical companies (and likely more to come) with violating various RICO and deceptive-trade-practice acts by artificially inflating the Average Wholesale Price (AWP) they reported to Medicare.
Enjoy.
