RE: Doctors, disclosures, stocks in pharmacueticals

[Guest guest]

In a message dated 8/27/2004 1:54:52 PM Pacific Standard Time,

laxity@... writes:

<<

>>

Yes, I know a doctor who is actually on the Board of Directors of a large

pharmaceutical company and naturally prescribes mostly their products. They

also

receive monetary " incentives " from many of the drug manufacturers to carry

and prescribe some products. In my hubby's Harley sales experience, these

incentives are called " spiffs " . So if he recommends for instance one brand of

oil

filter over another, he can earn himself $5 per filter he sells of the brand

that does spiffs. The spiffs aren't always given for some of the better

brands, either.....it's often a tool to move more of the crummier brands. So if

this is true of the medical profession, I sure don't want to be the recipient of

the cheapest/least effective/more dangerous medicine for my condition!

Liza

[Guest guest]

In a message dated 8/27/2004 1:54:52 PM Pacific Standard Time,

laxity@... writes:

<<

>>

Yes, I know a doctor who is actually on the Board of Directors of a large

pharmaceutical company and naturally prescribes mostly their products. They

also

receive monetary " incentives " from many of the drug manufacturers to carry

and prescribe some products. In my hubby's Harley sales experience, these

incentives are called " spiffs " . So if he recommends for instance one brand of

oil

filter over another, he can earn himself $5 per filter he sells of the brand

that does spiffs. The spiffs aren't always given for some of the better

brands, either.....it's often a tool to move more of the crummier brands. So if

this is true of the medical profession, I sure don't want to be the recipient of

the cheapest/least effective/more dangerous medicine for my condition!

Liza

[Guest guest]

Yes it is a common practice especially with gastros.

They are involved in many research projects.

As long as it is disclosed do not be alarmed.

IT IS WHEN IT IS NOT disclosed that you need to run, run as fast as you can

to a different doctor and never look back!

Debbi

AKA: jetskideb

SoCal EDS'er

Re: Doctors, disclosures, stocks in pharmacueticals

In a message dated 8/27/2004 1:54:52 PM Pacific Standard Time,

laxity@... writes:

<<

>>

Yes, I know a doctor who is actually on the Board of Directors of a large

pharmaceutical company and naturally prescribes mostly their products. They

also

receive monetary " incentives " from many of the drug manufacturers to carry

and prescribe some products. In my hubby's Harley sales experience, these

incentives are called " spiffs " . So if he recommends for instance one brand

of oil

filter over another, he can earn himself $5 per filter he sells of the brand

that does spiffs. The spiffs aren't always given for some of the better

brands, either.....it's often a tool to move more of the crummier brands.

So if

this is true of the medical profession, I sure don't want to be the

recipient of

the cheapest/least effective/more dangerous medicine for my condition!

Liza

[Guest guest]

Doctors, disclosures, stocks in pharmacueticals

Hi all

Is it a common practice for docs to own stocks in the pharmacueticals that

they specialize in and advise them and receive money from them and own stock

in them? It just seems a bit shifty to me; any thoughts?

~~~~~~

Hmmmm you just confirmed a suspicion I've had about some MD's pushing certain

pills/meds!!! Thanks

[Guest guest]

Doctors, disclosures, stocks in pharmacueticals

Hi all

Is it a common practice for docs to own stocks in the pharmacueticals that

they specialize in and advise them and receive money from them and own stock

in them? It just seems a bit shifty to me; any thoughts?

~~~~~~

Hmmmm you just confirmed a suspicion I've had about some MD's pushing certain

pills/meds!!! Thanks

[Guest guest]

I was just thinking how many times this doctor could write himself a check

with this method: The initial visit, a kick back from the rx, a kick back

from the stock, increasing his own demand to research, a kick back for

reporting the medical information to the pharmacuetical company, the return

visit, a kick back from the increase the dosage, oh and lets add the miracle

statin drug while we are at it. Plus he wants her to do the in-depth

testing for it; I imagine there are kick backs for using certain medical

appliances, anesthesia.

On 8/27/04 5:35 PM, " ceda " ceda > wrote:

> From: Thing1973@...

> Subject: Re: Doctors, disclosures, stocks in pharmacueticals

>

> Yes, I know a doctor who is actually on the Board of Directors of a large

> pharmaceutical company and naturally prescribes mostly their products. They

> also

> receive monetary " incentives " from many of the drug manufacturers to carry

> and prescribe some products. In my hubby's Harley sales experience, these

> incentives are called " spiffs " . So if he recommends for instance one brand of

> oil

> filter over another, he can earn himself $5 per filter he sells of the brand

> that does spiffs. The spiffs aren't always given for some of the better

> brands, either.....it's often a tool to move more of the crummier brands. So

> if

> this is true of the medical profession, I sure don't want to be the recipient

> of

> the cheapest/least effective/more dangerous medicine for my condition!

> Liza