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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNYT: Giant Companies Took Secret Payments to Allow Free Flow of Opioids
NYT - Giant Companies Took Secret Payments to Allow Free Flow of Opioids (free link)
Drugmakers including Purdue Pharma paid pharmacy benefit managers not to restrict painkiller prescriptions, a New York Times investigation found.
By Chris Hamby
This is the third article in a series about how pharmacy benefit managers distort the health care system at the expense of patients, employers and taxpayers.
Dec. 17, 2024
In 2017, the drug industry middleman Express Scripts announced that it was taking decisive steps to curb abuse of the prescription painkillers that had fueled Americas overdose crisis. The company said it was putting the brakes on the opioid epidemic by making it harder to get potentially dangerous amounts of the drugs.
The announcement, which came after pressure from federal health regulators, was followed by similar declarations from the other two companies that control access to prescription drugs for most Americans.
The self-congratulatory statements, however, didnt address an important question: Why hadnt the middlemen, known as pharmacy benefit managers, acted sooner to address a crisis that had been building for decades?
One reason, a New York Times investigation found: Drugmakers had been paying them not to.
For years, the benefit managers, or P.B.M.s, took payments from opioid manufacturers, including Purdue Pharma, in return for not restricting the flow of pills. As tens of thousands of Americans overdosed and died from prescription painkillers, the middlemen collected billions of dollars in payments.
/snip
Drugmakers including Purdue Pharma paid pharmacy benefit managers not to restrict painkiller prescriptions, a New York Times investigation found.
By Chris Hamby
This is the third article in a series about how pharmacy benefit managers distort the health care system at the expense of patients, employers and taxpayers.
Dec. 17, 2024
In 2017, the drug industry middleman Express Scripts announced that it was taking decisive steps to curb abuse of the prescription painkillers that had fueled Americas overdose crisis. The company said it was putting the brakes on the opioid epidemic by making it harder to get potentially dangerous amounts of the drugs.
The announcement, which came after pressure from federal health regulators, was followed by similar declarations from the other two companies that control access to prescription drugs for most Americans.
The self-congratulatory statements, however, didnt address an important question: Why hadnt the middlemen, known as pharmacy benefit managers, acted sooner to address a crisis that had been building for decades?
One reason, a New York Times investigation found: Drugmakers had been paying them not to.
For years, the benefit managers, or P.B.M.s, took payments from opioid manufacturers, including Purdue Pharma, in return for not restricting the flow of pills. As tens of thousands of Americans overdosed and died from prescription painkillers, the middlemen collected billions of dollars in payments.
/snip
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NYT: Giant Companies Took Secret Payments to Allow Free Flow of Opioids (Original Post)
Dennis Donovan
Dec 17
OP
Did any CEO's go to prison for this ? This was not done with out their consent.
republianmushroom
Dec 17
#3
dchill
(40,779 posts)1. Free Enterprise is the backbone...
...of the American economy!!
Voltaire2
(14,880 posts)2. Murder is acceptable if you're a CEO. nt.
republianmushroom
(18,179 posts)3. Did any CEO's go to prison for this ? This was not done with out their consent.
Secrete payments, how did it show up on their tax forms ?