St. Petersburg Times on Big Pharma and Atypical Antipsychotics (Part 1)

The St. Petersburg times has run a thorough and convincing article on the amount of fraud in promoting the use of atypical antipsychotics in the psychiatric community. Courtesy of Clinical Psychology… and Furious Seasons. Some important financial points:

  1. Atypicals can cost up to 20 times as much as the old medications
  2. This because the drugs are new, patented — exceptionally expensive”.
  3. Taxpayers, in Florida alone, spent more than 1.1 billion dollars on atypical antipsychotics.
  4. To recover Medicaid funds, nine states have sued Eli Lilly. Two have sued AstraZeneca. And Dozens more states have teamed in a joint investigation, seeking billions of dollars in restitution for money they say they overpaid for atypicals through Medicaid.”

And that doesn’t even cover other disturbing elements in the story:

  1. The extensive financial influence of Big Pharma on marketing these drugs.
  2. Nor does it cover the lawsuits relating to side effects.
  3. Nor does it cover Big Pharma’s role in setting up state guidelines for prescription practices.

More on these aspects of the St. Petersburg article in upcoming posts.

If that piqued your interest, please click on the technorati button.
Add to Technorati Favorites

Kalea Chapman, Psy.D.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s