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Another Study Finds Link Between Pharma Money and Brand-name Prescribing

A group of researchers at Harvard Medical School has found that medical industry payments to physicians in Massachusetts are associated with higher rates of prescribing brand-name drugs that treat high cholesterol.

 

The study's finding, published today in JAMA Internal Medicine, is in line with a ProPublica analysis and story from March, which showed that physicians who receive industry money tend to prescribe higher rates of brand-name drugs 2014 and thus, lower rates of similarly effective, more affordable generic drugs 2014 when compared to peers.

 

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An aim of the study, said lead author Dr. James S. Yeh, was to determine and reduce any industry influence that could produce bad behavior.

 

"You want your doctors to be objective rather than doing something because there is a financial gain, be it subconscious or conscious," Yeh said. "That's not the way we should be doing medicine."

 

Yeh added that not all industry relationships with physicians are problematic. Often pharmaceutical companies fund large research projects that could produce advances in medical care.

 

The Harvard study concluded that physicians' rate of prescribing brand-name statins 2014 the category of drugs that treat high cholesterol 2014 increased by 0.1 percent for every $1,000 in industry money received. Under $2,000 in payments, there was no significant increase in brand-name prescribing.

 

A 0.1 percent increase in brand-name prescribing might not seem like much, but the study notes that brand-name statins cost two to four times wholesale as much as generics and that cost is an important factor in patient health outcomes. Patients are less likely to keep taking drugs that are more expensive.

 

Both ProPublica and the Harvard researchers were careful not to assign a causal relationship between payments and brand-name prescribing because there's a lot that the data alone can't show 2014 for instance, why a doctor chose a certain drug, or the list of preferred drugs used by a patient's insurer. It's also possible that pharmaceutical companies market their drugs more to doctors who are already high brand-name prescribers.

 

"I think the causal relationship is really difficult to determine because there's so many other factors that impact the physician's prescribing behavior," said Yeh, a research fellow at Brigham and Women's Hospital and Harvard Medical School.

 

The Harvard study differs from ProPublica's analysis in a few ways. ProPublica looked at doctors nationwide in the five most populous specialties, using data from the U.S. Centers for Medicare and Medicaid Services' Open Payments program, which included all payments to doctors from drug and device makers in 2014. The Harvard researchers only looked at Massachusetts doctors, using a 2011 physician payment database kept by the state's department of health.

 

Also, ProPublica focused on overall brand-name prescribing rates, not just for statins. The researchers chose statins because they are frequently prescribed and because there are both generic and brand-name options.

 

Both analyses used prescribing data from Medicare's Part D program to determine physicians' brand-name prescribing rates 2014 in fact, the Harvard researchers purchased Part D data prepared for analysis by ProPublica. Part D currently provides drug coverage to nearly 41 million seniors and disabled people.

 

One of Yeh's co-authors, Dr. Aaron Kesselheim, provided feedback on the design of ProPublica's analysis.

 

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QNet: “It is a chain where a person is fooled and then he is trained to fool others to earn money” says Bombay HC order
The Bombay High Court while rejecting anticipatory bail applications of five accused in the multi-crore QNet scam, has observed that "the deceit and fraud is camouflaged under the name of e-marketing and business". This scheme is undoubtedly a multi-level marketing (MLM) activity and a pyramid structure of such scheme is prepared so that the members are promised to get money on purchase and sale of products, the Court said.
 
In a hard-hitting order on 6 May 2016, Justice Mridula Bhatkar said, "The motto of the company 'sell more, earn more' appears very attractive and innocuous. However, this motto is fully camouflaged. The company stands on a basic statement that people can be fooled. Thus, the true motto is 'sell more earn more' by fooling people. In fact it is a chain where a person is fooled and then he is trained to fool others to earn money. For that purpose, workshops are conducted where study and business material is provided with a jugglery of words, promises and dreams. Thus, the deceit and fraud is camouflaged under the name of e-­marketing and business."
 
"It has very grave and serious impact on the economic status and mental health of the people on a large scale. On considering parameters of section 438 of the Code of Criminal Procedure, I am not inclined to protect the accused. It won't be out of place to mention that such circulation is required to be stopped. It is necessary for the prosecution to take injunctive steps against this business activity, which is prima facie, illegal. Though by stopping this business, a large group of people may get financially affected, however, it will save larger groups of people from becoming prey of this activity," the Bombay HC said. 
 
The HC rejected bail applications of five including, Srinivas Rao Vanka and Magaral Veervalli Balaji, both directors of Vihaan Direct selling (India) Pvt Ltd, Suresh Thimiri, director of Transview Enterprises India Pvt Ltd, Malcolm Nozer Desai, who is a 20% stakeholder in Vihaan and Michael Joseph Ferreira, former world champion of billiards and an 80% stakeholder in Vihaan.
 
"I have gone through the plan which is given by QNet to every individual representative (IR)," Justice Bhatkar said. "I have gone through the statements of many witnesses, who claimed that they have been cheated under the scheme launched by QNet. I have also considered the conclusive report of Serious Fraud Investigation Agency (SFIO) under the Company Act) SFIO Prima facie, there is material to hold that the business conducted by Qnet is covered under PCMC Act and also under Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954."
 
"However," the Bench added, "the things are not as straight as they are perceived on the surface. Assuming that the scheme was launched with a noble object to give benefit to maximum people to make money quickly and easily by selling products of the company, however, after going through the material placed before me including the statements of the witnesses, I am of the view that in the mid­way, the intention of the applicants/ accused, who are the directors and shareholders of the company, became dubious. They had knowledge that more members are suffering financial losses and they are not satisfied with the products. The claim that the wellness products i.e., Biodisk and Chi Pendent are medicinal and spiritual products, are after all, a matter of faith. However, the applicants/ accused have launched these wellness products with ulterior motive and with correct judgment of vulnerability of the people. The holiday packages, which were sold or offered, without any choice left to the buyers. The entire business was Internet based and, therefore, the persons who are responsible i.e., the top brass i.e., the applicants/ accused, were not approachable to the persons who were aggrieved. The nature of the business was knitted in the interest of the Directors and shareholders in such a manner that the persons who are at the lower level of the pyramid cannot get any access to put up their grievances. The manner in which the persons were contacted, incentives offered, the workshops were conducted, are best examples of inducement."
 
Earlier, Pradeep Gharat, special Public Prosecutor submitted before the Bench that Vanmala Hotels, Travels and Tourism Services Private Ltd and Pallava Resorts Private Limited have created a Website and travel packages. "The commission was not paid on the products though the new members were introduced. The registered office of Vanmala Hotels, Travels and Tourism Services Pvt Ltd company is a call center," he said. 
 
He further submitted that in December 2014 the Ministry of Corporate Affairs sealed their office at Chennai and declared Gold Quest International Pvt Ltd and QuestNet Enterprise (P) Ltd as the fraud companies. "Thus, money is collected on­line and though the Independent Representative number is given, actual money was not available for withdrawal. Said money was laundered outside India. The police in the investigation have come across 73 bank accounts of Q Net Ltd and total laundering of is around Rs135 crore," Adv Gharat had said.
 
Below is the order passed by the Bombay HC…
 
 
Earlier in February 2016, the special Maharashtra Protection of Interest of Depositors (MPID) Court had also rejected anticipatory bail applications of these five. The Economic Offences Wing (EOW) of Mumbai Police, which is probing the case, had invoked the stringent MPID Act against controversial multi-level marketing (MLM) company QNet, which has denied any wrongdoing on its part.
 
Gurupreet Singh Anand, a computer consultant from Lokhandawala, Andheri in his first information report (FIR) stated that his wife was duped for Rs30,000 by some people who had introduced themselves as the independent representatives (IRs) of QNet. 
 
While arguing before the HC in person, he contended that the illegal money circulation scheme is being conducted in India by changing names from GoldQuest to QuestNet to the current QNet.
 
Earlier, the SFIO in its detailed ‘secret’ report on GoldQuest International Pvt Ltd and Quest Enterprises India Pvt Ltd has called multi-level marketing (MLM) schemes run by overseas operators as “a potential threat to national security”.
 

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COMMENTS

sachin

1 day ago

Kept Ready all my weapons today at Mumbai. It's about to fire.

God has to save you QNeters

sachin

2 days ago

Very Funny..

A Company and his Staff, cheats people by Selling Useless Products to earn commission and Says....We have paid Taxes for Income earned....

It's like a person does a Robbery and says I paid Income Tax.....Hahaha

gaurav singh

3 days ago

agar u listen and work what is required .. its cake walk.. US m direct selling industry ko importamce ko pado ..dont worry yaar ..everything is tax deductible at source .. but money life sucks.. And our founder is regular speaker of wef

REPLY

Anjali R Verma

In Reply to gaurav singh 2 days ago

I m not in US....kisko chutiya bana rahe ho......direct selling ko importance diya jata hai. ......isliye logo se paise leker uske kuchh bhi product pakda dete ho......sirf apne commission ke liye......qnet ka sara product waste hai....jab market me nahi bikta toh tum jaise log pehle logo ka brainwash kerne ke baad kuchh bhi pakda dete ho.....

SHUBHAM TIWARI

3 days ago

This money life sucks .. I AM FULL TIMER WORKING .. EARLY WAS WORKING IN TCS LEFT JOB IN 9 MONTHS .. AFTER SERVING IT FOR 5 YEARS.. direct selling company k baare m pado bhai ..mca. Gov.in par vihaan direct selling search karo .. there is no charges on company.. But dont read blocks read authentic sites yaar

DHARMENDRA PANDEY

3 days ago

ITS A LEGITIMATE DIRECT SELLING COMPANY .. CHECK IT OUT QNET AND SUPREME COURT OF INDIA IN THE HINDU .. INDIA IS HAAD CHUTIAP

sachin

1 week ago

FLASH NEWS :

NEW COO APPOINTED AT VIHAAN DIRECT SELLING INDIA PVT LTD (QNET INDIA)

HE IS NRI FROM MALASIA

NAME: NARESH BALASUBRAMANIAN

REPORTING TO DIRECTORS OF QNET AND THE OTHER ASS HOLES.

FILE ALL POLICE COMPLAINTS AGAINST HIM.

REPLY

Durga Prasad

In Reply to sachin 2 days ago

Hello Sachin, i am cheated by one of my friend Nitesh Tripurana --" https://www.facebook.com/nitesht?fref=ts " this is his face book id, don't truest any body, i want to give a compliant against him, help me the process

Durga Prasad

In Reply to Durga Prasad 2 days ago

i wanted to give a complaint against QNet Team, One of my friend working with QNet Team, he contact me and he is telling some stories about business and all, he didn't tell about Chain process model Initially, after paying money(3Laks) they told about chain process, after that i think about that process, i said them i am not interest for this business, please give me my money back, now they are not responded. please consider my complaint against QNet team, refund my money back.Entire QNET team working at Hyderabad Location. let me know how to get my money back.

Anjali R Verma

In Reply to Durga Prasad 2 days ago

If u going to put complain against company. ....it will be rejected. ..go for individual. ......and yes...if it's not more than 30 days when u gave ur money. ...Apply for refund process. .....Contact 09900060061 for refund

Preeti Sharma

1 week ago

You all Qnet cheaters people get ready for legal action on a big scale.
I am going to make your life hell. i am sending a legal summen to Qnet owner Dato.

REPLY

Chaithra M S

In Reply to Preeti Sharma 1 week ago

hey preethi chaithra here, can i joim with u in registering a compalint please?

Mohammad Faisal

In Reply to Chaithra M S 2 days ago

can i join you

Preeti Sharma

1 week ago

i am going file a court case against Qnet. I am going to make their uplines life hell.
they took my hard worked money by giving me promise that they will return the money within 6 months if i want to quit.

REPLY

Durga Prasad

In Reply to Preeti Sharma 2 days ago

can i join to complaint against Qnet.

sachin

1 week ago


Dear QNet Victims

File Police Complaints and Curse Them everyday for spoiling your life.

Starting from Mr. D & ST till Company Security should not get Ordinary Death.

I have attended a Funny QNet Business Trap / Explanation at RMZ, Bangalore.

An Idiot Top IR says "NOTHING HAPPENS TO OUR BUSINESS, DONR WORRY, IF QNET GET CLOSED DUE TO SUPREME COURT ORDER, WE WILL CREATE A NEW COMPANY AND LATER MIGRATE TO THE NEW ONE"

I ASKED HIM WHERE IS YOUR REGISTERED OFFICE, HE REPLIED SAYING, WE WILL GIVE ALL DETAILS ONCE YOU GET INTO OUR BUSINESS"

THESE MOTHER FUCKERS ARE READY TO CHEAT AND DO ANYTHING TO GET COMMISSIONS FROM QNET.

DONT LEAVE THEM, FILE MORE AND MORE POLICE COMPLAINTS. NOT ONLY WITH POLICE, ALSO WITH EOW, NEWS CHANNELS, ROC, SEBI

PLS DONT KEEP QUITE AND PRAY GOD TO HELP YOU...

FILE A POLICE COMPLAINT IN A NEAR BY POLICE STATION AGAINST "VIHAAN DIRECT SELLING INDIA PVT LTD"

sachin

1 week ago

All VICTIMS....

PLS DONT KEEP QUITE AND PRAY GOD TO HELP YOU...

FILE A POLICE COMPLAINT IN A NEAR BY POLICE STATION AGAINST "VIHAAN DIRECT SELLING INDIA PVT LTD"

REPLY

Sandy

In Reply to sachin 2 days ago

Hi Sachin
Can you pls share with us the next date of hearing at Supreme Court of QNET ?

Chaithra M S

In Reply to sachin 1 week ago

if we go to give a complaint so called uplines with their influence making us arrest and be in station for 2 days and warn us and leave then.

sachin

In Reply to Chaithra M S 1 week ago

No...SOMEBODY GAVE YOU A WRONG INFO.

IF YOU WANT MONEY GO AND GET IT, ITS YOUR HARD EARNED MONEY.

Chaithra M S

1 week ago

Can someone please guide me how to get money back cos im in critical condition i really want my money back and if i didnt get my life will be miserable i have taken 4 PL's and i need to pay loan for next 5 years which my parents do not know even and the boy who took money from me now says cant give back do wat ever u want to do.. can you guide me further

REPLY

sachin

In Reply to Chaithra M S 1 week ago

Contact Mr.Gurupreet. Mobile Number mentioned below

Chaithra M S

In Reply to sachin 1 week ago

who is gurupreet sachin can u pls guide me properly

True Saint

1 week ago

Qnet is a Fraud company..It is Fooling people in the name of trust. A pure Chain marketing system who is only benefiting the company not the people. Their Products Sucks!

Sonu Kamboj

1 week ago

V is training and support arm of qnet is it any seperate company who told u that bro andy....

Andy Karakos

1 week ago

they have started a new company now called the-v.net

Sonu Kamboj

1 week ago

These persons who claim Qnet they are not ready to work so they complaining i love qnet it is changing many lifes.... And if this comment is deleted then i will take further action against that.........

HUL's Q4 net up 7%
Consumer goods major Hindustan Unilever Ltd (HUL) on Monday reported a 7% rise in its standalone net profit in the quarter ended March to Rs.1,089.59 crore as compared to Rs.1,018.08 crore in the year-ago period.
 
Net sales increased by 3.36 percent for the quarter to Rs.7,809 crore as against Rs.7,555 report in the corresponding period last year.
 
"During the quarter, the domestic consumer business grew at 4 percent, with 4 percent underlying volume growth. Growth in the quarter was impacted by the phasing out of excise duty incentives, a one-time credit for excise duty refund in the base quarter and marginal price de-growth," the company said in regulatory filing at Bombay Stock Exchange (BSE).
 
The FMCG giant said that lower input costs resulted in 240 basis points reduction in cost of goods sold.
 
Net profit for 2015-16 was at Rs.4,082 crore with the growth rate impacted by the higher exceptional income arising from subsidiary and property related sales in the previous year, it reported.
 
"In challenging markets and a deflationary cost environment, we have delivered another year of competitive and profitable growth. Our sustained focus on investing behind brands, sharpening our executional capabilities and driving market development has enabled us to keep wining with consumers in a rapidly changing market," said company chairman Harish Manwani. 
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

COMMENTS

sai kiran

3 months ago

Its very important

Michael

3 months ago

I am victim of it! I recently invested 4 Lacs in it. Dont know how to get my money back. Should I file complain against them?

REPLY

sai kiran

In Reply to Michael 3 months ago

Bro can I know u r WhatsApp num bcoz I want to know futhure about qnet bcoz my one of my cousin is asking me to join into this business.8008809959 this is my WhatsApp num u can msg me at anytime

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