The Lown institute keeps an eye on fraud, waste, and dysfunction in American healthcare, and every year they present the Shkreli awards, named for infamous pharmabro Martin Shkreli. Here we summarize the top 10 terrible operators of 2024.
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"The whole idea that that there's a functioning market is a fantasy," Saini said "Given that fact, the way money flows is not at all rational, and that's why we get what we get in terms of the prices of everything."
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A wish list of program cuts being circulated by House Republicans includes proposals that target the healthcare system. Here are some of the proposed cuts and the potential repercussions for hospitals.
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Early 2025 updates on private equity and hospitals, including new state legislation and another system bankruptcy.
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From selling deceased patients' body parts to denying cancer treatment over upfront payments, the Lown Institute's annual Shkreli Awards spotlight the most egregious examples of profiteering and dysfunction in American healthcare. Dr. Vikas Saini, President of the Lown Institute, walks us through 2024's "winners" and what they reveal about the state of our healthcare system.
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Amid increased scrutiny on hospital billing and collections practices, one might expect hospitals to make their financial assistance policies more generous. However, these changes are not always for the better, a new study finds.
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We’re bringing you highlights from this year’s ceremony – featuring things like human bones for sale without the consent of the deceased or their families, phantom urinary catheters, and so much more – and some reflections from the Lown Institute’s president, Dr. Vikas Saini.
“Showing all these stories together paints a picture of a health care system in desperate need of transformation,” Saini said at the ceremony. “Not just because the stories are shocking, but because often what they're depicting, like Martin Shkreli's infamous price hike, is perfectly legal.”
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We recently revealed the winners of the 8th Annual Shkreli Awards, our top ten list of the most egregious examples of healthcare profiteering and dysfunction each year. But there are many, many more examples of the ways our healthcare system is broken. Presenting the Shkreli Awards Dishonorable Mentions! These nominees fell just shy of making […]
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his is the eighth year in which the awards have been given. Winners are chosen by a panel including doctors, public health experts, journalists, and patient advocates. The awards are named after Martin Shkreli, the “pharma bro” who became infamous when he bought the maker of the anti-parasitic drug Daraprim and increased the price 50-fold.
Speaking at the ceremony, Lown Institute president Vikas Saini said, “All these stories paint a picture of a healthcare industry in desperate need of transformation. Doing these awards every year shows us that this is nothing new.”
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"Every year we are dumbfounded by the amount of profiteering" that candidates for these awards engaged in, Vikas Saini, MD, president of the Lown Institute, told MedPage Today. "It's always a mixture of out-and-out fraud as well as just general venality and grasping."
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This set of Shkreli Award winners is the institute's eighth installment, but the level of outrageousness in the actions of this year's candidates is the most disturbing, Saini said. There are "regulators and people in positions of authority whose jobs they are supposed to do, but instead they turn and look the other way. A lot of this stuff that happens is because there's no cops on the beat."
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“All these stories paint a picture of a healthcare industry in desperate need of transformation. In 2024, healthcare practices were put in the spotlight,” Vikas Saini, president of the Lown Institute, said during the ceremony. “But doing these awards every year shows us that this is nothing new. We’re hoping that these stories illuminate what changes are needed.”
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Ten individuals, groups, practices and organizations are recognized in the name of a "pharma bro" with the release of Lown Institute's Shkreli Awards.
The 8th Annual list contains the "most egregious examples of profiteering and dysfunction in healthcare," decided by a panel of 20 judges who are patient activists, clinicians, health policy experts and journalists. The awards are organized by Lown Institute, a nonpartisan think tank that measures hospitals' and health systems' social responsibility.
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A top ten list of the worst examples of profiteering and dysfunction in health care, named for the infamous "pharma bro" Martin Shkreli.
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The killing of United Health CEO Brian Thompson triggered an uproar from the many Americans frustrated with the failures of our health care system. In a recent op-ed in the Boston Globe, Lown president Dr. Vikas Saini shares his take on this important moment and the changes we need to build a radically better health […]
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Register now for the 2024 Shkreli Awards, hosted on January 7, 2025 at 1pm
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Physicians and medical students of the AMA recently voted in favor of stronger financial assistance standards. Why are stronger standards needed, and how could this help relieve medical debt for patients?
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Safety net hospitals across the country are facing downgraded services and closures. Meanwhile, more profitable hospitals within the same systems are expanding and growing bigger than ever. Where is this pattern showing up, and how does it impact patients?
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Register now for the webinar "Unnecessary Back Surgery: Older Americans put at risk while Billions in Medicare funds wasted" on November 14, 2024.
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