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Shkreli Awards: Profiteering and Dysfunction in US Healthcare

Last year we did an episode on the third annual Shkreli Awards from the Lown Institute – ten examples of profiteering and dysfunction in healthcare. The ins and outs of the healthcare system are the bread and butter of this channel, so we were more than happy to dedicate another episode to the fourth annual Shkreli Awards, and this year’s did not (or did?) disappoint. More

And the Shkreli Awards go to …

The Lown Institute handed out its 2020 Shkreli Awards, which spotlight “the worst examples of profiteering and dysfunction in healthcare.”

Hospitals and pharma companies made an impressive showing “for committing acts of greed and indifference in the face of great suffering,” according to a Lown Institute news release.

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‘Shkreli Awards’ Shame Healthcare Profiteers

Greedy corporations, uncaring hospitals, individual miscreants, and a task force led by Jared Kushner were dinged Tuesday in the Lown Institute's annual Shkreli awards, a list of the top 10 worst offenders for 2020. In third place: four California hospital systems that refused to take COVID-19 patients or delayed transfers from hospitals that were out of beds. "In the midst of such a pandemic, to continue that sort of behavior is mind boggling," said Saini. "This is more than the proverbial wallet biopsy." Connecticut internist Steven Murphy, MD, ran COVID-19 testing sites for several towns, but conducted allegedly unnecessary add-ons such as screening for 20 other respiratory pathogens. "As far as I know, having an MD is not a license to steal, and this guy seemed to think that it was," said Brownlee. More