PRESS RELEASE: Lown Institute’s “Shkreli Awards” Highlight Worst in Health Care in 2017

January 8th, 2018

List reveals the top ten most egregious examples of “profits over patients” over the past year

Boston, MA: On January 2nd, 2018, the Lown Institute released a list of the top ten worst actors in health care, named for the infamous “pharma bro” Martin Shkreli. These “Shkreli Awards” highlight some of the most egregious examples of profit-mongering and lack of empathy in health care in 2017.

The list includes a drug company trying to protect a lucrative patent by selling it to a Native American tribe, addiction centers recruiting opioid addicts to reap insurance reimbursements, a psychiatric institution letting a murder go unreported, and more.

“We see health care horror stories like this in the news all the time,” said Vikas Saini, President of the Lown Institute, “We want people to recognize that they are not anecdotal or one-off cases, but representative of a system that is failing.”

The Lown Institute is a think tank working toward a radically better and uniquely American health system that overturns high-cost, low-value care. The Institute conducts research, develops clinical tools, and convenes health policy experts to identify issues and interventions for the twin epidemics of medical overuse and underuse.

“We believe care should be rooted in compassion, not treated like a commodity,” said Saini, “And we are developing a vision for America’s next health system that does just that.”

The systemic issues behind these “award-winning” horror stories will be front and center at the Lown 2018 Conference, Breaking the Cycle of High Cost & Low Value: America’s Next Health System. Participants will hear from leading health care policy experts, researchers, and activists on systemic overuse, inequality, clinician burnout, and the crisis in affordability, as well as the bold policy ideas we need to transform American health care.