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Article Source: The Faster TimesFirst the good news: The Physician Payment Sunshine Actis now law, signed by President Obama as part of the health care bill overhaul.
There is one significant loophole in the law: according to thefinal provisions, payments related to clinical trials or product development agreements for new products are allowed a publication delay of four years or until product approval, whichever comes first.
Why the disclosure delay if there aren't any ethical questions about funding?
Because as spin focused and media savvy as the APA is they still can't dissuade the public's general perception that psychiatry & their related industries are in bed lock step with big pharma & the FDA. Their zeal and determination to include this delay is surpassed only by their vehemence to get the Mother's Act Mental Health "screening" included into the HCR bill.
There are additional problems in the final language however. According to the "fact sheet" published by the provision's sponsor, exemptions include the --
items provided under warranty, dividend or investment interests in a publicly-traded security or mutual fund, and payments made to a physician who is a patient, or an employee of the reporting company.
Which will, of course result in the "payment" to jurisdictional covered individuals in the form of stock options & securities.
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